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.
Greater US government ownership of Citigroup could bring a dilemma to one of the troubled bank’s major stakeholders, the Government of Singapore Investment Corporation (GIC), according to US financial services consultancy Aite group. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Sovereign wealth funds (SWFs), with assets of about US$5 trillion, see Brazil, China and areas of Central America as the most attractive geographical regions for investment, while 70 per cent plan to increase their allocations to equity markets in the second half of the year, according to new research by Financial Dynamics International (FDI). mrec4inarticleinline
Pension funds could soon hold bargaining power over funds managers, particularly in the alternative asset classes, with asset management fees predicted to decrease in 2009 and beyond. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Endowments and foundations need to adapt their investment policies to incorporate more short-term alterations as a way to meet liquidity challenges presented by the global financial crisis, according to new research by Russell Investments. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The US$161 billion California State Teachers’ Retirement System (CalSTRS) is set to vote next week on a proposal which would see $6 billion tactically invested in the debt markets, as well as the conception of a new “innovation portfolio”. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Canada’s ministry of finance will begin public consultations on the legislative and regulatory framework for federally regulated private pension plans in mid-March. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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