DOCSLIB.ORG

Asset Management One Stewardship Report 2020/2021 Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Asset Management One Stewardship Report 2020/2021 Contents Asset Management One Stewardship Report 2020/2021 Contents Chapter1: Our approach to ESG investment and stewardship 2 投資の力で未来をはぐくむ Creating a sustainable future Chapter2: Governance, processes and resources 8 through the power of investment Chapter3: How we manage conflicts of interest 11 Chapter4: Addressing market-wide and systemic risks 14 お客さまとの信頼関係に裏付けられた「投資の力で」 Chapter5: Review of policies and processes 28 地球と社会の、お客さまと私たちの、すべての世代にとって豊かな「未来を」 情熱をもって大切に「はぐくむ」 Chapter6: Stewardship reporting and communications 31 "Creating" with passion and respect. Chapter7: Our approach to ESG integration 33 "A sustainable future" for the planet, society, our clients and future generations. "Through the power of investment" as a trusted steward of our clients’ assets. Chapter8: Monitoring of service providers 42 Chapter9: Engagement for sustainable value creation 44 Chapter10: Collaborative engagement for effective stewardship 55 Chapter11: Escalation of stewardship activities 60 Chapter12: Exercising rights and responsibilities 62 1 Chapter 1: Our approach to ESG investment and stewardship Introduction to Asset Management One Ltd. and Shinko Asset Management Co., Ltd. to developing and defining our purpose, the integrate their asset management functions, management and employees at Asset Headquartered in Tokyo, Asset Management One effective from 1 October 2016. As of 31 Management One have debated and discussed Co., Ltd. (Asset Management One “AMO”) is a December 2020, AMO's assets under extensively about key challenges and issues leading asset manager of Japanese institutional management are approximately US$526bn facing the economy, environment and the society assets and offers a broad and diverse range of (please refer to Chapter 6 of this report for the (such as climate change, social inequality, bespoke investment strategies to some of the AUM breakdown by asset class). diversity & inclusion and etc.), and reconfirmed world’s largest institutional investors. Our portfolio the critical importance of the sustainability managers are supported by one of the largest and Corporate Message and Philosophy perspective as a core part of our investment most experienced research teams. As a long term business and stewardship activities. investor, AMO considers our proprietary research Asset Management One is one of the first in capabilities a cornerstone for generating higher Japan to establish a dedicated Responsible After long deliberations on our purpose, we risk-adjusted returns and solid long-term Investment Group when the firm was formed in published “Creating a sustainable future through performance. October 2016, and has been actively discharging the power of investment” as our corporate our stewardship responsibilities. In April 2020, message, which reflects AMO’s existing reason Asset Management One is owned jointly by AMO newly created a Corporate Sustainability for being. Rooted in economics and competitive Mizuho Financial Group Inc. (51%) and Dai-ichi Office (CSO) reporting directly to the CEO, which advantage of our business model, this also the Life Holdings Inc. (49%) which provides a strong led a firm-wide initiative and intensive result of rethinking the value we add as a base that is long-term in outlook and financially discussions on corporate purpose. A series of committed long-term investor, with the aim of able to support Asset Management One’s long- meetings, discussions and workshops were held contributing to a sustainable society and the well- term business strategy. Asset Management One across the entire firm in 2020, including the being of our clients: was created following an integration agreement participation of all members at AMO’s executive signed between DIAM Co., Ltd., Mizuho Trust & management committee. We also invited external Banking Co., Ltd., Mizuho Asset Management Co., experts to host a seminar on the UN SDGs. In 2 Chapter 1: Our approach to ESG investment and stewardship "Creating" with passion and respect. Our Corporate Message drives our vision and With the strong commitment from the top mission, and defines our values as well as the management, the exercise across the firm in 2020 "A sustainable future" for the planet, society, our culture of the organisation. AMO puts the of rethinking our purpose is instrumental in clients and future generations. Corporate Message at the core of its strategy. We defining our value proposition, and also inspiring are committed to achieving sustainable value the employees at Asset Management One to work "Through the power of investment" as a trusted creation and solutions for key societal challenges, altogether towards the shared purpose and goals. steward of our clients’ assets. acting as what we expect from our investee companies to perform. Our approaches to ESG investing and Corporate Philosophy stewardship responsibilities AMO is a signatory of the PRI (the UN Principles for Responsible Investment). We have also been a signatory of Japan’s Stewardship Code since it was first introduced in April 2014. We believe it is our fiduciary duty and responsibility to help our clients and beneficiaries achieve their financial and non-financial objectives, to maintain a decent standard of living when they retire and to contribute to a sustainable economic growth through efficient allocation of capital. AMO is strongly committed to acting and performing as a good steward, to preserve and enhance value for the assets entrusted by our clients. Through 3 Chapter 1: Our approach to ESG investment and stewardship integrating material ESG considerations in the ESG