CalPERS to move $1bn fixed income in-house
CalPERS plans to move $1 billion of its externally-managed international fixed income portfolio in-house in the next 12 months, but it will require board approval to do so.
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Conventional indexes still popular
A new EDHEC-Risk Institute survey of 104 European institutional investment professionals analyses the current uses and views on equity and fixed-income indexes.
Pimco’s predictions take a pessimistic turn
Pimco has warned that its outlook for the global economy has declined sharply in recent months, predicting the world will enter a two-to-five-year period of instability as governments seek to address economic imbalances.
Harvard favours emerging markets and absolute returns over fixed income
Harvard Management Company (HMC), which manages the $32 billion Harvard endowment, has made significant alterations to its policy portfolio, including increasing allocations to emerging market equities and the externally-managed absolute returns program, while slashing fixed income allocations.
Investors need to look beyond current crisis and plan for future inflation risk
Investors should be looking past a “safe haven mentality” and be structuring their portfolios to deal with the possibility of a looming risk of inflation in the longer term, says Ed Britton, Towers Watson’s global head of fixed income manager research.
Active management vital to manage sovereign risk
In an era of downgrades managing sovereign risk is a growing concern, and in the current environment investors need to actively manage their fixed income portfolios, says Russell Investment’s Andrew Pease.
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