Long View on China

The rise of China’s digital champions has been an engine of innovation and growth and a compelling investment opportunity over the past years.

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Virtual Public Forum to Preview Updates to Congressional Website

Part of the job of administrators and trustees of public employee retirement systems is to keep up with legislation that could impact the benefits of their fund's active and retired members. The Library of Congress will hold a public forum next month to update the public on the latest improvements to Congress.gov, the official source for federal legislative information. 

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TESRS Announces CFO Job Search

The Texas Emergency Services Retirement System is seeking an experienced accounting professional to join the agency as Chief Financial Officer, according to a news release the TESRS submitted on July 27, 2021. 

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Registration is Now Open for TEXPERS' 2021 Summer Educational Forum

"Back to the Future" is the theme of the Texas Association of Public Employee Retirement Systems' 2021 Summer Educational Forum, set for Aug. 29-31 in San Antonio, Texas. 

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How to Request Time Off to Attend TEXPERS 2021 Summer Educational Forum

The state of Texas doesn't simply encourage professional development for public employee pension trustees and administrators; it mandates it.

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Learn Why the Asset Class is Often Overlooked

Often an overlooked asset class, we believe that CLO equity deserves strong consideration as a strategic allocation given its attractive historical return profile, time-tested proven structure, and potential diversification benefits the asset class can provide a broader portfolio.

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A Complementary Source for Additional Yield

  • Although institutional investors’ allocation to publicly traded investment grade (IG) bonds is essential for liquidity and stability, yields today are historically low. The typical corporate pension fund, for example, with a fixed income allocation of close to 50%1 and long-term performance goals averaging 6.5%,1 faces a wide return gap to be filled.2

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Should EM Investors be Worried About Tapering?

Although the Fed looks likely to tighten policy sooner than previously expected, the 2013 “taper tantrum” should be avoided. But tapering will still have a variety of implications for emerging markets.

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Exploring Consumer Trends: Whitepaper

Emerging markets offer attractive investment opportunities, supported by favorable economic fundamentals and a rapidly expanding middle class. But classic consumption patterns appear to be evolving, and this could have implications for emerging markets investors.

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European Bank Valuations are at a 33-year Low

With European bank valuations at a 33-year low, let's examine why this may be this best time to invest with the right strategy.

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How Investors are Reevaluating Their Traditional Allocations so They are Aligned with Current Investment Opportunities

The impact of COVID-19, which surfaced in the U.S. over a year ago, continues to shape the global economic backdrop. As a result, many investors have started to reassess their traditional allocations to better align with the opportunity set going forward.  For many credit investors, downside protection, capturing incremental yield premium and the threat of rising rates have become top of mind. To meet these goals, many have turned to the private credit asset class, specifically middle-market direct lending, which, in addition to offering these characteristics, has continued to benefit from on-going secular trends.  

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3 Indexing Best Practices

We recently worked with a client as it was evaluating a passive investment in large cap U.S. equity. After a discussion about the two most common indices used to represent the large cap U.S. equity market and what would be most appropriate for this investor, a committee member made a very interesting observation:

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China's Transition to Greener Economy to Create Diverse New Investment Opportunities

China’s 2060 carbon-neutral framework not only addresses climate change, but also discreetly reveals how Beijing envisions the country’s economic future. As efforts to generate more sustainable growth progress, the transition to a greener economy will create diverse new investment opportunities. 

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Roughly 450 Attend TEXPERS' 2021 Annual Conference

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Texas Pension Review Board Seeks Feedback on its Educational Offerings

TEXPERS members have a chance to communicate how they feel about the educational services provided by the Pension Review Board of Texas.

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Passage of SB 321 Would Hurt Secure Retirement

 

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What Investors Should Know About the Sustainability Revolution

The world is aggressively seeking sustainability. While the topic has been around for perhaps a decade, the “awakening” really hit the public consciousness in 2020 and has now become a mega-theme. It’s transitioning into a revolution and shepherding an era of conscious capitalism that’s playing out across the investment landscape. This is not the traditional socially responsible movement that has historically involved divestment from tobacco, weapons and other so-called ‘sin’ stocks. This is about driving returns first, while providing social and environmental benefits.

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2020 Developments in Securities Litigation Outside the US

While the world may have been on lockdown for most of 2020 due to the global COVID-19 pandemic, there were significant developments in non-U.S. securities litigation.

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Will Work-from-home Change the Future of Office Space?

With vaccines rolling out across the globe, many see a light at the end of the tunnel for the COVID-19 pandemic. But government-imposed lockdowns and social distancing restrictions in response to the pandemic have had major effects on the working lives of office-based employees. For much of 2020, many employees worked from home (WFH), and survey-based data show that the appetite has grown for more permanent flexible working arrangements. Many employers appear to be acknowledging this desire for more hybrid remote work as they assess longer term office space requirements. What are the potential impacts on office space, commercial real estate, and urban centers from this kind of shift?

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What Does a Post-vaccine World Look Like For Real Estate Valuations?

The past year has been one of considerable disruption in the way we live, work and play.  We have seen shifts in sentiment around the value of the real estate in which we conduct these daily activities. As we look to a post-vaccine world where a return to normal is in sight, we are asking ourselves: How much of the distress has been temporary and what has been permanently impaired?  At CenterSquare we have found that when it comes to real estate valuations, the REIT market offers early insight into the direction of pricing, with the private market eventually catching up. As we look out over the next several years, the REIT tea leaves provide a great deal to consider.

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