New Zealand Super

Hedge Funds

How to allocate to combat climate risk

A climate change report from Mercer has given investors a practical framework for monitoring and managing climate risk, shifting the discussion from philosophical agreement to practical investment implementation. Mercer has outlined extensive dynamic investment modelling that analyses changes in the return expectations of assets between 2015 and 2050 driven by four climate change scenarios and […]
Hedge Funds

The diminishing role of agents

I’ve always been frustrated by interviewing consultants and the lack of conviction they have about their decisions. “What would your ideal model portfolio look like?” I constantly ask. “It depends on the client” is the predictable and consistent answer. That may be valid, even true, but it speaks to a wider problem. Consultants are hired […]