We’ve entered a new phase where differences in pressures across countries are likely to drive central banks to “go their own way” managing policy around domestic conditions, resulting in increased macro volatility and potentially large differences in asset and FX returns. Is this the exception or a return to the norm? How is the forward-looking environment similar to the old school rates environment prior to the financial crisis, and how is it different? What are the risks and opportunities for investors.
The changing impact of monetary policy and the implications for investors
FIS Stanford 2025
Managing fat tails and risks in the face of contradictory signals
Global investors face the difficult task of setting asset allocation in an environment where the global macro-economic backdrop suggests chaos and downside risk but markets continue to perform strongly.
Simon HoyleSeptember 17, 2025
Equities
Future Fund flags expansion of active equity program
Emerging markets, Europe and Japan are all in focus for Australia’s sovereign wealth fund as it looks to ramp up active equities and diversify its exposures, as the fund grows wary of US markets amidst heightened political uncertainty.
Lachlan MaddockSeptember 11, 2025
Featured Story
Litigation, fees and structures: Why 401(k) plans won’t jump into alts, yet
President Trump has fired the starting gun on encouraging America's 401(k) plans to invest in private assets but corporate plans remain concerned about fees, structures and litigation. Meanwhile many DB funds are voicing their concerns about how it might impact access to investments, and alpha, and change the asset class.
Sarah RundellSeptember 9, 2025
Asset Classes
OMERS flags end to supercharged private equity returns
OMERS has warned that investors need to temper their expectations regarding the performance of more recent private equity vintages, as the favourable environment of high valuation multiples and low interest rates that spurred over a decade of superior returns begins to fade, said APAC head Ashish Goyal in Singapore.
Darcy SongSeptember 8, 2025
Opinion
The efficiency trap
Will the relentless pursuit of efficiency undermine our ability to build a resilient and sustainable future? Andrea Caloisi, a researcher at the Thinking Ahead Institute at WTW, explores how complex systems, driven by short-term optimisation, may be fuelling long-term fragility.
Andrea CaloisiSeptember 8, 2025
Investor Profile
PFZW’s IC chair explains why cutting equity names hones impact
Professor Dirk Schoenmaker, investment committee chair of the €250 billion ($291 billion) Dutch healthcare pension fund Pensioenfonds Zorg en Welzijn (PFZW), whose expertise has helped inform its "3D" investment strategy, explains why less is more in an equity allocation with fewer stocks.
Sarah RundellSeptember 4, 2025
News
CPP hires former AIMCo Singapore head to bolster TPA
After hiring former CalPERS' investment chief Ben Meng six months ago, Canadian pension giant CPP Investments has added another seasoned pension executive, Kevin Bong, to its investment team, in a sign that the C$732 billion ($530 billion) behemoth is staffing up to focus on alpha and enhance total portfolio management.
Darcy SongSeptember 4, 2025