Recommended For You
Based on your reading history and profile
CalPERS assumes lower returns
CalPERS has set its latest four-yearly capital market assumptions, that feed its strategic asset allocation. The $323 billion fund expects lower returns and more volatility.
The OECD’s plan for long-term investment
G20 financial ministers and central bank governors welcomed the findings of the G20/OECD roundtable on institutional investors and long-term investment last month, which included clear plans to incentivise institutional investors to undertake more long-term investments. The roundtable, “From solutions to actions: implementing measures to encourage institutional long-term investment financing”, held in Singapore recognised that long-term
A guide to long-term mandates
Focusing Capital on the Long Term has published a paper with 10 things asset owners and managers can do to negotiate deals that align their incentives – and thinking – with longer time horizons.
How to allocate assets to combat climate risk
Mercer’s extensive climate change report, launched today, gives investors a practical framework for monitoring and managing climate risk, shifting the discussion from philosophical agreement to practical investment implementation. In Investing in a time of climate change Mercer outlines extensive dynamic investment modelling that analyses changes in the return expectations of assets between 2015
Board make-up matters
The more political appointees and worker representatives sit on US pension fund boards, the more those funds will respond to incentives that encourage riskier investing, research has found.
Agent provocateur
Paul Smith, the Hong Kong based chief executive of the Global CFA Society is on an evangelical mission to change the culture within the investment industry. Not only is he looking to curb the frequency of excess behaviour that leaves the public cynical of high paid finance professionals, but he is a persuasive advocate for
AP7 accelerates equity returns with leveraging
The SEK150-billion ($22-billion) AP7 fund supplies the cream on the top of the Swedish public pension system. It essentially delivers premium pensions (in addition to the much larger pay-as-you go component) with a generous dose of equities. It has been able to further sweeten its offering by leveraging the main chunk of its portfolio. AP7
Risk management’s next level
UC Regents’ Risk Management 3.0 aims to be a better predictor of financial crises, by going beyond historical trends and stress testing, to look at how people and systems behave under pressure.
CERN fund: the collision of investment ideas?
Its core business involves expanding the realm of science by beaming particles close to the speed of light and it invented the web – as we know it – as a nice little side project. You would perhaps then expect the CHF 3.6-billion ($3.9-billion) pension fund of the European Organisation for Nuclear Research, CERN, to
Asset Allocation