The latest
Investor Profile

NZ Super: contrarian Kiwis rewrite rules

No one who works at New Zealand Super has a business card that has an asset class attached to it. This simple representation speaks volumes to the investment approach taken by the fund. One could work for the strategy team or the investment analysis team, but the investment structure by which NZ Super invests, such […]
Amanda WhiteApril 17, 2013
Uncategorised posts

Siguler: buy good quality companies

As the world and companies globalise, George Siguler, managing director and founding partner of private equity firm, Siguler Guff, has a simple recommendation for investors. “My recommendation for stock investors is to look at great global companies,” he says. “Look at companies like Johnson and Johnson, Unilever or Boeing. They all have great balance sheets […]
Amanda WhiteApril 5, 2013
Uncategorised posts

A series of shorts
don’t make a long

It is easy for long-term investors to avoid short termism, and the solution lies in avoiding momentum and conducting risk analysis using cash flows – not market pricing. “Diversification is a joke. Diversification and risk analysis relies on pricing, but pricing is distorted because it’s driven by momentum,” says Paul Woolley, chairman of the Paul […]
Amanda WhiteApril 3, 2013
Uncategorised posts

Cass creates principles
for DC model

As almost every market in the world looks to move from defined benefit to some sort of defined contribution model, academics at the Pensions Institute of the Cass Business School, City University London have developed a set of 15 principles for designing a defined contribution model. The principles, consistent with the recently published OECD guidelines, are based […]
Amanda WhiteMarch 27, 2013
Sustainability

Sustainability to create
new drivers of return

Sustainability is constructing a portfolio today on the earnings of the future, according to global head of investment content for Towers Watson, Roger Urwin. Not all performance is born equal, he says, and sustainability is performance with purpose. A cap-weighted portfolio is made up of an earnings stream based on today’s conditions, Urwin explains, with […]
Amanda WhiteMarch 20, 2013
Editorial

Equity risk expectations – a response to short-termism

Solving short-termism is being held up by the institutional investment industry as some sort of performance saviour. There have been many attempts at uncovering the problems of, and offering solutions to, short-termism with numerous reviews, conferences and papers discussing the need for long-term investing. These include the incentives and behaviour of asset owners, asset managers […]
Amanda WhiteMarch 15, 2013
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