Past performance of priavte equity funds is a weak indicator of whether an existing client will reinvest with a fund, a new survey has revealed.
How to win funds and influence people … renewably
Sustainable energy is not a bubble by-product of the credit boom but a global investment transition that is likely to strengthen over time, according to the latest UNEP Global Trends in Sustainable Energy Investment report. Wake up investors, renewable energy has arrived.
Deconstructing Herding
This World Bank policy research paper examines the herding behaviour of pension funds, concluding that funds herd more in assets for which they have less market information and when risk increases. Moreover, herding is more prevalent across funds that narrowly compete with each other.
Malaysian and Singapore funds develop joint investment
Khazanah Nasional Berhard, the investment holding arm of the Government of Malaysia, and Singapore’s Temasek Holdings have joined forces in their first joint development investment.
Turbulence and outflows signal emerging markets drawdowns
A new paper by State Street Associates looks at signals for determining emerging markets currency depreciation as part of an overarching theme that concentrates on the enhanced value of combining indicators of risk and behaviour. Amanda White spoke to one of the authors, David Turkington.
CalSTRS’ leap of faith brings assets in-house
In an act of faith for the investment staff at CalSTRS, the board has approved that a further $15 billion in assets be managed in- house, including some strategies outside those first recommended by the investment staff.
