This session drew on themes of the conference and discuss with asset owners what the portfolios of the future will look like, particularly examining how investors plan to build robust portfolios to meet changing investment regimes.[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Dan%20Bienvenue%22%2C%22job_role%22%3A%22interim%20chief%20investment%20officer%2C%20CalPERS%20(United%20States)%20%22%2C%22content%22%3A%22Dan%20Bienvenue%20assumed%20the%20role%20of%20interim%20chief%20investment%20officer%20in%20August%202020.%5CnHe%20oversees%20an%20investment%20office%20of%20nearly%20400%20employees%20and%20manages%20investment%20portfolios%20of%20roughly%20%24400%20billion%2C%20including%20the%20Public%20Employees%E2%80%99%20Retirement%20Fund%20and%20affiliate%20funds.%5CnAs%20deputy%20chief%20investment%20officer%2C%20Dan%20oversees%20total%20fund%20investment%20and%20operational%20strategies%20and%20collaborates%20with%20the%20managing%20investment%20directors%20and%20their%20teams%20to%20implement%20asset%20allocation%20and%20investment%20strategies.%20He%20also%20oversees%20the%20investment%20office%E2%80%99s%20business%20management%20needs%2C%20including%20strategic%20planning%2C%20financial%20reporting%2C%20expense%20management%2C%20and%20talent%20management.%5Cn%5CnHe%20joined%20CalPERS%20in%20September%202004.%20During%20his%20tenure%20he%20has%20held%20several%20leadership%20roles%20with%20the%20investment%20office%2C%20including%20concurrent%20roles%20as%20the%20interim%20chief%20operating%20investment%20officer%20and%20managing%20investment%20director%20of%20global%20equity.%20He%20served%20as%20the%20managing%20investment%20director%20overseeing%20global%20equity%20from%202014-20%2C%20and%20as%20senior%20portfolio%20manager%20in%20internal%20equity.%5Cn%5CnPrior%20to%20CalPERS%2C%20Bienvenue%20was%20a%20principal%20and%20senior%20portfolio%20manager%20with%20Barclays%20Global%20Investors%20(BGI)%2C%20leading%20an%20international%20equity%20portfolio%20management%20team%20responsible%20for%20%2455%20billion%20across%20developed%20and%20emerging%20markets.%20Before%20BGI%2C%20his%20work%20experience%20includes%20sales%20and%20trading%20in%20the%20analyst%20program%20with%20J.P.%20Morgan%20Securities%20in%20New%20York.%5CnHe%20graduated%20Phi%20Beta%20Kappa%20with%20a%20bachelor%E2%80%99s%20degree%20in%20economics%2C%20cum%20laude%2C%20from%20the%20University%20of%20California%2C%20Davis%2C%20where%20he%20was%20an%20Academic%20All-American%20in%20wrestling.%20He%20also%20holds%20both%20the%20CFA%20and%20CAIA%20charters.%22%2C%22image%22%3A%2247093%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fdan-bienvenue-7031a15%2F%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” 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title=”Moderator” el_class=””][vc_empty_space height=”10px”]
The world has two decades to find the solutions to keep warming to below two degrees, otherwise we are likely to cross two degrees and need to plan for risk associated with two point five or three degrees.
He said the number of corporate commitments to tackle climate change will increase in line with customer demand for more action.
On one hand innovation will comprise “sustained innovation” of existing technology. In contrast, “disruptive innovation” comprises new technology that is initially expensive but then becomes cheaper.
Innovation also depends on companies being able to tap the infrastructure and supply chains they need to thrive.
In early-stage investment, the focus is on feasibility and the extent to which a new product is cost effective or competitive. In the next stage access to a supply chain and infrastructure becomes a priority.
Investment in pioneering sectors involved working with teams that understand the technology, regulatory barriers and supply chain risk as well as an understanding of the policy needed to create these markets.
‘The Hare and the Tortoise’, a well-known Aesop’s fable, does not have much in common with ‘An Imperial Message’, a less-well-known story from Franz Kafka, but combined they may tell us something about current reactions to the unsettling world which the global financial crisis has thrown investors into.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
In a sign that ESG issues are becoming a greater concern in China, the country’s first ESG index will launch this Friday as a joint venture between the main Shanghai exchange and an Italian research company.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Asian IPOs, core retail real estate and natural resource investments are the most favoured by the world’s sovereign wealth funds for the next three months, according to a ‘consensus demand meter’ produced by the Sovereign Wealth Fund Institute in the US.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Managing director for Rogerscasey and former CIO of the Kentucky Retirement Systems, Adam Tosh, looks at the pension challenges facing state and local governments.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The China Investment Corporation has recovered all of its $5.3 billion invested in a US money market fund, the Primary Fund, which collapsed and suspended redemptions in 2008.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The BP oil spill in the Gulf of Mexico is not only the most devastating environmental disaster ever in the US, it raises issues around energy policies which continue to evolve. A client note from Russell Investments says energy stocks will continue to reflect the impact of the disaster and investors may well look at
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