In this episode, Alex Proimos, head of domestic content, Conexus Financial, chats with Rob Pruguel, principal consultant at Callidum Investment Research, about vulnerability as we restart the global economy, consolidation with superannuation and how bigger isn’t always better.
Michael Pettis on China’s overinvestment paradox, and the Japan-style reckoning still to come
China's advanced infrastructure and ballooning debt are two sides of the same story, says Carnegie Endowment nonresident senior fellow Michael Pettis, who compares China's coming consumption-led rebalancing to Japan's in the 1980s. In conversation with Top1000funds.com Asia Pacific correspondent Darcy Song, Pettis unpacks what this means for institutional investors weighing China exposure over multi-decade horizons, and why he remains bearish on the country's outlook.
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Investing in climate change 2010
In this white paper by DB Climate Change Advisors, led by global head of climate change investment research Mark Fulton, the drivers of climate change for 2010 are examined in the context of strategic asset allocation. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Make companies pay for engagement
Businesses should be forced to pay a levy to support robust shareholder engagement, says Peter Butler, chief executive of Governance for Owners (GO), a UK shareholder rights partnership, because effective stewardship will only become a fixture of the institutional investment industry when it carries a big price tag. He spoke with Simon Mumme. mrec4inarticleinline Sponsored
Efficient indices outperform cap-weighted
A new series of efficient indices, launched by FTSE and the EDHEC-Risk Institute, which aims to capture equity market returns with an improved risk/reward efficiency, outperform their market-cap weighted counterparts over five years in every region except Asia Pacific ex-Japan. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
World’s largest DC plan to tender investments
The $244 billion Thrift Savings Plan, the largest defined contribution plan in the world, faces an enormous operational challenge this year as it moves from an opt-in to an opt-out default for US federal employees. Amanda White spoke with executive director Greg Long about the fund’s plans for 2010, which include a substantial investment tender.
Mercer survey compares use of active management
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. mrec4inarticleinline Sponsored
Norway’s largest fund rejects passive management
A complete evaluation of active management including reports by Mercer and an international group of professors, has resulted in the Norges Bank Investment Management, manager of the $375 billion Government Pension Fund-Global, staunchly favouring active management, with the bank’s Governor and executive director of the NBIM describing “a passive, uninformed approach to operational decisions is
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