Environmental, social and governance (ESG) funds should forget fiduciary duty, dump ratings and adopt extreme exclusions in a radical revamp of the investment overlay proposed in a US academic paper.
The NZ Superannuation Fund (NZS) now manages about 30 per cent of its assets internally, with some of them in the capable hands of a new artificially intelligent portfolio manager dubbed “Keorangi”.
Brandywine Global is conservatively positioned as it eyes volatile conditions and surging demand for fixed income solutions following a massive macro-economic reversal.
The supposed benchmark-beating powers of ESG have more to do with investors’ exposure to well-known factors rather than any sustainable secret sauce, according to quant house Scientific Beta.
The chief investment officer of New Zealand’s largest non-government fund manager will leave at the end of this year after it revealed new potential arrangements with Mercer and BlackRock.
Vanguard usurped BlackRock as the biggest institutional fund manager in 2022 during a year where most firms went backwards, according to the latest Pensions & Investments global survey.
ESG is the “emptiest” idea, according to Aswath Damodaran, while AI will morph into higher costs for companies overall with no competitive advantage in a world where the technology is ubiquitous.
The NZ Superannuation Fund (NZS) has topped up its hedge fund exposure, handing US$100 million to trans-Atlantic global macro-strategy specialist Episteme Capital.
Comparing public and private market performance can be misleading, according to a new study from PGIM, and CIOs need to look deeper into the data.
Long-time NZ Superannuation Fund (NZS) chief Matt Whineray will step down in a planned pre-Christmas exit after more than a decade at the organisation.