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” quotes=”%5B%7B%22name%22%3A%22Amanda%20White%22%2C%22job_role%22%3A%22Director%20of%20institutional%20content%2C%20Conexus%20Financial%20%20(Australia)%22%2C%22content%22%3A%22White%20is%20responsible%20for%20the%20content%20across%20all%20Conexus%20Financial%E2%80%99s%20institutional%20media%20and%20events.%20She%20is%20responsible%20for%20directing%20the%20bi-annual%20Fiduciary%20Investors%20Symposium%20which%20challenges%20global%20investors%20on%20investment%20best%20practice%20and%20aims%20to%20place%20the%20responsibilities%20of%20investors%20in%20wider%20societal%2C%20and%20political%20contexts%2C%20as%20well%20as%20promote%20the%20long-term%20stability%20of%20markets%20and%20sustainable%20retirement%20incomes.%20She%20is%20the%20editor%20of%20www.top1000funds.com%2C%20the%20online%20news%20and%20analysis%20site%20for%20the%20world%E2%80%99s%20largest%20institutional%20investors.%20White%20has%20been%20an%20investment%20journalist%20for%20more%20than%2020%20years%20and%20has%20edited%20industry%20journals%20including%20Investment%20%26%20Technology%2C%20Investor%20Weekly%20and%20MasterFunds%20Quarterly.%20She%20was%20previously%20editorial%20director%20of%20InvestorInfo%20and%20has%20worked%20as%20a%20freelance%20journalist%20for%20the%20Australian%20Financial%20Review%2C%20CFO%2C%20Asset%20and%20Asia%20Asset%20Management.%20She%20has%20a%20Bachelor%20of%20Economics%20from%20Sydney%20University%20and%20a%20Master%20of%20Arts%20in%20Journalism%20from%20the%20University%20of%20Technology%2C%20Sydney.%20She%20was%20previously%20a%20columnist%20for%20the%20Canadian%20publication%2C%20Corporate%20Knights%2C%20which%20is%20distributed%20by%20the%20Globe%20and%20Mail%20and%20The%20Washington%20Post.%20White%20is%20currently%20a%20fellow%20in%20the%20Finance%20Leaders%20Fellowship%20at%20the%20Aspen%20Institute.%20The%20two-year%20program%20consists%20of%2022%20fellows%20and%20seeks%20to%20develop%20the%20next%20generation%20of%20responsible%2C%20community-spirited%20leaders%20in%20the%20global%20finance%20industry.%22%2C%22image%22%3A%2245819%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Famanda-white-101a7515%2F%3ForiginalSubdomain%3Dau%22%7D%5D” 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 GMO chief argues why honouring Ben Bernanke is similar to saluting the captain of the Titanic, and why making banks that are ‘too big too fail’ even bigger is sheer lunacy, while identifying other instances in which many of the people enjoying financial incentives, rewards and public praise in the US are unworthy recipients.
Gareth Thomas, Minister of State with the Department for International Development in the United Kingdom, has urged pension funds to help boost private funding for low carbon investments in the developing world, calling on the group of investors at the P8 Summit to consider potential public financing mechanisms emerging from the private sector, including advanced
Chief investment officer of CalPERS, and chair of the Council of Institutional Investors, Joe Dear, has warned of a “reform facade” as memories of the crisis fade and resistance to reform instensifies, calling for a more comprehensive regulatory umbrella, and specifically for most over the counter derivatives to be traded on exchanges, in a speech
When Paul Woolley, academic-turned funds manager-turned academic, set up his research Centre in 2007, the two main associated universities, London School of Economics and University of Toulouse, didn’t like the name. But he insisted and now the Paul Woolley Centre for (the study of) Capital Market Dysfunctionality has a significant body of work in progress.
CalSTRS has named three consultants in its shortlist to act as general consultant, including for the first time Meketa Investment Group, long-time consultant to Harvard Management Corporation and more commonly known as a specialist in infrastructure, under a new tiered approach to the use of consultants introduced by chief investment officer, Chris Ailman. mrec4inarticleinline Sponsored
Russell Investments’ newish president and chief executive, Andrew Doman, the first ‘outsider’ to take the top job, has notched up nine months at the firm. The ex-McKinsey & Co executive spoke to GREG BRIGHT about the evolution of Russell. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Leave a Comment
You must be logged in to post a comment.
Login