Jason Brady: Investment opportunities during a global emergency

The global macroeconomic environment is different from a generation ago. With cash rates close to zero, and debt instruments diminishing in both yield and defensive characteristics, it is becoming harder than ever to construct income portfolios for retirees. This first quarter of 2020 has seen market volatility and further unorthodox central bank behaviour as the world chooses to shutdown output to contain coronavirus. This session considers both the scope of the challenge for investors and the potential opportunities that exist to navigate this temporary health problem.

Speaker: Jason Brady, chief executive officer, Thornburg Investment Management

Moderator: Alex Proimos, head of institutional content, Investment Magazine

Length: 20 mins

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Finland’s Elo: Larger equity allocations promise new media scrutiny

Finland’s Elo: Larger equity allocations promise new media scrutiny

As Finland's pension funds prepare to increase their equity allocations to unprecedented levels compared to global peers, they must also navigate a new and unfamiliar risk. Elo's chief investment officer Jonna Ryhänen explains the fund's investment approach going forward and how it will manage stakeholder and media scrutiny as they react to swinging volatility and returns.

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The Active-Passive Debate: Bear Market Performance

In this paper by Vanguard Investment Counseling and Research, the performance of active funds in the US and Europe during the seven bear markets since 1970 is evaluated, revealing that the performance of certain market segments relative to the broad market may contribute more to outperformance than manager skill. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

That market’s got style: investing through cycles

Style investing remains a powerful tool in periods of market volatility and, in particular, style analysis reminds investors to be aware of the distinction between overall market risk and stock specific risk. Amanda White spoke with director of Style Research, Robert Schwob. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Risk reduction pays off for ABP

The giant Dutch pension fund ABP’s plan to reduce investment risk as a means of recovery from an underfunded position is paying dividends, with the coverage ratio increasing from 86 to 91 per cent from March to April. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

What the crisis teaches us about sustainability

Institutional asset owners who have signed the UN Principles of Responsible Investing  were told they must make the effort to help pioneer a sustainable economy, in an address from David Blood, co-founder with Al Gore of Generation Investment Management. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

…as New Mexico Governor latest to ban third-party marketers

Bill Richardson has directed the State Investment Office to ban the use of third-party placement agents on investments of the state's Permanent Funds.

CalPERS formally adopts placement agency policy…

CalPERS has officially adopted a placement agent policy, in light of recent pay-to-play allegations at other public funds, and introduced an investment policy for leverage, as its total fund value increased to $177.5 billion as at April 23, up from $169.4 billion at the end of March. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

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