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Emerging Markets

Active management and ideal weighting in emerging markets

From a strategic asset allocation point of view, AustralianSuper is one of the most aggressive investors in emerging markets, particularly Asia. About a quarter of the $43-billion fund is in international equities, and nearly half of that is in emerging markets. Equities is the vehicle for AustralianSuper’s emerging market exposure because growth remains the reason […]
Amanda WhiteJuly 12, 2013
Uncategorised posts

Montagnon defines investor engagement

There is scope for European legislation directing asset owners who issue mandates to service providers in Europe to say that they have “thought through” what they want their asset managers to engage with companies on, ICGN conference delegates heard. Peter Montagnon, senior investment adviser of corporate governance at the UK Financial Reporting Council, says there […]
Amanda WhiteMarch 6, 2013
Uncategorised posts

Fund “heads in sand” on climate risk

An Australian superannuation fund with A$6.6 billion ($6.9 billion) under management has achieved number-one ranking in a global survey of how the world’s top 1000 retirement funds, insurance companies and sovereign wealth funds are responding to climate risk. Sydney-based Local Government Super (LGS) has received the top ranking in the inaugural Climate Index of the […]
Lachlan ColquhounJanuary 9, 2013
Investor Profile

Understanding complexity at BCIMC

On the first page of the British Columbia Investment Management Corporation (BCIMC) annual report is a flow chart titled “complexity and connections”, outlining how the Japanese earthquake and subsequent tsunami and nuclear disaster sent shock waves through the global economy. Understanding complexity and both the risks and potential opportunities that can arise from an increasingly […]
SAM RILEYSeptember 5, 2012
Uncategorised posts

Super standard risk measure

Australian superannuation funds are now required to disclose a measurement of risk to fund members, with trustees encouraged to use a standardised measurement backed by regulators and industry peak bodies. The Standard Risk Measure will provide a rating of a fund’s investment option based on the likely number of negative returns this option is predicted […]
SAM RILEYAugust 29, 2012
Research

New ways to calculate portfolio weights

This paper presents two simple algorithms to calculate the portfolio weights for a risk parity strategy, where asset class covariance information is appropriately taken into consideration to achieve “true” equal risk contribution. Previous implementations of risk parity either (1) used a naïve 1/vol solution, which ignores asset class correlations, or (2) computed “true” risk parity […]
 August 15, 2012
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