Allocation

Reference Portfolio stays at 80% growth, 20% fixed income; 5% allocation to New Zealand equities retained.

Saudi Arabia, one of the largest and richest countries in the Middle East, will not be so wealthy in years to come, forecasts a new report from WealthInsight.

“A billion here, a billion there, and pretty soon you’re talking real money.” Used for decades to describe the perceived high and ever-increasing level of government expenditures, this memorable phrase of unclear origin may also offer insight for those building investment portfolios today. Consider a slightly modified version: Potential loss here, potential loss there, and pretty soon you’re talking real Risk, with a capital “R”.

The London Pensions Fund Authority Board (LPFA) and the Lancashire County Pension Fund (LCPF) have commenced the process to appoint an Independent Chair and NonExecutive Directors to the Board of their innovative £10bn Asset & Liability Management (ALM) Partnership.

The California Public Employees’ Retirement System (CalPERS) today reported a preliminary 2.4 percent net return on investments for the 12-months that ended June 30, 2015. CalPERS assets at the end of the fiscal year stood at more than $301 billion.