The public pension’s OCIO experiment with Salient Partners is reaching a tumultuous end.
A backward-looking, statistical view of risk where volatility dominates does not serve us well, writes former Schroders CIO Alan Brown.
The vetoed bill would allow NYC pension
to up allocations to alternatives and international bonds to 30%.Headlines
The Ministry of Finance has passed oversight for the SWF’s responsible investing to Norges Bank and a five-strong ethics council.Headlines
could reap diversification benefits and higher returns from various asset
classes by combining different factors, the firm has said.Headlines
only are high-frequency traders not trading as fast as expected, they only
impact a fraction of the market, according to Abel/Noser.
Scene + Heard
Delegates at a pensions conference turn up the heat on the regulators.
As institutions slash active mandates, managers on both sides of the active versus passive argument rejoice.
Short-term uncertainties in the commodity markets have led fund managers to build up some dry powder.Headlines
A bill to be scrutinised by the Californian senate in January could lead to forced divestments for the state’s biggest investors.