There is no connection between asset allocation and the funding level of US state retirement systems, according to Wilshire’s 16th annual survey of the funds, which reported a dire funding situation for 99 per cent of plans.
Chinese landing could be hard … or soft
One of the more interesting numbers behind the last Chinese GDP growth headline figure is the proportion of that growth which is due to domestic demand. Fiduciary investors have been getting set for the domestic demand theme in China for some time, of course. Well, it’s here in a big way.
Rotman school launches governance program…
Enhancing board effectiveness and governance of pension funds and other “long-horizon investment institutions” is the focus of a new program at the University of Toronto’s Rotman School of Management.
… while CFA Institute publishes trustee guide book
The CFA Institute has published “A Primer for Investment Trustees”, a free publication to educate trustees on governance, investment policy, investment objectives and risk tolerance using simple laymen’s terms.
Inside job: institutions shape the new hedge fund model
The institutional foray into hedge fund strategies is changing the way these managers invest. In turn, the hedge fund industry is being shaped by this now dominant investor base.
Private equity moves to centre-stage
Tomas Hricko, product manager at global private equity fund-of-funds manager, Adveq, tells Amanda White why private equity should be the core of an institutional investor’s portfolio, not a satellite.
