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
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
In its most simple form, CalPERS defines sustainability as the “ability to continue”. This year CalPERS turns 80 and clearly “continuing” is something it wants to do. The strategy paper, presented to and endorsed by the board, explains the fiduciary framework the fund has adopted to integrate sustainability across the entire fund and sets out
A practical guide to good governance for pension board trustees was one of the results of the Rotman ICPM Board Effectiveness Program which included participants from 21 funds from nine countries.
The Florida State Board of Administration (SBA) looks set to reject substantial governance reforms recommended by its consultant, Crowe Horwath.
CalPERS is undertaking sweeping changes to the way its board operates as part of a package of governance reforms to be rolled out in the coming year.
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