Retirement is a recent phenomenon in history and has acquired several preconceptions around a typical experience. This thought-provoking session explores the reality of ageing in the 21st century and the contemporary needs of members. After this session the question has to be asked, what will we call this conference next year?
Participant: Paul Gordon, Co Author Spenditude, Principal Aon’s smartMonday
Facilitator: Alex Proimos, head of institutional content, Investment Magazine
Length: 23 mins
In a high-level exchange between two of the world's largest and most sophisticated asset owners, CPP Investments’ chief executive John Graham shared a leadership lesson with Norges Bank Investment Management chief executive Nicolai Tangen: having an aligned senior team is one of the most critical things a leader can build. The two funds, which are consistently leaders in transparency, also exchanged playbooks on managing bureaucracy at large organisations.
The financial crisis has placed defined contribution (DC) pension provision firmly under the spotlight. The dramatic falls in fund values observed for most members during 2008 have been drawing attention to the risks inherent in DC pension provision and focusing attention on how employees, employers and plan fiduciaries can better manage their DC pension plans.
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
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.
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
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
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
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