Water is the latest focus area for the Canadian Pension Plan’s responsible investing initiative, with the fund planning to target big Canadian and global companies this year to gather information on their water usage.
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The Abu Dhabi Investment Authority has hired General Motors’ chief economist and director of global economic and industry analysis, Ted Chu, as its chief economist. (more…)

The $71 billion Washington State Investment Board has made a renewed commitment to overweighting emerging markets and private equity, but a comprehensive enterprise-wide risk management framework will help ensure the inherent risks of that strategy remain in check. (more…)

China is stepping up its clean energy drive, both through a reduction of its own emissions and by becoming the biggest supplier of some clean-energy equipment in the world. Picture (courtesy China Daily) shows cooling towers being demolished with explosives amid efforts to reduce emissions in Zoucheng, East China’s Shandong province, last week.Click here to read more.

Defined-contribution pension plans “are in their adolescence” and one workable model for their maturity is public-private entities which use social networking to promote the confidence of their members, a world authority on pension funds says. (more…)

The key to value investing is not buying cheap. Anyone can do that. It’s buying at a time when the value inside is about to be unlocked.

Greg Bright*

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