Asset Owners Take Aim at Governance, Climate Risks
Railpen raises “significant concerns” about the Reckitt Benckiser board, as CalPERS brings climate risk reporting to Rio Tinto.
Risk
Tell Your Board to Get Real, Managers Warn
It’s hard. Do it anyway, say execs from Prudential, State Street, and Strategic Investment Group, plus Nouriel ‘Dr. Doom’ Roubini.
Half of Largest Investors Ignoring Climate Risks
An index of the world’s 500 largest asset owners shows that many are doing little or nothing to address climate change risks.
Low-Vol Investors: Beware of Rising Rates
Low-volatility investing is “just a bet on falling interest rates,” according to Greenline Partners.
The Accountability Principle
Current performance attribution models can be improved by holding individuals accountable, explains AlphaEngine’s Arun Muralidhar.
Risk On, Brain Power Up
Dealing with funding shortfalls will require greater risks, but many pension professionals are worried their funds don’t have the knowledge base needed.
SWFs, Pensions Double Down on Tech
A State Street survey of sovereign wealth funds and public pensions finds technology and data capabilities lacking.
How Yale Manages Climate Change
David Swensen demonstrates how managers have—and haven’t—engaged with his team’s efforts to address greenhouse gas exposure.
Time for a New Volatility Model, Says Hermes
There is no such thing as a “normal” distribution when it comes to market price movements, the asset manager claims.
Legal & General Seals Second US Pension Buyout
The insurer expands its American pension-risk transfer business with a $65 million deal with the Diocese of Palm Beach.
Consultants: A Barrier to ESG?
While managers and asset owners slowly come around to the idea of ESG investing, investment consultants are the laggards, according to the UN.
Investors Aren’t Countercyclical—But They Should Be
Return chasing is rampant among US pensions, endowments, and insurers, the International Monetary Fund has found.
Why Politics Has No Place on Pension Boards
Elected officials, politician-appointed trustees, and their low financial expertise exhibited poor returns in private equity, research has found.
L&G Backs £230M De-Risking Deal
The medically underwritten transaction is the biggest of its type in the UK to date.
Asness: Factors Could Be ‘Arbitraged Away’ by ETFs
“We can’t all tilt one way,” the AQR founder explained at an FEG investing conference.