The $42 billion Massachusetts Pension Reserves Investment Management (PRIM) will move half of its developed non-US equity portfolio and 25 per cent of its emerging market equity portfolio into passive strategies and has begun a search for a single manager for each asset class with a commencement date of May.
Ontario Teachers’ buys UK schools from private equity
The private capital arm of the $87.4 billion Ontario Teachers’ Pension Plan (OTPP) has acquired a UK special education and fostering services provider believed to be valued at about £200 million ($326 million).
Investing in climate change 2010
In this white paper by DB Climate Change Advisors, led by global head of climate change investment research Mark Fulton, the drivers of climate change for 2010 are examined in the context of strategic asset allocation.
Make companies pay for engagement
Businesses should be forced to pay a levy to support robust shareholder engagement, says Peter Butler, chief executive of Governance for Owners (GO), a UK shareholder rights partnership, because effective stewardship will only become a fixture of the institutional investment industry when it carries a big price tag. He spoke with Simon Mumme.
Efficient indices outperform cap-weighted
A new series of efficient indices, launched by FTSE and the EDHEC-Risk Institute, which aims to capture equity market returns with an improved risk/reward efficiency, outperform their market-cap weighted counterparts over five years in every region except Asia Pacific ex-Japan.
World’s largest DC plan to tender investments
The $244 billion Thrift Savings Plan, the largest defined contribution plan in the world, faces an enormous operational challenge this year as it moves from an opt-in to an opt-out default for US federal employees. Amanda White spoke with executive director Greg Long about the fund’s plans for 2010, which include a substantial investment tender.
