Linda Gruendken: Cycling in Cambridge and the randomness of markets

I chat with Linda, the lead scientist from GAM Sys
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CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS active equity rebuild delivers highest alpha in three decades

CalPERS’ three-and-a-half-year overhaul of its $242 billion global equities portfolio has delivered the program’s highest alpha in almost three decades, after the pension giant deployed $65 billion back into active strategies and dramatically tightened manager selection.

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WSIB gears up for social and environmental push in private equity

Washington State Investment Board has seen the impact of its expansive private equity program through investee-company employee schemes and climate-focused impact funds. Now WSIB is set to put much more pressure on private equity to integrate ESG in portfolio companies. Sarah Rundell spoke to chief executive, Allyson Tucker.

Beyond traditional asset allocation

Today’s challenging climate has led diversified investors like GIC, Singapore's sovereign wealth fund, to explore different approaches to portfolio construction to build resilience. Grace Qiu and Ding Li, both senior vice presidents in total portfolio policy and allocation at GIC discuss their new research.

Recession “very difficult to avoid” under tightening monetary policy

Randall Kroszner, Federal Reserve governor from 2006 to 2009, praises the Fed for acting decisively to bring inflation under control, but predicts a lot of pain ahead for global markets.

Fundamentally resetting reporting

WTW’s Thinking Ahead Institute has developed an alternative attribution tool giving investors a view on the long-term drivers of performance. Tim Hodgson explains the benefits of the open source tool including improved conversations between managers and asset owners about return drivers and providing clarity on how ESG objectives are managed.

Fama, the father of modern finance, talks stock picking, ESG and democracy

Stock picking is not a solution to today’s challenging investment environment, warned Eugene F. Fama, The Robert R. McCormick Distinguished Service Professor of Finance and 2013 Nobel laureate in economic sciences. Active management run counter to diversification, key in the current climate, he says.

Oil prices set to decline; distortions driving volatility

Europe is in the grip of historically high energy prices today, but markets are pricing in a lower risk premium ahead and the oil price is set to come off, predicted Edward Morse, global head of commodities research at Citigroup.

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