Gareth Thomas, Minister of State with the Department for International Development in the United Kingdom, has urged pension funds to help boost private funding for low carbon investments in the developing world, calling on the group of investors at the P8 Summit to consider potential public financing mechanisms emerging from the private sector, including advanced market commitments, cornerstone funds and challenge funds.
Recapitalisation and recovery in the REIT market
The REIT market will not consistently outperform the broader equity and fixed income markets has it has done for thepast 20 years, according to this research by Mercer Real Estate Boutique’s David Nix and Michelle Reuter, but there will be pockets of opportunity ripe for stock pickers.
Joe Dear warns of “reform facade”
Chief investment officer of CalPERS, and chair of the Council of Institutional Investors, Joe Dear, has warned of a “reform facade” as memories of the crisis fade and resistance to reform instensifies, calling for a more comprehensive regulatory umbrella, and specifically for most over the counter derivatives to be traded on exchanges, in a speech at the National Press Club in Washington this week.
Deafeating short-termism: Why pension funds must lead
In the fall issue of the Rotman International Journal of Pension Management, Ed Waitzer, the Jarislowsky Dimma Mooney Chair in Corporate Governance at York University, Canada, argues the time has come for pension fund trustees and managers to lead rather than be dragged along. This article proposes a number of steps that can be taken to better align incentives and frame decision-making for longer-term perspectives.
Momentum’s at the heart of market dysfunctionality: Paul Woolley
When Paul Woolley, academic-turned funds manager-turned academic, set up his research Centre in 2007, the two main associated universities, London School of Economics and University of Toulouse, didn’t like the name. But he insisted and now the Paul Woolley Centre for (the study of) Capital Market Dysfunctionality has a significant body of work in progress. GREG BRIGHT reports.
CalSTRS shortlists general consultant under new approach to advisers
CalSTRS has named three consultants in its shortlist to act as general consultant, including for the first time Meketa Investment Group, long-time consultant to Harvard Management Corporation and more commonly known as a specialist in infrastructure, under a new tiered approach to the use of consultants introduced by chief investment officer, Chris Ailman.
