Risk
CalPERS Board Votes to Increase Portfolio Leverage, Maintain 6.8% Discount Rate
The move is indicative of increasing risk-taking among pension funds across the country.
Tag: portfolio
IIRC, SASB Complete Merger to Form Value Reporting Foundation
Investors expect the consolidation will result in more consistent sustainability standards.
Corporate Moves
Dalio’s Bridgewater Associates Appoints Two Investment Chiefs to Head Sustainability Venture
Karen Karniol-Tambour was formerly head of research at the hedge fund; Carsten Stendevad was previously chief executive at ATP.
Asset Allocation
Retail Investors Aim to Spend $170 Billion in Stimulus Aid on Stocks, Survey Says
A significant chunk of the next round of stimulus checks may find its way into the equity markets.
Expect an Increased Tempo for ESG Investing Post-2020
A pandemic and calls for racial equity have only accelerated sustainable investments, and shaped the agenda for next year.
Asset Management Culture
Ray Dalio Sides with Chinese Regulators over Jack Ma
Foiled IPOs be damned, diversifying into China is worth the risk, according to the Bridgewater founder.
Op-Ed: ‘Widening the Aperture’—A Key to Enhancing Minority Recruitment
A diverse talent pool can be accessed by expanding the recruitment process beyond finance-related fields, Northern Trust’s Abdur Nimeri writes.
Asset Allocation
Ray Dalio Fund’s Assets Tumbled 15% During Pandemic Crash
The world’s largest hedge fund took a long tilt in its positions leading up to the market dive, underestimating the coronavirus threat.
Coronavirus - COVID-19
Market Volatility Is Harming Americans’ Hopes for a Secure Retirement
Allianz Life study finds many deeply uncomfortable with the state of the virus-driven market.
OCIO Roundtable (Part 1): Portfolio Rebalancing During COVID-19 Mayhem
On policies, benchmarking, and measuring added value within the current market.
Coronavirus - COVID-19
OP-ED: Trust and Data Transparency Are Now the Same Thing
As CIOs comb their portfolios for liquidity, transparency is expected, demanded, and has become the new normal.
Asset Management Culture
Flagship Bridgewater Fund Reportedly Tumbles 20% From Coronavirus
Founder Ray Dalio has admitted being taken by surprise by the economic impact.
Market Moves
Ray Dalio Says China Virus’ Market Impact Will Be Minimal
The effect of the outbreak has been ‘exaggerated,’ hedge fund honcho declares.
Pensions
Head of Canada’s Largest Pension Warns Against Illiquid Assets
CPPIB CEO Mark Machin ‘rings the alarm bell’ about not being too invested in the asset class.
Asset Management Culture
Ill-Starred Investing Ace Bill Miller Posts Whiz-Bang 2019 Returns
Former Legg Mason manager, slammed in crisis, sees holdings surge 120%.