27.11.2014 - World’s Biggest Wealth Fund Hunts for Tailored Benchmark Index
Norway’s $860 billion sovereign wealth fund, the world’s largest, says designing benchmark indexes that give its portfolio managers greater investing freedom will help drive up returns. “A large investor may wish to carve out some capital and allocate risk to active portfolio managers with the aim of enhancing the fund return,” it said in a report published on its website today. “A large investor may wish to design non-market capitalization weighted benchmarks to maximize the benefit to the investor of the stock picking ability of active portfolio managers.”..........................................Full Article: Source
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