Is innovation in finance a good thing?

Innovation is usually viewed by economists as a pr
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La Caisse’s oil exit pays off as renewables portfolio pulls ahead of fossil fuels

La Caisse’s oil exit pays off as renewables portfolio pulls ahead of fossil fuels

Divesting from the oil sector has been a boon for La Caisse’s performance, as the Canadian pension giant says its energy investments have earned billions in value-add compared to the benchmark since the inception of its climate strategy. Head of sustainability Bertrand Millot unpacks the fund’s approach in an interview with Top1000funds.com.

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Finding risk: First State Super

A decade of ultra-low rates and mediocre growth does not mean that every year will yield low returns for investors, according to Damian Graham, the CIO of First State Super one of Australia's largest institutional investors. He talks about how to get enough risk in the portfolio.

Size matters: diversity across factors

The size factor has recently come under attack from smart beta providers because its performance has lagged behind other factors. A common recommendation is to remove size from the factor menu, to give more weight to factors with better performance. But due to its low correlation with other factors, size offers substantial diversification benefits.

A factor revolution in unlisted

In this third and final article on the EDHECinfra/G20 survey of infrastructure benchmarking practices the role of infrastructure investment benchmarks for the purpose of risk management is discussed.

Understanding US/China relations

Understanding the fractious relationship between US and China is more important– and simultaneously more confronting – than it has been in the past, according to Stephen Kotkin, professor of history and international affairs at Princeton University. While the China investment challenge has always been to capture the aspirational middleclass, the high-profile historian says “the big money that’s going to be made in China is going to be made from the dislocation”.

Relationship built on knowledge transfer

A knowledge exchange between the State of Wisconsin Investment Board and its manager, Parametric, has seen the fund become comfortable understanding the instruments involved to manage a chunk of its total levered allocation in-house.

Do mega private equity funds deliver?

Are private equity mega funds in a category by themselves? Cambridge Associate's Andrea Auerbach argues they are, but not for the reasons that investors may think.

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