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Investors x embrace ethics

More than half of the world’s largest sovereign wealth funds, and around a third of the largest US state pension funds, have a disclosed code of ethics for their staff. According to the Public Fund Investment Policies 2015 annual review produced by the Ohio State University Moritz College of Law, a code of ethics helps […]
Amanda WhiteDecember 3, 2015
Events

Focus on integrity and ethics at Fiduciary Investors Symposium

Ethics and finance will top and tail the program at the Fiduciary Investors Symposium to be held at Chicago Booth School of Business, from October 18-20, highlighting the fact that as asset owners get larger and employ more staff they need to be clear on their own internal ethics and responsibilities. One of the world’s […]
Amanda WhiteAugust 7, 2015
Opinion

Big owners should act like big owners

One of the key ways that institutional investors can promote a long-term orientation in the companies they invest, is by rejecting a company’s compensation plan if it puts too much emphasis on short-term results, says Bob Pozen, visiting senior lecturer at the MIT Sloan School of Management. Writing in the Financial Analysts Journal, he says […]
Amanda WhiteAugust 5, 2015
Asset Allocation

What’s the impact of the stock:bond correlation?

The correlation between stocks and bonds in a rising interest rate environment can turn positive. So given the likelihood of a rate rise, what should asset allocation look like if investors are forward looking?   One of the growing trends in asset and risk allocations is to adopt a forward-looking view driven by macroeconomics, rather […]
Amanda WhiteMay 30, 2014
Research

The arithmetic of “all-in” investment expenses

In the January/February issue of the Financial Analysts Journal, Jack Bogle, founder and former chief executive of the Vanguard Group, looks at the “all-in” investment expenses including not only expense ratios byt transaction costs, sales loads and cash drag. He highlights, in particular, how damaging these costs can be over the long run, and reaffirms […]
Amanda WhiteApril 23, 2014
Uncategorised posts

Investors call for conflict of interest code

As an outsourced provider, fund managers make a series of promises to investors. Anything that tempts the promise to be broken is a conflict of interest, according to chief executive of Carne Group, John Donohoe, whose organisation has conducted a survey of institutional investors’ attitudes to conflicts of interest. In a survey of global allocators […]
Amanda WhiteNovember 13, 2013
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