In analysis completed for the Norwegian Ministry of Finance, Mercer has conducted a survey of active management, assessing the use and performance of active management at the total fund and asset class levels for 14 pension funds with combined assets of $950 billion, including eight funds from Europe and three from North America.
Mercer, Norwegian Ministry of Finance
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CalPERS has negotiated about $20 million in annual cost savings through a reduction of fees in its alternatives manager program and millions saved through a renegotiated contract with UBS.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Despite institutional investors predicting that returns for property will fall over the next two years, high-quality, core US real estate remains an attractive investment opportunity, says Greg MacKinnon, the head of research at the Public Real Estate Association.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Asset owners are increasingly putting pressure on their asset managers to abide by the CFA asset manager code of professional conduct, with one CIO stating that managers who do not comply could be penalised in the future.
CalPERS has raised concerns that California Governor Edmund G. Brown Jr’s plan for a hybrid defined contribution (DC) and defined benefit (DB) public pension system could lead to a more conservative investment strategy and threaten the actuarial soundness of its existing DB scheme. The $225.2 billion fund released a working paper on Governor Brown’s 12-point
Popular movements seem more likely to emanate from camped-out protesters than boardrooms, but a new organisation headed by Hermes Fund Managers acting chief executive officer Saker Nusseibeh has the ambitious aim of radically reforming the investment industry.
The Florida State Board of Administration (SBA) looks set to reject substantial governance reforms recommended by its consultant, Crowe Horwath.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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