News

China Investment Corp '09 Profit Reaches $41.7 Billion

Despite a tumultuous 2008, the CIC outperformed many other sovereign wealth funds following the global financial crisis -- the country's $300 billion SWF upped its net profit to $41.7 billion in 2009 from $23.1 billion in 2008.

From ai5000 Magazine: Cautiously Ahead?

In the wake of 2008, asset owners are hesitantly returning to the securities- lending world. The landscape, however, has changed dramatically since they left.

Venture Capital Firms in a Pickle

Cambridge Associates issued a report showing VC 10-year returns -- considered the most important measurement of the industry -- were negative 3.7% for the period ending March 31.

Pension Schemes Face Difficulties Managing Longevity Risk

MetLife Assurance's survey showed pension fund trustees and sponsors are struggling to effectively manage longevity risk, which ranked second only to the measurement of technical provisions and liabilities in importance for respondents.

From ai5000 Magazine: Playing the Right Game

The active versus passive investment debate has raged within academic circles for decades without resolution. Unfortunately for the world’s asset owners, this has left them wondering what game—Chase alpha? Ride beta?—they should be playing.

From ai5000 Magazine: Risk Parity, or Just Risky?

The consensus: The rise of derivatives and, more recently, extreme equity volatility have driven many asset owners into the arms of risk parity vendors. The debate: Is this a good thing?

OECD Urges Countercyclical Funding Regs to Thwart DB Closures‎

The organization is putting pressure on governments and policymakers to try to avoid relying on current market values when determining contributions and to allow "appropriate levels of over-funding in good economic times," among other recommendations.

From ai5000 Magazine: A Profile of No One

Europeans (effete liberals!) love it. Public pensions and foundations (goody-two-shoes!) like it. Yet, to American corporate defined benefit plans, socially responsible investing—bearded hippies!—has been anathema to their very existence. Will this ever change?

From ai5000 Magazine: Antoine De Salins, CEO, FFR

De Salins, CEO of France's €35 billion Fonds de Réserve pour les Retraites (FRR), spoke with ai5000 in his Paris office about liquidity issues, asset allocation, and, above all, the nuances of responsible investing.