integration and active engagement and return profiles and their long-term investment process and actively conducting performance prospects. The investment analysts purposeful engagement with investee companies, We believe that active and constructive and portfolio managers at AMO are committed to we aim to achieve the risk-adjusted return engagement with investee companies plays a vital adding value through a bottom-up approach to objectives for our clients over the medium and role in driving positive changes for value creation forming an in-depth understanding of company- long-term, while at the same time contributing to and sustainable growth. We focus more on the specific financial and ESG performance including the environment, economy and the wider society. quality and effectiveness of our engagement their direction of travel, using quantitative ESG dialogues. Meanwhile, in addition to the investee data as well as qualitative insights from The three key principles that underpin AMO’s companies, we also proactively engage with engagement. Meanwhile, some of our investment ESG & sustainable investment and stewardship policymakers, regulators, industry associations strategies adopt a negative screening approach. activities are: and other stakeholders, in policy advocacy to And in principle, AMO does not invest in promote best practices. Where appropriate, we companies that are involved in manufacturing of We aim to achieve higher investment returns collaborate with other investors in order to cluster munitions, anti-personnel mines, chemical for clients over the mid- and long-term, by enhance the effectiveness of engagement. We and biological weapons. integrating material ESG analysis and regard voting as a part of the engagement conducting active engagement process, and in exercising our voting rights, we Following the Japan’s Stewardship Code intend to reflect the progress and results of our recommendations, we publish a self-assessment We contribute to the solutions and engagement as well. on our stewardship approaches, activities and achievement of the UN’s Sustainable outcomes each year, to review the effectiveness Development Goals (SDGs) We integrate considerations for material ESG of stewardship performance with an aim for factors in our investment process across all continuous improvement. The results are We put a focus on the upside potential strategies and asset classes. AMO approaches to available at: http://www.am- opportunities, not least from the risk ESG as an enhanced analysis of companies, on one.co.jp/img/company/36/20190528_stewardsh management perspective top of conventional financial analysis and ip_details.pdf (in Japanese). evaluation, to better understand companies’ risk 4 Chapter 1: Our approach to ESG investment and stewardship AMO puts client interests first, and always seeks to act in the best interests of clients and beneficiaries. We therefore have put a robust governance structure and process in place (for details, please refer to Chapter 2 of this report in relation to Principle 2 of the UK Stewardship Code). Given the ownership and group structure of Asset Management One, we have also implemented a robust policy and established procedures to identify, prevent and manage conflicts of interest that may arise in our stewardship activities. With regards to how we manage conflicts of interest, more detailed explanations are provided in Chapter 3 (in relation to Principle 3 of the UK Stewardship Code). 5 The CEO’s Message Addressing environmental and social companies for solutions to address the key issues becomes ever more vital environmental and social challenges, and to accelerate transitions towards a more resilient Covid-19 has had a significantly adverse effect on and sustainable society. public health and economy in Japan as well as in other countries. We are still facing unprecedented Committing to ESG investment and challenges in transforming into a new society stewardship
Load more

Recommended publications
  • Spotlight: Shareholders Are Dispersed and Diverse
    POLICY SPOTLIGHT APRIL 2019 Shareholders Are Dispersed And Diverse Index funds have democratized access to diversified investment for millions of savers, who are investing for long-term goals, like retirement. As index funds are currently growing more quickly than actively managed funds, some critics have expressed concern about increasing concentration of public company ownership in the hands of index fund managers. While it is true that assets under management (or ‘AUM’) in index portfolios have grown, index funds and ETFs represent less than 10% of global equity assets.1 Further, equity investors, and hence public company shareholders, are dispersed across a diverse range of asset owners and asset managers. As of year-end 2017, Vanguard, BlackRock, and State Street manage $3.5 trillion, $3.3 trillion, and $1.8 trillion in global equity assets, respectively.2 These investors represent a minority position in the $83 trillion global equity market. As shown in Exhibit 1, the combined AUM of these three managers represents just over 10% of global equity assets. The largest 20 asset managers only account for 22%. Moreover, about two-thirds of all global equity investment is conducted by asset owners choosing to invest in equities directly rather than by employing an asset manager to make investments on their behalf. Exhibit 1: Equity Market Investors3 Total Equity Market Capitalization 100% All Asset Managers 35% Top 20 Managers 22% Top 10 Managers 17% VGD 4% BLK 4% SSgA 2% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Exhibit 1 alone does not paint a complete picture of the diversity of equity market investors, as there is significant variation amongst asset managers and asset owners.
