Taking a three-year view of recent company earnings compared with price may be a more logical benchmark for market valuations, according to a paper from Wainwright Economics in the US. Wainright.pdf
Korean sovereign fund to double private markets bets
Korea Investment Corporation, a $35 billion sovereign wealth fund, plans to double its allocation to private markets, including distressed debt and real estate, to 20 per cent over the next five years.
Big Canadian, Australian funds go shopping
The Canada Pension Plan Investment Board (CPPIB) and Australia’s Future Fund have banded together to buy out the majority of investors in a direct property fund.
Water a new focus area for Canadian fund
Water is the latest focus area for the Canadian Pension Plan’s responsible investing initiative, with the fund planning to target big Canadian and global companies this year to gather information on their water usage.
Doctor prescribes profitable dose of ESG
Dr Raj Thamotheram, one of the brains behind the UN Principles for Responsible Investment, is critical of the slow integration of ESG (environment, social and governance) issues into many fund managers’ processes.
Texas explores technology system roadmap
The Teacher Retirement System of Texas is part way through a state-side tour to visit other state pension funds that have implemented new technology systems, as it decides the best path for its own system review. Click here to read more.
