Tim Hodgson imagines a future where portfolios are managed to risk, return and impact goals via a total portfolio approach that puts every investment into a competition to best meet those goals. He outlines some questions to guide portfolio actions to get there.
CalPERS has adopted 10 preliminary investment principles following a board offsite in July, but a number of topics, including the role of active management, are still under debate ahead of the September board meeting that is the deadline for the principles’ adoption. The $266-billion Californian fund began the process for establishing investment principles in January
Wall Street is not normally synonymous with sustainability. But today, the United Nations Secretary-General Ban Ki-moon will ring the closing bell at the New York Stock Exchange to welcome NYSE Euronext into the Sustainable Stock Exchanges Initiative, joining NASDAQ OMX and leading emerging market exchanges from Turkey, South Africa, Egypt, Brazil and India. Why would
This paper from Matt Dobra and Bruce Lubich, of the Methodist University in North Carolina and the University of Maryland University College, respectively, analyses the relationship between governance, asset allocation, and risk among state and local government-operated pension systems in the United States of America. It is argued that governance influences investment decisions and risk profiles of public
“We have to move faster than our competitors,” says the chief executive of French retirement fund Union Mutualiste Retraite, Charles Vaquier. It is a phrase that you can hear uttered by business leaders at all sectors and levels, but one that institutional investors rarely emphasise. In chatting about its investment strategy, it soon becomes apparent
At the International Centre for Pension Management’s biannual meeting in London, Jack Gray and Generation’s David Blood had a tête à tête on sustainability. An academic at the Paul Woolley Centre for Capital Market Dysfunctionality at the University of Technology Sydney, Gray has written a paper, Misadventures of an Irresponsible Investor, that at its core
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Sustainability Digital – Sept 2021