Archive | May, 2012

NSFM news: Professor Amin Rajan on the failings of modern portfolio theory; ‘ESG and Alpha’ article quotes NSFM participants; Michael Mainelli awarded prize for latest book

Modern portfolio theory and practice are failing institutional investors at a time when their depressed funding levels and high covenant risks require smarter ways of investing, according to a paper by NSFM participant Professor Amin Rajan. In The Death of Common Sense: How elegant theories contributed to the 2008 market collapse, Professor Rajan examines modern portfolio […]

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Climate Bonds Initiative release proposal to create Renewable Energy Covered Bonds

22 May, 2012 – A proposal to create Renewable Energy Covered Bonds to leverage private-sector investment into the low-carbon economy was released by the Climate Bonds Initiative.  The €2.5 trillion covered bonds market provides for a unique dual recourse structure that offers investors a high degree of security. “The current financial crisis has forced banks to cut back on […]

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NSFM participants in action: Frank Partnoy on the benefits of 1930s style financial regulation; Will Oulton’s edits a new book on investing in a low-carbon world; Raj Thomotheram and Maxime Le Floc’h on ‘preventable surprises’

Rebuild the pillars of 1930s Wall Street – banks should be forced to disclose important financial information and there should be a robust anti-fraud regime, writes NSFM participant Frank Partnoy in an article in the Financial Times. **** Will Oulton, Head of Responsible Investment EMEA, Mercer, and NSFM participant has edited Investment Opportunities for a […]

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Pension Fund Governance Best Practices Cite Keith Johnson and Frank Jan de Graaf; NSFM Participant Event on the Role of Household Savings and Debt in a Sustainable Economy

The National Conference on Public Employee Retirement Systems (NCPERS) has released its governance best practices for public pension fund officials, citing Keith Johnson and Frank Jan de Graaf’s 2009 paper: Modernizing Pension Fund Legal Standards for the Twenty-First Century.  With more than 550 US and Canadian public pension fund members managing $3 trillion in assets, […]

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NSFM Director, Frank Jan de Graaf’s new book – Northern Europe as a Role Model: Successful Enterprise in a Globalising Economy

NSFM Director, Frank Jan de Graaf in collaboration with Nol Hovens and Herman Blom has recently finished a book: Northern Europe as a Role Model: Successful Enterprise in a Globalising Economy. The book follows an earlier paper written with fellow NSFM Director, Cindy Williams on the intellectual foundations of the global financial crisis. Does Northern […]

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