    [Show full text]
  • Swiss Asset Management Study 2020 an Overview of Swiss Asset Management
    1 Inhaltsverzeichnis Inhaltsverzeichnis Swiss Asset Management Study 2020 An Overview of Swiss Asset Management Editors Jürg Fausch, Thomas Ankenbrand Institute of Financial Services Zug IFZ www.hslu.ch/ifz 1 Table of Contents Swiss Asset Management Study 2020 Table of Contents Preface 2 Executive Summary 3 1. Definition & Framework of Asset Management 5 2. The Swiss Asset Management Environment 12 3. Asset Management – An International Perspective 39 4. Asset Management Companies in Switzerland 47 5. Active versus Passive Investing – A Differentiated View on a Heated Debate 69 6. Conclusion & Outlook 77 7. Factsheets of Asset Management Companies in Switzerland 78 Authors 108 References 109 Appendix 120 2 Swiss Asset Management Study 2020 Preface The asset management industry is a growing segment of the Swiss financial center and offers a differentiating value proposition relative to private banking and wealth management. The strong expertise in asset manage- ment is highly relevant for Switzerland since it helps to diversify and complete the Swiss financial center. In this regard, the Asset Management Association Switzerland has the goal to further establish Switzerland as a leading provider of high quality asset management services and products domestically and abroad. In this context, the following study provides a comprehensive overview of the current status and various develop- ments in the Swiss asset management industry and consists of two parts. The first part starts with Chapter 1 in which a definition of asset management is provided and the methodological framework of the study is outlined. Chapter 2 gives an overview of the environment and discusses the political/legal, economic, social and technolog- ical developments relevant for the asset management industry.
    [Show full text]
  • R&I Fund Award 2019
    NEWS RELEASE May 7, 2019 R&I Announces Winners of "R&I Fund Award 2019" - Investment Trust-related Categories - Rating and Investment Information, Inc. (R&I) has announced winners of "R&I Fund Award 2019" (supported by Nikkei Inc.) for investment trust-related categories. This year's Award, the first in the series presented in Japan's new imperial era "Reiwa", includes a new subcategory "Tactical Asset Allocation Fund" in the Investment Trusts Category. Among balanced funds, the core product for long-term asset accumulation, this subcategory covers variable allocation funds, whose performance is affected by fund managers' investment skills more strongly. By utilizing its current quantitative approach, R&I acknowledges funds, investment strategies and so forth that showed excellent performance in each category of investment trusts, iDeCo & DC, NISA and defined benefit pension. Winners are selected in a non-discretionary process from an independent point of view, and as such, the Award is widely recognized by many asset managers and related parties. (Winners for the Defined Benefit Pension Category will be announced around mid or late May.) Award Categories & Subcategories and a List of Winners [Investment Trusts/Aggregate Category] Category Prize Fund Manager The First Prize Tokio Marine Asset Management Co., Ltd. Japanese Equity Fund SPARX Asset Management Co., Ltd. Aggregate The Second Prize Meiji Yasuda Asset Management Company Ltd. The First Prize Goldman Sachs Asset Management Co., Ltd. Global Equity Fund UBS Asset Management (Japan) Ltd Aggregate The Second Prize AllianceBernstein Japan Ltd. The First Prize FIL Investments(Japan)Limited Global Bond Fund DWS Investments Japan Limited Aggregate The Second Prize Amundi Japan, Ltd.
