The board of the Alaska Permanent Fund’s management company has called a special meeting for next Monday, and invited public participation, to discuss the management’s salary structure.
South Korea’s fledgling corporate pension fund market, which totals only about KRW 14 trillion ($11.31 billion), will more than double by the end of this year but remains massively dominated by a few institutions.
The Florida Retirement System has restructured its investments with a move to combine its US and international equities portfolios into one global strategy.
As pension funds look at new ways to assess their asset allocation, including the adoption of a risk-premia approach, Simon Mumme delves into the latest thinking on whether markets reward investors for the big swings and roundabouts.
Most fiduciary investors underweight emerging markets. This is because when they talk about an “investable” universe, they really mean whatever’s “easy to invest in”, argues Jerome Booth, head of research at Ashmore Investment Management. The recipient of China’s first post-Communist asset sale to a foreign investor, Booth recommends investors take the radical step of investing 50 per cent of their total portfolios into emerging markets, via both listed and unlisted markets.
The global financial crisis has underscored the importance of being able to analyse the risk and return characteristics of all investments, but in particular alternatives and unlisted assets. Greg Bright spoke with Christopher Ward, vice president of Boston-based State Street Investment Analytics, about recent trends.