Next year will herald a “new paradigm” for investors where income once again becomes a focus of thought, according to the global head of institutional investments at Fidelity International, Michael Gordon.
Professional money managers expect a considerable bounce from the current market lows, and they anticipate this swing to take place sometime next year, according to the latest Investment Manager Outlook, a quarterly survey of investment managers conducted by Russell Investments.
CalPERS, the US$182 billion Californian public pension fund, has promoted its CIO to the vacant role of CEO – Anne Stausboll becomes the first woman to run the fund in its 77-year history.
He has not gone public very often with his views, but when he does Gao Xiqing, president of China Investment Corporation (CIC), is sure to be heard. He spoke out this month with a range of opinions including his expectation that the US dollar would resume a downward trend soon.
Quantitative measurements of the culture of funds management firms can provide indications of the future success of those companies and also their ability to retain personnel, a study by researcher InvestmentQ finds.
America’s 100 largest corporate pension funds haemorrhaged US$95 billion in November alone, the highest monthly losses of 2008, after interest rate cuts and asset losses owing to global financial turmoil.