The biggest decision facing pension fund investment committees this year could well be their position on currencies, particularly the greenback and the euro. The currency decision is never an easy one to make and at the moment it seems particularly difficult as politics is overlaid onto market fundamentals.
New governance guidelines for fiduciary investors
The International Corporate Governance Network has published an updated set of guidelines for fiduciary investors to help assess and control corporate risk in their portfolios. US corporate funds lead on DAA, says Hewitt EnnisKnupp
Corporate US pension funds are more advanced than their public fund counterparts in using dynamic asset allocation to effect in managing asset liability matching, says Russell Ivinjack, principal at Hewitt EnnisKnupp. Investors fail in long-term market
Our obsession with quarterly corporate earnings is a market failure, according to Colin Melvin, CEO of Hermes Equity Ownership Services, and can only be corrected by action from institutional asset owners.
Better pensions, no added cost
Denmark’s Labour Market Supplementary Pension Plan (ATP) concluded that its approach to pension management needed to change.
US housing stuck in the doldrums
