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| Marty Anderson, CFO, CAIA, MBA, Deputy CIO & Chief of Staff, Arizona Public Safety Personnel Retirement System, a speaker at the marcus evans US Pensions Summit Spring 2012, on public pension fund management |
NEW YORK, N.Y., July 5, 2012 - (ACN Newswire) - Public pension funds face a number of impediments, from the composition of boards and public disclosure requirements, to the influence of politics, says Marty Anderson, CFO, CAIA, MBA, Deputy CIO & Chief of Staff, Arizona Public Safety Personnel Retirement System. "We continue to see the need to be an opportunist, remaining flexible to react to market conditions that present opportunities," he adds.
A speaker at the marcus evans US Pensions Summit Spring 2012, in Wheeling, Illinois, July 23-25, Anderson talks about the public pension handicaps and creating the conditions to take advantage of investment opportunities.
- What conditions are challenging public pension funds at the moment?
The challenges are many in the current funding environment, and coming out of a decade of sub-normal returns leading to under-funding of pension funds. In addition, there are a number of impediments unique to the public pension universe, from the composition of boards and public disclosure requirements, to the influence of politics.
There is a long list of reasons why public pension funds are handicapped when trying to achieve long-term success, which would be a fully-funded plan in a sustainable universe.
- What changes to investment strategies does this call for?
We continue to see the need to be an opportunist, remaining flexible to react to market conditions. The markets present little moments of opportunities that Chief Investment Officers could take advantage of, but they need to be ready to react, which can be an issue in the public pension fund space.
How is your fund able to capture such opportunities?
We have flexible mandates that allow us to move in quicker when opportunities pop up. We do our best to create the conditions that will allow us to succeed. Our broad mandates with some of our managers let us simultaneously go in multiple directions.
One of the few advantages we have as a public fund is that we can afford to invest for the long-term, be open to unique ideas and track how things play out over a long period of time. We are able to hold assets for ten years, as long as we have taken liquidity into account. We can consider a wide array of assets, which has helped us construct a more diversified portfolio. When people ask what I would consider investing in, I say: "Anything under the sun".
- What risk management strategies could you share?
Risk management is a key focus of ours, therefore we brought in a Chief Risk Officer to better quantify the risks to our fund. We look at risk-adjusted returns and always consider what risks we are taking, versus the returns we expect, and make sure there is an attractive trade-off.
In our view, the best way of minimizing risk is by constructing a diversified portfolio. That is the heart of our risk management program.
About the US Pensions Summit Spring 2012
This unique forum will take place at The Westin Chicago North Shore, Wheeling, Illinois, July 23-25 2012. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on managing pension risks, dynamic investment policies and socially responsible investing. For more information please send an email to info@marcusevanscy.com or visit the event website at www.uspensions-summit.com.
marcus evans group - investment sector portal: http://tiny.cc/4QCf2b
The Investment Network - marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations.
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Please note that the Summit is a closed business event and the number of participants strictly limited.
Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager, marcus evans, Summits Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com
Topic: Research / Industry Report
Source: marcus evans Summits
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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