The $71 billion Washington State Investment Board has made a renewed commitment to overweighting emerging markets and private equity, but a comprehensive enterprise-wide risk management framework will help ensure the inherent risks of that strategy remain in check.
With less institutional flows forecast in the next few years, asset managers will need to implement a convincing “fiduciary overlay” to win business from large investors.
The International Forum of Sovereign Wealth Funds held its second annual meeting in Sydney last week. conexust1f.flywheelstaging.com reports on the meeting’s outtakes – including asset allocation and risk management implications.
US public sector funds spend less than half the time and resources on risk management than the average of their global peers according to a survey of 58 funds by Canadian-based CEM Benchmarking.
The Pension Research Council, part of the Wharton School at the University of Pennsylvania, recently hosted the 2009 Wharton Impact Conference, where leading academics, public pension sponsors and their advisors met to examine ways to reformulate and restructure retirement risk management. This is a summary of the proceedings, organised by Olivia Mitchell and Robert Clark.
Barry Schachter, research associate with the EDHEC Risk and Asset Management Research Centre and director, quantitative resources, Moore Capital Management believes the current crisis is a catalyst for change in the conduct of risk management because it has challenged the efficacy of the existing risk management model, but simply imposing regulation is not the change
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