Introducing specialist risk management professionals within the fixed-income team is one of Wilshire Consulting’s recommendations to CalPERS following its review of the internal team, investment process and resources. (more…)
The Institute for Quantitative Investment Research (Inquire) Europe has recognised research by Professor Lionel Martellini, scientific director of EDHEC-Risk Institute developed in conjunction with Vincent Milhau, research engineer with EDHEC-Risk Institute. The paper, Dynamic Allocation Decisions in the Presence of Funding Ratio Constraints, can be accessed here. Inquire_Europe_Autumn_2009 (more…)
Taking a three-year view of recent company earnings compared with price may be a more logical benchmark for market valuations, according to a paper from Wainwright Economics in the US. Wainright.pdf (more…)
Korea Investment Corporation, a $35 billion sovereign wealth fund, plans to double its allocation to private markets, including distressed debt and real estate, to 20 per cent over the next five years.
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The Canada Pension Plan Investment Board (CPPIB) and Australia’s Future Fund have banded together to buy out the majority of investors in a direct property fund.
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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.