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Editorial

Hedging your bets? Back innovation for wealth creation

In 2012 there were 31 hedge fund managers on the Forbes 400 list, representing about 8 per cent of the wealthiest people in the US, up from 6 per cent the year before. Wealthy people on the whole don’t interest me, but innovation does. And the creation of wealth, and the creation of jobs and […]
Uncategorised posts

Governance, Gonski style

Since becoming chair of the $80-billion Future Fund in March, David Gonski has set an agenda to act like a public company chair. An element of that vision is to very clearly delegate to management. “The general manager has been elevated to a managing director and the six-monthly announcements will be his,” he says. Another […]
Investor Profile

Faith in ethical investing

Received financial wisdom holds that the price of virtue for ethical investors is lower returns. It all depends on the time frame, argues Tom Joy, director of investment for Britain’s Church Commissioners, who manage the Church of England’s £5.2-billion ($8.38 billion) pension fund. The Church Commissioners, as fund managers who are ultimately accountable to God, […]
Governance

Overseeing complexity with Rotman-ICPM

A week-long Board Effectiveness Program with peers from around the globe, including those from Canada’s HOOPP and Denmark’s ATP, has given AIMCo board member, Andrea Rosen, a new perspective on best practice. In a business environment where most people are working harder, multi-skilling, facing lower-than-necessary resourcing, staffing and margins, a week-long course could be viewed […]
Uncategorised posts

Singapore’s GIC stashes cash

The Government of Singapore Investment Corporation (GIC) is stockpiling cash as it positions itself to take advantage of any potential opportunities, lifting its cash allocation from 3 per cent at the start of 2011 to 11 per cent of its total portfolio by the earlier part of this year. The sovereign wealth fund’s chief investment […]
Uncategorised posts

Governance disclosure needs nutrition label

Pension funds should disclose their governance arrangements using a methodology similar to a nutrition label, with members easily able to compare the transparency and accountability of fund standards, a leading corporate-governance expert from Yale says. Dr Stephen Davis, the executive director of Yale School of Management’s Millstein Centre for Corporate Governance and Performance, has called […]
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