The Changing Shape of European Investment Management

The European investment management industry is undergoing unprecedented change. The financial crisis and an evolving regulatory environment have reinforced cost pressures that have been building in recent years, creating an urgent need to achieve scale and efficiencies through a focus on core competencies. Already, a wave of consolidation has begun that is set to continue … Read more

CalSTRS overlays its fuzzy buckets

After deciding at the last investment committee meeting to employ a new way of evaluating portfolio risk which overlays risk across asset classes, rather than replacing asset classes with risk categories, CalSTRS now just has to work out how to do it. Amanda White spoke with chief investment officer Chris Ailman about the fund’s journey to conquer risk.

Read more

Boon for managers as Korean NPS to outsource billions

The National Pension Service of Korea will outsource 26 trillion Korean won – the equivalent of $23 billion – to external funds managers this year as it moves towards its 2015 strategic asset allocation which will see a dramatic increase in equities and alternatives.

Read more