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In conversation with Simon Pilcher, USS
In this Fiduciary Investors Series podcast Amanda White speaks to Simon Pilcher the chief executive of USS Investment Management, which manages assets for USS, the largest private pension scheme in the UK about the complexity of a sustainable strategy – including divestment and manager expectations – as well as the opportunistic investments the fund has made in private assets and credit.
NZ Super looks to factors, carbon
The NZ$33 billion NZ Super is looking to increase its exposure to equity factors and implement the next phase of its climate strategy, which includes decarbonising existing factor mandates.
Investors need to face up to commodity realities in the energy transition
Commodities are at the heart of the energy transition, impacting both the coming structural decline of fossil fuels and the demand for the new economy critical materials. But the reality is that many investors are reluctant to talk openly about commodities because of the negative perceptions of the sector.
Operational excellence as critical as asset allocation for success
Asset allocation is often nominated as the most important element in long-term investment performance. But the Fiduciary Investor s Symposium at Stanford University heard that no investment strategy or process can operate in a vacuum – it can’t happen effectively without operational excellence.
Credit to be the 2012 honeypot: Mercer
Investments in credit will be a hive of activity this year as the role of banks in lending continues to fall and investors make decisions about the place of sovereign debt in their portfolios, according to Mercer. The consultant, which has outlined economic and financial challenges for investors in 2012, says the scarcity of credit,
Climate change risk to spur stress test
Mercer has quantified a ‘low-carbon transition’ premium in the sequel to its seminal climate change report, showing that a 2⁰C scenario equates to 11 basis points per annum to 2030 in a typical growth portfolio.
Fund managers lack business skills
PGGM’s Jaap van Dam and Kempen’s Lars Dijkstra say that asset owners with long-term horizons should look for managers who can analyse industries and companies to find intrinsic value.
Apples with apples: Teachers’ plan emphasises risk as much as return
“You almost don’t need to say the words, ‘risk management’,” says Barbara Zvan, head of risk and asset mix at the $84.9 billion (C$87.4 billion) Ontario Teachers’ Pension Plan (OTPP), when asked about how closely integrated the investment and risk management teams at the big defined benefit fund are. She talks to Simon Mumme about
Volatility sparks complete risk management review at CalPERS
Turmoil in financial markets and the need for greater transparency has triggered a review of the $174 billion CalPERS’ existing governance and risk management framework, with a new ad hoc committee tasked with reviewing the risk management framework across the entire business.
Fiduciary Investors Series