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Harvard 2019

State Street chief predicts decade ahead

Low for ever, a risen China and climate change, are just some of the 10 changes set to sweep through the investment industry in the next 10 years, said Cyrus Taraporevala, president and chief executive of State Street Global Advisors, in his opening speech to 85 asset owners at the Fiduciary Investors Symposium at Harvard University.
Investor Profile

Wisconsin’s data solution

David Villa, CIO of the $110 billion State of Wisconsin Investment Board is worried about the outlook for returns. As a result he’s significantly underweight sovereign bonds in favour of cash. But he’s also positioning the organisation to do better analytics for more complicated portfolios, another result of a low return environment. The fund is working on at least five data and technology projects and has hired a chief technology and operations officer.
Hedge Funds

There’s still alpha in public markets

There is still alpha in public equities markets, says Ron Mock, chief executive of the Ontario Teachers’ Pension Plan, who supports the fund’s allocation to hedge funds. Mock’s “faith” in active management extends to quantitative strategies – with the right managers.
Sustainability

Big data, ESG ratings help find alpha

Companies that deliver on sustainability are starting to trade at a premium and investors need to shop for value. New research, by George Serafeim, professor of business administration, Harvard Business School, shows big data and ESG ratings can combine to find alpha.
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