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Investor Profile

Risks are multi-faceted and evolving: Litterman

If Robert Litterman were a CIO of a public pension plan he would not try to hit an “unrealistic return target”. Amanda White speaks to him about risk, quants, asset allocation and climate change. There is a serious problem with US public pension funds and the “unrealistic commitments and unrealistic return targets” they have set, […]
Amanda WhiteMay 7, 2014
Investor Profile

Seeking partners in Alaska

The $46-billion Alaska Permanent Fund Corporation (APFC) will launch PCIO, a private equity version of its successful external chief-investment-officer partnerships, and is looking for partners now. When the fund moved to a risk-based factor allocation a few years ago, it allocated mandates under its special opportunities bucket to five managers – PIMCO, GMO, Bridgewater, AQR […]
Amanda WhiteAugust 2, 2013
Uncategorised posts

African countries come to the sovereign wealth fund party

Many of the countries with the largest oil reserves also boast the largest sovereign wealth funds (SWFs). And yet African producers, like newcomer Ghana, Angola, and Nigeria which has been pumping oil since the 1950s, haven’t saved much of their oil revenue. Now, in an effort to replicate the long-term growth of funds like Norway’s […]
Sarah RundellDecember 5, 2012
Uncategorised posts

Epic change predicted for investment industry

The investment management industry must address the high fees it charges in relation to the realistic returns it can achieve in the current environment, attendees at the CFA Institute’s annual conference were told this week. As part of celebrations of the 50-year history of the CFA Charter, a panel of eminent institute members discussed the […]
SAM RILEYMay 9, 2012
Uncategorised posts

DiNapoli: fund focuses on economic growth

Pension funds are “perpetual investors” and should promote long-term, sustainable economic growth through integrating environmental, sustainability and governance considerations into investment decisions, New York State Comptroller Thomas DiNapoli says.
SAM RILEYJanuary 18, 2012
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