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Chinese whisper over CIC turf wars
The $300 billion China Investment Corporation (CIC) aims to sidestep official barriers to investing in the US by offloading its stakes in home-country banks. The proposal would see the sovereign wealth fund (SWF) relinquish responsibility for the Chinese government’s majority stakes in the country’s largest banks, such as Bank of China, the Financial Times reported.
SWFs eye private real estate funds
New research reveals many sovereign wealth funds (SWFs) have entered the private fund arena and more are planning to invest through private equity funds in the future. According to analysis from the 2009 Preqin Sovereign Wealth Fund Review, which contains investment plans for all SWFs active in the real estate sector, 13 per cent invest
Big Bond Bust
In his editorial in the latest edition of the FAJ, Richard Ennis calls into question the role of advanced, aggressive fixed-income strategies, questioning the suitability of such techniques in the part of the investor’s portfolio that bears the brunt of providing downside protection.
UniSuper looks to China
The A$70 billion Australian superannuation fund for higher education and research workers, UniSuper, is keen on China. CIO John Pearce explains why.
Markets have not decoupled, but Asia still presents opportunities: Mercer
Despite Asian markets falling and redundancies occurring inline with the West, Mercer Investment Consulting has predicted that the Asian economy will continue to grow at 9 per cent this year.
NYC pension funds divest from Iran
The five New York City pension funds selling shares worth $10.8 million in two companies with business ties to Iran have been asked to adopt resolutions for the phased divestment of holdings in eight more companies with ties to the country which, in total, have a market value of more than $141 million.
Strategy should lead compensation: Ambachtsheer
A fund’s overall investment strategy should lead how senior staff are compensated, a recent survey into pension fund pay levels found. KPA Advisory Services recently asked 37 funds with combined assets of more than $2.2 trillion about how they structured their pay for senior staff and published the results in its latest monthly, The Ambachtsheer
New method for incentive compensation at CalPERS
CalPERS is contemplating an incentive schedule for senior investment executives that builds in downside risk, by expanding the range of the factor multipliers for the quantitative elements of investment performance plans, a move which could potentially eliminate a small compensation incentive award.
Coming out for gay and lesbian themes
With the return to favour of top-down equities management and renewed focus by pension funds on their asset allocation and beta exposures, there has consequently been a resurgence in thematic investment styles and products. CLICK HERE TO READ MORE
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