    [Show full text]
  • List of Institutional Investors Signing up to “Principles for Responsible Institutional Investors” ≪Japan's Stewardship
    List of institutional investors signing up to “Principles for Responsible Institutional Investors” ≪Japan’s Stewardship Code≫ - To promote sustainable growth of companies through investment and dialogue - As of June 30, 2021 【Total︓309】 Website (URL) where the announcement of the Website (URL) where the disclosure items described in Updates Updates Disclosure of Voting Stewardship Activity Institution’s name (alphabetical order) acceptance of the Code has been disclosed the Code have been disclosed for 2017 Revision for 2020 Revision Results Reasons for Votes Reports Website (URL) Trust banks（subtotal︓6） Mitsubishi UFJ Trust and Banking 1 https://www.tr.mufg.jp/ippan/release/pdf_mutb/200515_1.pdf https://www.tr.mufg.jp/houjin/jutaku/pdf/stewardship_ja_pdf.pdf ○ ○ ○ ○ ○ https://www.tr.mufg.jp/houjin/jutaku/pdf/stewardship_mutb_pdf.pdf?180905 Corporation 2 Mizuho Trust & Banking Co,. Ltd. https://www.mizuho-tb.co.jp/corporate/unyou/pdf/stewardship.pdf https://www.mizuho-tb.co.jp/corporate/unyou/pdf/stewardship.pdf ○ ○ ○ ○ ○ https://www.mizuho-tb.co.jp/corporate/unyou/stewardship_katsudo.html 3 Resona Bank, Limited. http://www.resonabank.co.jp/nenkin/sisan/prii/index.html https://www.resonabank.co.jp/nenkin/sisan/prii/pdf/Stewardship_code_policy.pdf ○ ○ ○ ○ ○ https://www.resona-am.co.jp/investors/ssc.html 4 Sumitomo Mitsui Trust Bank, Limited https://www.smtb.jp/business/instrument/voting/stewardship.html https://www.smtb.jp/business/instrument/voting/stewardship.html ○ ○ ○ ○ ○ https://www.smtb.jp/business/instrument/voting/stewardship_activity.html 5 The Nomura Trust and Banking Co., Ltd. http://www.nomura-trust.co.jp/news/140528.html https://www.nomura-trust.co.jp/company/stewardship/ ○ ○ △ ○ https://www.nomura-trust.co.jp/company/stewardship/pdf/hyouka2020.pdf The Norinchukin Trust and Banking 6 http://www.nochutb.co.jp/about/governance.html http://www.nochutb.co.jp/about/governance.html ○ ○ △ ○ http://www.nochutb.co.jp/about/pdf/2020_stewardship.pdf Co.,Ltd.
    [Show full text]
  • Termination of Investment and Cooperation Agreement and Signing of Strategic Cooperation Agreement with Janus Henderson Group Pl
    [Unofficial Translation] February 4, 2021 Seiji Inagaki Representative Director, President Dai-ichi Life Holdings, Inc. Code: 8750 (TSE First section) Termination of Investment and Cooperation Agreement and Signing of Strategic Cooperation Agreement with Janus Henderson Group plc, and Recognition of Extraordinary Gain (Non-consolidated/Consolidated) Dai-ichi Life Holdings, Inc. (the “Company”; President: Seiji Inagaki) announces that the Company and its affiliate, Janus Henderson Group plc. (“Janus Henderson”), have today agreed to terminate the Investment and Cooperation Agreement 1 (“Old Agreement“) and entered into a new Strategic Cooperation Agreement (“New Agreement”). As a result of terminating the Old Agreement and the resignation of the Company’s representative, Tatsusaburo Yamamoto, from a non-executive director to the Board of Janus Henderson, Janus Henderson became a non-affiliate of the Company, as of today. The Company will conduct sales of ordinary shares of Janus Henderson through an underwritten public secondary offering in February 4, 2021, US time. This decision reflects a strategic capital allocation decision by the Company as it seeks to reallocate capital to other growth initiatives it sees ahead in the next medium-term management plan starting from fiscal year 2021. Although the capital affiliation has been dissolved, the relationship between the Company and Janus Henderson remains strong and is an important strategic relationship to both organizations. The New Agreement the firms are entering into today reflects this importance. The New Agreement outlines how the firms will collaborate and look for opportunities to further support the growth of each other’s business. Additionally, it includes the continued exchange of expertise and Human Resources, which has been a bedrock of the relationship over the last 8 years.
