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ESG investing Does it just make you feel good, or is it actually good for your portfolio?
Investing with consideration of environmental, social and corporate governance (ESG) criteria has increased significantly in recent years. However, for a long time, the perception of investors was that ESGfocussed investing detracts from investment performance. This perception is starting to change. In this paper, we show that focussing on ESG factors can enhance returns. In particular,
CalPERS sharpens risk, liability tools
After watching the simultaneous declines of its market value and funded status during the financial crisis, the $204.8 billion CalPERS will conduct a full review of the methodologies underpinning its asset liability management (ALM) process.
Emerging markets vulnerable
Investors have pulled $83 billion from emerging markets since the beginning of the COVID-19 crisis, the largest capital outflow ever recorded, and the IMF and the World Bank are calling on G20 countries to show relief in dealing with their emerging market counterparts.
CalPERS urged to pull back commodities risk
CalPERS’ internal commodities team should enforce a tracking error limit for the portfolio it manages, and prepare to boost headcount and resources as investment opportunities evolve and funds under management grow, the fund’s primary asset consultant, Wilshire Associates, found in a review.
Diversity doesn’t work without inclusion
Achieving diversity requires data, new recruitment practices and nurturing inclusion. And the financial industry must get its own house in order to better put pressure on investee companies.
Oregon’s real estate revamp
Oregon State Treasury has de-risked its $12 billion real estate allocation, moving away from closed end, private equity-style investment and its associated inherent cyclical risk and total return focus. Building in more liquidity and transparency, reduced volatility and lowered fees via evergreen manager partnerships in separate account and open-end fund structures.
UK pension funds given property investment incentives
UK pension funds are being encouraged to support the residential property market via an initiative which would see them invest in the private rented housing sector for the first time.
Bahrain SWF may sell 25pc of Gulf Air
The $9 billion Mumtalakat, Bahrain’s sovereign wealth fund, is considering selling a stake in national carrier Gulf Air as it eyes more liquid investments.
Investors need to know source of hedge fund returns advises AQR
Institutional investors need to be able to clearly define where returns are coming from in their hedge fund portfolios, whether it be alpha, hedge fund beta or market beta, and be conscious of the fees for each return source, principal and co-founder of AQR Capital Management, Cliff Asness, told delegates at the Fiduciary Investors Symposium
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