Seatown Holdings, the fund manager being launched by the $121 billion Temasek, one of Singapore’s two sovereign wealth funds (SWFs), is not a hedge fund. It is a global investment company with a mandate to invest in stocks and bonds – but its size and private structure can enable it to tap sources of return beyond the reach of its large parent. Simon Mumme reports.
CalPERS explores environmental exposure
CalPERS’ investment office is working on a variety of environmental programs and initiatives. Amanda White looks at the environmental goals and achievements of the fund across real estate, global equities and alternative investments and examines the plans to develop total fund strategies to improve environmental impact and enhance risk adjusted returns.
AP2 appoints another new CIO
The SEK 204 billion ($28 billion) Second Swedish National Pension Fund/AP2 has appointed its fourth chief investment officer in four years, as the fund reports its best annual return since inception.
France’s SWF names manager selection committee
France’s €33 billion Sovereign Wealth Fund, the Fonds de Reserve Pour Les Retraites, has made four appointments to its independent manager selection committee tasked with reviewing all mandate bids by funds managers.
Decentralised investment management: evidence from the pension fund industry
This new research from the Pensions Institute at the Cass Business School studies the effect of decentralised investment management, including the use of multiple competing managers in specialist asset classes, on the risk and performance of pension funds.
Climate change expert upbeat on post-Copenhagen opportunities
Global head of climate change investment research at DB Climate Change Advisors, Mark Fulton, has a contrary view to most observers, post-Copenhagen. He spoke to Amanda White about the climate change market and the asset allocation implications for investors.
