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Texas ERS boosts cash allocation as higher rates end era of dead money
Texas ERS has bumped up its allocation to cash to 10 per cent, and revamped its global equities around a core fund with an overweight to AI and other Magic Seven themes, drug manufacturers and aerospace. Another key development in equities includes reducing the number of stocks by half.
NEST-eggs incubated ethically through sharia mandate
The UK’s National Employment Savings Trust (NEST) has awarded F&C Asset Management and HSBC Global Asset Management the management of its ethical and sharia mandates.
Plastic pollution: A call to arms
Plastic production is projected to triple by 2050, yet only 14 per cent of plastic packaging is now collected for recycling. Consumers are beginning to reject the use of single use plastic and if this continues the financial impacts could be significant. So what is the role of asset owners in bringing this to light?
DEI and ESG in manager ratings: Clarke’s legacy
Mercer will incorporate DEI considerations into its manager research the same way it pioneered the incorporation of ESG factors in its manager ratings process back in 2012. The integration of DEI is a parting gift from long-term global head of investment research, Deb Clarke, who retired yesterday. Amanda White spoke to her about her legacy and the investment industry’s unfinished business.
Private equity angst at Oregon
A stubbornly high exposure, lacklustre M&A deals and exit activity as well as a slowdown in fundraising and deployment and market volatility creating benchmarking havoc have all conspired to cause consternation in the Oregon Public Employees Retirement Fund’s private equity allocation.
Myths may shackle SWFs
Chair of the A$75billion ($79bn) Australian Future Fund, and outgoing chair of the International Forum of Sovereign Wealth Funds, David Murray (pictured), believes sovereign wealth funds are at risk of discrimination if some key myths about their structure and investment intentions are not discussed.
Why these impact investing veterans don’t care about ESG ratings
BlueOrchard and Schroders Capital’s impact investing veteran, Maria Teresa Zappia, isn’t a fan of using ESG performance to evaluate her portfolios, suggesting that investors are limiting their options if they are not willing to consider companies with lesser ratings.
Gold worth more as a predictor than gold itself
Fiduciary investors have tended to shy away from gold as an investment, for various and solid reasons. But the predictive powers of the price of gold are worth observing, at least, in the institutional market.
State Street launches research centre
State Steet’s newly launched research centre will look to provide long term strategic insights into the investment management industry,with an initial focus on regulatory changes, distribution, products, fees and technology.
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