I speak to Matt about his wonderful collection of old (retro?) computers but also all about the challenges of defining an ethical framework for algorithms, and what we can do to understand this tricky area.
The twin forces rewriting the rules of investing
Portfolios built for the old world will be severely tested as emerging forces rewrite the rules of investing. The Fiduciary Investors Symposium heard that geopolitical and macroeconomic upheaval, together with the disruption wrought by AI, should force asset owners to rethink the structure and composition of portfolios.
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CalPERS and CalSTRS lose a quarter of their assets
America’s two largest pension funds both lost around a quarter of their market value in the fiscal year ended June 30, in what was the biggest ever single year decline for CalPERS. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
CalPERS to senate: hedgies with US assets should register with SEC
In his testimony to the US Senate on the regulation of hedge fund and private equity managers, Joe Dear, CIO of CalPERS, said that all managers of US assets should be subject to SEC oversight, and that alternatives should not bear the brunt of blame for the crash, as regulatory shortcomings are now also evident.
NYC pension funds divest from Iran
The five New York City pension funds selling shares worth $10.8 million in two companies with business ties to Iran have been asked to adopt resolutions for the phased divestment of holdings in eight more companies with ties to the country which, in total, have a market value of more than $141 million. mrec4inarticleinline Sponsored
Working hard for the money: funds managers need to self examine
Investment skill is rare, but it does exist, however investment professionals are neglecting their responsibility to improve and cultivate that skill by lacking the tools to self analyse and improve. Amanda White spoke to Rick Di Mascio, chief executive and founder of Inalytics, about the process of improvement. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Back to basics as CalSTRS rethinks active/passive mix
The board of CalSTRS, the second biggest fund in the US, has three broad research initiatives for the investment team this year: rethinking active versus passive and the mix of internal and external management; commodities; and liability – driven investments. Chief investment officer, Chris Ailman, spoke to Amanda White. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Alternative sought to EU manager directive
The UK Treasury has taken aim at the European Union directive to impose equivalence tests upon foreign alternatives managers, urging institutional investors to join the debate – and for managers to curb inflammatory remarks and stick to the argument at hand. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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