The qualities of successful stewardship

Three dirty firemen returning of a searching operation in Córrego do Feijão - place of Brumadinho city that was destroyed by mud after one of Vale's dam breakdown.

The Investor Mining & Tailings Safety Initiati
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CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS’ three-and-a-half-year overhaul of its $242 billion global equities portfolio has delivered the program’s highest alpha in almost three decades, after the pension giant deployed $65 billion back into active strategies and dramatically tightened manager selection.

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CIOs ride the corona storm

Even for long term investors who pride themselves on the big picture and horizons stretching far into the future, the unprecedented change of recent weeks is hair-raising. Enough liquidity on hand to take advantage of buying opportunities once they arise and comfortably pay benefits is crucial. We look at the strategies of investors around the world in response to the market conditions.

Coronavirus could trigger credit crisis

A former adviser to the US Federal Reserve, Danielle DiMartino Booth, said increased volatility in bonds and turmoil in the money markets from the outbreak of the coronavirus could signal a looming credit event despite the Fed’s latest bid to inject liquidity into the system.

PFA navigates corona storm

In the six months Kasper Lorenzen has been CIO of the Danish fund, PFA, he has made moves in investment and decision-making that have resulted in the fund weathering the short-term coronavirus storm. He is however, wary of the long-term structural changes particularly to patterns of globalisation.

Time for a coordinated approach

The US Federal Reserve has fired its last round of ammunition, cutting interest rates to zero, in a move that continues to see it play from the monetary policy songbook. Some market commentators doubt whether it will be enough to prop up markets, raising the question of whether it is finally time for a more coordinated fiscal and monetary policy approach.

It’s a drag: why TPA is superior to SAA

A total portfolio approach overcomes the governance, benchmark and inertia drags inherent in strategic asset allocation, and can add returns of 50-100 basis points above SAA, according to global head of investment content at Willis Towers Watson, Roger Urwin.

The rise of the Sovereign Wealth Fund

In the past 20 years the number of SWFs has grown from 20 to more than 100 with their assets estimated to grow by $500 billion a year. So where do they invest and what impact are they having on the market? Sarah Rundell investigates.

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