Poor communication and differing incentives between politicians and national wealth managers are undermining performance, argues global head of official institutions at BNP Paribas Investment Partners, Gary Smith.
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Serving the servants: politics is hampering national wealth management
BNP Paribas Investment Partners, Gary Smith
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French SWF picks Mubadala for first co-investment pact
The French economy will be the target of future co-investments by the nation’s $US28 billion sovereign wealth fund, the Fonds Strategique d’ Investissement (FSI), and the $US10 billion Mubadala Development of Abu Dhabi, after the two investors forged a strategic partnership this week. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
For smarter portfolios, look for better beta
The EDHEC Risk and Asset Management Research Centre and the CFA Institute held an annual three-day seminar on advances in asset allocation in New York in early May. One of the main themes of the seminar was how investors align their long-term time horizons within short term constraints. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Longevity swaps now part of the risk tool set
Engineering firm, Babcock International, is the first UK firm to use a longevity swap to hedge against life expectancy risk in its pension scheme. Amanda White looks at the use of longevity swaps as a risk management tool. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Better beta strategy bridled by maverick risk
CalPERS has led the charge in the adoption of fundamental indexing, but the concept has a long way to go before it challenges the conventional cap-weighted strategy. Michael Bailey spoke to chairman of Research Affiliates, and one of the originators of fundamental indexing, Rob Arnott. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Abu Dhabi funds advance on JVs with Western investors
The strategic investment arm of the Abu Dhabi government, Mubadala Development, has built its stake in joint-venture partner General Electric (GE), bringing it closer to reaching its stated aim of being a top 10 shareholder in the US conglomerate, while the Abu Dhabi Investment Company (ADIC) and UBS Global Asset Management (UBS GAM) reached a
US plays catch-up, institutions applaud “say on pay” reforms
Institutional investors in the US, including the largest pension fund in the country, CalPERS, have applauded the introduction of the Shareholder Bill of Rights which includes reform to allow long-term investors to nominate their own director candidates on the management proxy card. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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