More than $4 trillion a year in investment is needed over the next 30 years to meet the goal of net zero by 2050, asset owners have been told. Arun Majumdar, dean of Stanford University’s school of sustainability describes it as the “defining challenge and opportunity of the 21st century”
After a slow and steady research and development phase, the “big bang” moment of last year’s ChatGPT launch will kick off a slew of innovations that could rival the internet for their profitable application to investible businesses, says tech equity analyst Owen Hyde of Jennison Associates.
The CIOs of three global pension schemes have told the 2023 Fiduciary Investors Symposium they are re-evaluating or reducing their exposure to the world’s second largest economy as tensions between the US and China escalate. But they are resisting total divestment to a country that still dominates emerging markets benchmarks.
Recruitment firm Egon Zehnder has been appointed to do a global search for the next CEO of the Australian Retirement Trust following the resignation of Bernard Reilly two years after the pension fund’s formation by the merger of Sunsuper and QSuper.
Australia’s sovereign wealth fund has handed mandates to external active managers and built a dedicated treasury management function, six years after going all-in on passive index strategies. It is is also on the hunt for early stage venture opportunities as it continues to forecast challenging conditions and higher persistent inflation.
The discourse around ESG investing may be “messy” but Mercer’s global chief investment strategist, Rich Nuzum, says media and political scrutiny can help sharpen the focus of pensions and sovereigns on their objectives and duties.
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FIS Stanford 2023