The Norwegian government is trying to balance financial returns with sustainable development in regulating the GPFG, and the possibility of applying this model to other sovereign wealth funds (SWFs) and institutional investors in general. In this paper for the University of Oslo, Adjunct Professor Anita Halvorssen argues that sustainable development needs to be included in the newly adopted Generally Accepted Principles and Practices (GAPP/ Santiago Principles) for SWFs.Click through to research paper here
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Norway aims for ‘green’ returns
Anita Halvorssen, balance returns with sustainability, Norway GPFG
Research
GIC, Temasek eye trillions of growth in climate adaptation market
Singapore’s two largest asset owners, GIC and Temasek, see attractive opportunities in climate adaptation solutions – a relatively underfunded area compared to decarbonisation. The former has already made selective adaptation investments and said the opportunity set across public and private debt and equity could increase to $9 trillion by 2050.
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Decision making in the pension fund board room
This research examines the extent to which decision-making by pension fund trustees is affected by behavioural biases, by using a vignette-method field experiment among Dutch trustees. It finds that trustees display choices that accord with the phenomenon of loss aversion and allow their choices to be affected by the forces of social comparison: the reserve
Do managers walk the talk?
Research by Mercer and the IRCC Institute looks at the investment horizon of active long-only equity managers across different geographies and styles, examining the mismatch between the time-horizon over which managers think and say they invest and how they actually invest. It gives some insight into the causes, consequences and possible solutions to short-termism. mrec4inarticleinline
Why credit matters
In this updated paper, Janus expands on the emerging themes in the fixed income market, highlighting that important factors in 2010 include rising interest rates, spread tightening and the US government’s support of the mortgage market, which all have potentially serious implications for yield-seeking investors.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Do hedge funds’ exposures to risk factors predict their future returns?
This research examines hedge funds’ exposures to various financial and macroeconomic risk factors with the results indicating a positive and significant link between default premium beta and future hedge fund returns as well as a negative and significant link between inflation beta and future hedge fund returns. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Decentralised investment management: evidence from the pension fund industry
This new research from the Pensions Institute at the Cass Business School studies the effect of decentralised investment management, including the use of multiple competing managers in specialist asset classes, on the risk and performance of pension funds. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Europe’s instos need ‘thorough rethink’ on regional splits
This latest research by MSCI Barra Research analyses the equity allocations of European institutional investors, arguing the practice of separating international equities allocations into regional mandates at a strategic level “deserves a thorough rethink” mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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