US- CalPERS has formed a risk committee to help the board evaluate portfolio-wide risk, officials at the pension fund said.
Risk management has been thrown into the spotlight since the credit crunch and market downturns highlighted hidden risks investors were taking in their portfolios.
Norway's Government Pension Fund-Global, for example, is re-evaluating its risk processes to include credit and liquidity risk after losses in the fund's fixed income portfolio. (Global Pensions, 26 March 2009)
The members of the risk committee at CalPERS will be George Diehr, Hanry Jones, Priya Mathur, Lou Moret, Tony Liveira and Kurato Shamada - all current board members.
The committee's firm meeting will be held on 20 April.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.