Fund managers’ race appears to play a role in whether they’re selected by asset allocators, such as pension funds, according to a new report. The report, by Illumen Capital and a centre from Stanford University’s department of psychology, found racially diverse teams may face bigger barriers to advancement, even after they’ve established themselves as strong […]
In Africa, Asia, Latin America and the Middle East, pension funds are increasing their exposure to equities at the expense of fixed income, according to a new report by Mercer. Over the five-year measurement period, in aggregate, average allocations to equities for the growth markets covered rose eight percentage points to 40 per cent, while […]
After starting to manage assets for its first two clients in July 2017, the Investment Management Corp. of Ontario has released its 2018 annual report, but investment results will be announced by its clients this year. Currently, the IMCO manages $26 billion in net assets for the Ontario Pension Board and $34 billion for the […]
In 2016, when Bert Clark became the Investment Management Corp. of Ontario’s first president and chief executive officer, he was tasked with building the organization from scratch. Like a startup, he had the opportunity to begin from square one, free of legacy systems. “I think one of the advantages we have is that we’re 25 […]
Well-governed boards have greater international diversification and lower cash holdings, according to a working paper by Carolina Salva and Nadège Bregnard from the University of Neuchâtel in Switzerland. “Why would pension fund board governance shape asset allocations?” the paper asked. “In our view, asset allocations are potentially associated to board inefficiencies that can arise when […]
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Asset allocation decisions among world’s top investors on hold: Invesco report.
Low returns, volatility also pushing investors into domestic fixed income, cash
NBIMC head talks asset allocation and funding ratios