    [Show full text]
  • Janus Henderson Investors a Client-Focused, Global Active Asset Manager
    Janus Henderson Investors A client-focused, global active asset manager March 2017 Combination of Janus and Henderson Andrew Formica Dick Weil CEO, Henderson CEO, Janus My view: key Janus strengths My view: key Henderson strengths • ‘Client-first’ culture is a great match for Henderson • Client-focused culture, built around active investment management • Autonomous investment teams linked by strong, centralised research capabilities; complementary to • Highly regarded investment track records in European Henderson assets, income strategies, thematic styles and alternatives; proven ability to attract strong new teams • Powerful US brand and distribution (e.g. Emerging Markets) • Top 30 US Mutual fund complex¹ • Strong mix of US, global and specialist equity • Strong and reputable brand in the UK and Europe; strategies and growing fixed income capabilities complementary to Janus • Tremendous success in Japan • Expansion into Australia and the US • US$17bn AUM built in four years • US$18bn of AUM in the US • Valuable partnership with Dai-ichi • US$13bn of AUM in Australia • Compelling business transformation under Dick’s • Successful delivery of growth and globalisation leadership strategy, leading to above industry new business growth Janus Henderson Investors: an independent, active asset manager with a globally relevant brand, footprint, investment proposition and client service approach Note: AUM data as at 31 December 2016. 1 Source: Morningstar. 2 Compelling merger of equals Highly complementary businesses Relevant to future client
    [Show full text]
  • Guide to Etfs for Wealth & Asset Managers
    www.etfexpress.com special report September 2015 Guide to ETFs for Wealth & Asset Managers Rise in ETF usage Currency hedged Abenomics aids by wealth and ETFs boom under Japanese market, asset managers Swiss care UK sees RDR boost CONTENTS In this issue… 03 ETF usage by wealth managers in the UK is on the rise By Beverly Chandler 05 Abenomics invigorates Japanese ETFs Interview with Koei Imai & Geoffrey Post, Nikko Asset Management 07 Currency hedged ETFs boom under Swiss care Interview with Andrew Walsh, UBS 11 Investing smart with buyback ETFs By Fannie Wurtz, Amundi 13 Asserting fundamentals over sentiment By Nitesh Shah, ETF Securities 16 Pioneer ETF firm offers essential range Interview with Arnaud Llinas, Lyxor Asset Management 18 RDR aids ETF growth in the UK Interview with Hector McNeil, WisdomTree Europe Publisher Managing Editor: Beverly Chandler, [email protected] Contributing Editor: James Williams, [email protected] Online News Editor: Mark Kitchen, [email protected] Deputy Online News Editor: Leah Cunningham, [email protected] Graphic Design: Siobhan Brownlow, [email protected] Sales Managers: Simon Broch, [email protected]; Malcolm Dunn, [email protected] Marketing Administrator: Marion Fullerton, [email protected] Head of Events: Katie Gopal, [email protected] Head of Awards Research: Mary Gopalan, [email protected] Chief Operating Officer: Oliver Bradley, [email protected] Chairman & Publisher: Sunil Gopalan, [email protected] Photographs: iStock Photo Published by: GFM Ltd, Floor One, Liberation Station, St Helier, Jersey JE2 3AS, Channel Islands Tel: +44 (0)1534 719780 Website: www.globalfundmedia.com ©Copyright 2015 GFM Ltd.
