Analysis of CalPERS’ total portfolio, where equity risk accounts for nearly 90 per cent of the risk allocation and yet the asset allocation to global equities and alternative investments is about 67 per cent, corroborates the trend towards allocating assets according to risk, not asset buckets.
Texas Teachers rejects independent risk officer
The $105 billion Teacher Retirement System of Texas has debated, and rejected, the idea of appointing an independent chief risk officer outside of the investment management division, with the board deciding oversight of risk is sufficient within its current practices.
Investors must be conscious about currency says Russell
Institutional investors are being urged to embrace ‘conscious currency’ by thinking of currency risks as unmanaged active portfolios, and therefore develop responses to deal separately with those risks.
PE investors warily keen on Asia-Pacific
The latest review of private equity markets around the world by Partners Group shows continued favouritism for the Asia-Pacific growth story but a rising wariness about competitiveness and prices.
Equities boost Norway’s SWF
The equity allocation of Norway’s Government Pension Fund Global, which amounts to shares in 8,496 companies, was largely responsible for its outperformance in 2010, with the basic materials sector being the best performer for the fund.
Public pensions shape insto era of hedge funds
The past four-year upsurge in the number of public pension funds investing in hedge funds is shaping the new institutional era of hedge fund management, with funds approaching the asset class for new reasons, says Preqin.
