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CalPERS’ chair leaves legacy of responsibility
Henry Jones, who will resign as president of the CalPERS board on January 21, leaves behind a new mindset at the fund of tackling big systemic issues including sustainability and racism.
Why institutions bypass hedge FoFs
More first-time investors in hedge funds are allocating to the strategies directly, rather than choosing hedge fund-of-funds (hedge FoFs), as investment talent circulates among institutions and investors observe the passive approach that many hedge FoFs apply to their portfolios. Simon Ruddick, managing director of hedge fund consultancy Albourne Partners spoke with Simon Mumme about this
Foundations should invest for impact
Inequality and the climate crisis are market-based problems that need market-based solutions. What is the role of foundations in solving such problems?
Climate tops risks, complicated by pandemic
Climate action failure tops the World Economic Forum’s Global Risks Report 2022 as the number one long-term threat to the world. The pandemic has added further complication with the resulting divergent economic recovery threatening the collaboration needed on climate and other global challenges.
Dismantling DEI: Investors weigh the risks
Six months on from President Trump’s executive order to dismantle once mainstream DEI programs, institutional investors reflect on concerns regarding returns, recruitment and engagement. Top1000funds.com surveys a variety of views amongst the disruption arguing it is an opportunity to reframe the issue and articulate what DEI means.
Creating system value
The returns we need can only come from a system that works; the benefits we pay are worth more in a world worth living in, argues Marisa Hall from the Thinking Ahead Institute.
Liquidity, rebalancing reign at PSERS
Cash is king right now, according to CIO of the Pennsylvania School Employees’ Retirement System, Jim Grossman, and he’s got plenty of it. The fund has a very diversified asset allocation, with about half the portfolio invested in liquid assets and Grossman and his team are working hard to make sure that the strategic allocations are maintained.
Recapitalisation and recovery in the REIT market
The REIT market will not consistently outperform the broader equity and fixed income markets has it has done for thepast 20 years, according to this research by Mercer Real Estate Boutique’s David Nix and Michelle Reuter, but there will be pockets of opportunity ripe for stock pickers.
CalPERS expands engagement
CalPERS plans to send a written request to up to 58 of its largest domestic company investments to adopt a majority voting standard in uncontested director elections, following an increase in the number of shareowner proposals that staff have been delegated to submit at CalPERS portfolio companies.
Governance