    [Show full text]
  • 【Total：214】 List of Institutional Investors Signing up to “Principles for Responsible Institutional Investors” ≪Japa
    List of institutional investors signing up to “Principles for Responsible Institutional Investors” ≪Japan’s Stewardship Code≫ - To promote sustainable growth of companies through investment and dialogue - As of December 27, 2016 【Total：214】 Trust banks (Shintaku Ginko) (subtotal:7) Institution’s name (alphabetical order) Website (URL) where the announcement of the acceptance of the Code has been disclosed Website (URL) where the disclosure items described in the Code have been disclosed 1 Mitsubishi UFJ Trust and Banking Corporation http://www.tr.mufg.jp/english/ourservices/management/stewardshipcode.html http://www.tr.mufg.jp/english/ourservices/management/stewardshipcode.html 2 Mizuho Trust & Banking Co,. Ltd. http://www.mizuho-tb.co.jp/corporate/unyou/index.html http://www.mizuho-tb.co.jp/corporate/unyou/index.html http://www.resona-gr.co.jp/resonabank/nenkin/sisan/ri/index.html 3 Resona Bank, Limited. http://www.resona-gr.co.jp/resonabank/nenkin/other/prii/index.html http://www.resona-gr.co.jp/resonabank/nenkin/sisan/giketu/index.html 4 Shinkin Trust Bank,Ltd. http://www.shinkintrust.co.jp/stewardship/index.html http://www.shinkintrust.co.jp/stewardship/index.html http://www.smtb.jp/business/instrument/voting/stewardship.html 5 Sumitomo Mitsui Trust Bank, Limited http://www.smtb.jp/business/instrument/voting/ http://www.smtb.jp/general/management/ http://www.smtb.jp/business/instrument/voting/construction.html 6 The Nomura Trust and Banking Co., Ltd. http://www.nomura-trust.co.jp/news/140528.html http://www.nomura-trust.co.jp/company/stewardship/index.html 7 The Norinchukin Trust and Banking Co.,Ltd. http://www.nochutb.co.jp/日本版スチュワードシップ・コードの受け入れについて/ http://www.nochutb.co.jp/日本版スチュワードシップ・コードの受け入れについて/ Investment managers (Toshishintaku/Toshikomon Gaisha) (subtotal:152) http://www.aberdeen-asset.co.jp/aam.nsf/japanaimkk/policystewardship 1 Aberdeen Investment Management K.K.
    [Show full text]
  • Investor Statement Access to Medicine Index
    Investor Statement Access to Medicine Index The goal of investors is to create long- term shareholder value in the companies in which they invest. This potential is maximized by investing in well- managed, high quality companies, where the management team have considered fully the range of business risks and opportunities facing their companies, and taken appropriate action to manage these. Alongside assessment of traditional financial risks and opportunities, there is growing recognition among the investment community of the potential for environmental, social and governance (ESG) factors to impact the financial perfor- mance of companies. As such, investors are also seeking for companies to demonstrate effective management of ESG factors. We believe the issue of access to medicine in developing countries can present potentially significant business impacts for global companies in the pharmaceutical sector. As greater emphasis is placed on accessing new markets as a source for future industry growth, pharmaceutical companies are brought into ever closer contact with access to medicine issues in developing countries. Mismanage- ment of these issues can impact negatively on political relationships and corporate brands and encumber market access. On the other hand, if pharmaceutical companies act responsibly and with foresight, commercial potential can be unlocked. As investors, we seek assurances that the management of the companies in which we invest have fully considered the risks and opportunities of this issue, and have effective policies and processes for dealing with the challenges. By taking management of this issue into account, alongside other key ESG and financial issues, the investment community can better assess the long-term investment value of such companies.
