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Don’t let distractions thwart ESG focus
Potential deregulation will tempt investors away from ESG strategies in 2017. But MSCI advises that physical risks and Asian transitions show the wisdom of staying focused on the long term.
Aligning asset owners and managers
Delegation is a fundamental obstacle to the alignment of asset-owner and asset-manager goals. However, Sebastien Pouget, professor of finance at the University of Toulouse, believes a combination of customised performance benchmarks and a dual short and long-term fee incentive can help overcome the problems of the principal/agent relationship. Pouget, who spoke at the recent United
GPIF continues equities rampage
The giant Japanese pension fund, the Government Pension Investment Fund, continues its quest to move from bonds into equities and shift around 30 per cent of assets, or around $327 billion, out of domestic bonds and short term assets, appointing four new equities managers. The new asset allocation, approved in October last year, sees the
Coal pension burns for cash flow
Coal Pension Trustees Services includes a sizeable allocation to equities and is making a move into illiquid sectors such as shipping assets – ‘floating property’ – to generate cash flow.
What’s the impact of the stock:bond correlation?
The correlation between stocks and bonds in a rising interest rate environment can turn positive. So given the likelihood of a rate rise, what should asset allocation look like if investors are forward looking? One of the growing trends in asset and risk allocations is to adopt a forward-looking view driven by macroeconomics, rather
NZ Super: on a higher plain
Self-reliance on asset allocation and employing a partnership style with its managers – based on the mutual exchange of ideas – are the cornerstone of New Zealand Super’s evolved investment approach founded on the confidence of its investment ideas. David Rowley visited the NZ$29.6 billion fund to find out how it does this. On the climb towards the
Swiss investor gets real
Publica, one of Switzerland’s largest investors, is reallocating assets away from government bonds into real assets as it dynamically adjusts asset allocation due to macro-economic instability.
LSE fiduciary investor think tank
Investors were challenged to think differently about their portfolios by the latest academic thinking from the London School of Economics at a one-day investment roundtable in London last week. Chief investment officers from UK and European public and corporate pension funds convened at the London School of Economics for a highly interactive one-day investment
Sustainability