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The importance of resilience
Already OPTrust’s portfolio can best be described as resilient. But CIO James Davis, who started his career in October 1987, expects global macro economic changes from this crisis that we have never seen before and he wants to position the portfolio for whatever is around the corner.
Indian festivities glisten as pension funds consider gold
Uncertainty about whether inflation or deflation is the greater threat in the US and Europe, coupled with record prices for – and individual investor buying of – gold, have prompted an unusual level of interest in the yellow metal by pension funds.
How leading asset owners maintain TPA discipline
Rolling out a total portfolio approach is rarely a linear process, as even its most experienced practitioners warned that without careful resistance to old language, culture and structure, asset owners can easily slide back into the “comfort” of strategic asset allocation. A new report unpacks how leading funds stay disciplined.
Islamic laws highlight government fund restrictions
Malaysia’s $130 billion Employees Provident Fund plans to expand its global Islamic bond program by about 50 per cent this year in a move which highlights some of the challenges faced by fiduciary investors at many of the world’s government-controlled funds.
CalPERS to fight lower-return future
Investment staff and four selected consultants expect CalPERS’ returns will be less than the fund’s current 7.75 per cent – a finding on the agenda of a special investment workshop next week, alongside static versus dynamic asset allocation and the use of leveraged bonds.
Railpen positions for fiduciary future
Michelle Ostermann, managing director of investments at the £30 billion Railpen discusses the pension fund’s continued evolution including ongoing organisational change, more assets in-house, a new investment decision making framework, and an increased allocation to private assets.
Asset owners’ role in blended finance
The challenge of matching long-term investing with development needs in emerging and developing countries is discussed by Georg Inderst who suggests it might be time for asset owners to look at their role in blended finance.
Growth equities to shine in 2023 if interest rates stabilise
For investors who believe interest rates will stabilise in 2023, growth equities such as electric vehicles, emerging markets fintech and some luxury brands could be strong investment prospects, according to equity portfolio specialist Raj Shant from Jennison Associates.
Global search begins for CEO of $166b Australian Retirement Trust
Recruitment firm Egon Zehnder has been appointed to do a global search for the next CEO of the Australian Retirement Trust following the resignation of Bernard Reilly two years after the pension fund’s formation by the merger of Sunsuper and QSuper.
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