    [Show full text]
  • European Asset Management
    A SHEFFIELD HAWORTH PUBLICATION EUROPEAN ASSET A summary featuring people news, industry updates with market trends and analysis MANAGEMENT Patrick Morrissey H2 2019 Charles Bruce-Smythe Henry Spence Peter Hughes Tom Eagar Henry Milton H2 2019, Asset Management Overview – Europe MARKET OVERVIEW The asset management industry has seen a variety of challenges in the second half of the year with illiquid investments and company governance in the limelight. In the last six months, the industry saw Woodford Investment Management close its doors in October and H20 Asset Management suffer £1.2bn in withdrawals in one week in the summer. The second half also saw similar trends that defined the first half of the year. A “white-hot” bond market (according to the FT in December) continued and again, despite the escalation in the US-China trade wars and political volatility in the UK, equities have improved. ESG continued to grab the market’s attention with more and more inflows into ESG orientated funds, to the point where the FT labelled 2019 as the ‘year capitalism went cuddly’. Nevertheless, like any fast- growing innovation, it is not without its teething problems. While everyone appears to now know what ESG means, not everyone has settled on how to ‘do’ ESG. This diversity in approach can be a real challenge in an area short on long-term executive expertise. Peter Sanderson was appointed Group Chief Executive TABLE OF CONTENTS Officer of GAM, joining from BlackRock where he was a member of the European Executive Committee. Market Overview . Kames Capital confirmed that Martin Davis, the CEO for six Business Development years was stepping down, with the CIO Stephen Jones acting as interim CEO.
    [Show full text]
  • Annual Report 2016.Pages
    PACIFIC PENSION & INVESTMENT INSTITUTE ANNUAL REPORT 2016 VIEW IT ONLINE www.ppi.institute/annual-report-2016 March 9, 2017 Dear PPI Members and Friends: Your support over the past year has been very strong and well appreciated. We wish to express to our thanks for participating in our programs and being part of the PPI community in 2016. In the execution of PPI’s Strategic Plan 2015-2017, we strengthened our programming for PPI’s third decade, as well as consolidating the PPI community of members, and our financial future. We are very confident now that PPI’s powerful perspective adds true value to the investment decisions of our members. Programming for PPI’s Third Decade. The programming at PPI is the hallmark of this organization. In 2016, PPI’s leadership worked diligently to bring insights from a range of institutional investor leaders, government, and the NGO community—while maintaining interactive, peer-to-peer, education. We put a premium on program partnerships and creating new channels for members to provide recommendations for different types of topics, and we remain open to new ideas and initiatives. Strengthening the PPI Community of Members. Throughout the year, we dedicated ourselves to growing PPI’s membership without compromising on quality. These efforts have borne fruit, as our numbers have continued to improve as well as the quality of participation in programs among our member representatives. We added 21 institutional members, bringing our total to 104 by the end of the year. We also moved toward greater parity between our principal membership categories, and have widened our geographic diversity.
    [Show full text]
  • Asset Management One to Strengthen Efforts for Asset Management Innovation (Utilization of AI and Big Data) — Establishment of Financial Innovation Team —
    This news release is the compilation and translation of material published in Japan on October 13, 2017, JST. October 13, 2017 Asset Management One to Strengthen Efforts for Asset Management Innovation (Utilization of AI and Big Data) — Establishment of Financial Innovation Team — Asset Management One Co., Ltd. (headquartered in Chiyoda-ku, Tokyo; Yasumasa Nishi, President & CEO; hereinafter “AM-One”) has established the “Financial Innovation Team” (“FIT”), a professional organization dedicated to developing more sophisticated asset management and improving the investment process, on October 1, 2017. AM-One has been working to accumulate knowledge and technologies on AI and Big Data and to increase its alpha creation capabilities, establishing the innovation task force in 2014 and launching the AI Task Force in April 2017. Given that the effectiveness of these technologies has been validated in the area of asset management, AM-One plans to strengthen its efforts at an accelerated pace. For this purpose, FIT was created. To meet the diversifying needs of investors, AM-One will build Big-data analysis infrastructure and develop AI technology to develop and provide highly competitive products. FIT belongs to the Investment Solutions Group of the Investment Division, which has diversified quantitative investment products with strong long-term track records as well as outstanding assets under management of the Group that amount to approximately USD 35 bn1. For providing more sophisticated investment solutions to institutional and individual investors, AM-One will integrate the array of AI-technologies into the analyzing process of not only quantitative fund-managers but also judgmental fund-managers at a higher level.
    [Show full text]