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The cost of bad asset allocation

A study of 300 US pension funds by CEM Benchmarking reinforces the importance of asset allocation, highlighting the performance of asset classes, as well as new evidence on correlations between asset classes. Alex Beath, author of the study, discusses the implications for asset allocation with Amanda White. A CEM Benchmarking study “Asset Allocation and Fund […]
Amanda WhiteOctober 15, 2014
Uncategorised posts

Investors alter allocations because of climate risks

A number of large institutional investors, including AP1, the Environment Agency and AustralianSuper, made changes to their strategic asset allocation as a result of Mercer’s 2011 study on climate risks, and now the consultant is working with a new raft of investors to assess forward-looking climate change scenarios against their current allocations. Meanwhile one of […]
Amanda WhiteSeptember 24, 2014
Investor Profile

Australian fund leading the way on real assets

The $15 billion Australian super fund for hospitality workers, HOSTPLUS, has a 10 per cent allocation to infrastructure and is aggressively increasing its allocation to real assets. David Rowley spoke to chief investment officer, Sam Sicilia, about what the fund seeks from real assets.   A quarter of the $15 billion in assets held by […]
David RowleyFebruary 28, 2014
Research

Investor pitfalls in setting up a satellite office

As part of the broader trend to become professional organisations, pension funds and soverieng wealth funds are expanding geographically with the establishment of satellite offices. This expansion raises concerns of governance, culture, politics and talent. This paper looks at the case studies from 12 funds that have launched or considering launching satellite offices and offers […]
Amanda WhiteFebruary 21, 2014
Uncategorised posts

Alternatives increase as investors manage to outcomes

Investor allocations to alternatives will increase over the next three years as the focus on outcome-oriented investments heightens, according to respondents in the annual conexust1f.flywheelstaging.com /Casey Quirk Global Fiduciary CIO sentiment survey. The second annual survey, which included respondents from 56 asset owners with combined assets of $3 trillion, showed an accelerating trend to moving […]
Amanda WhiteFebruary 14, 2014
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