Darcy Song, Author at Top1000funds.com

Featured Story

NYC Comptroller on corporate stewardship escalation, Israel bonds re-entry

New York City Comptroller Mark Levine says he will leverage the city’s $310 billion pension assets and link arms with other state Treasurers to apply pressure on US corporates. In an interview with Top1000funds.com, he sets out the stewardship agenda while explaining a potential re-entry into Israel bonds.

Darcy SongFebruary 27, 2026

Investor Profile

Iceland’s LV mulls more EM exposures, PE co-investments after SAA review

Iceland’s LV is eyeing more emerging markets allocation and private equity co-investments after conducting an SAA review, which will be finalised in the first half of 2026. CIO Arne Vagn Olsen says the shift is designed to make the $11 billion pension fund future-ready.

Darcy SongFebruary 26, 2026

News

Texas Teachers’ CIO questions TPA, DAA value-add

Chief investment officer of the $225 billion Teacher Retirement System of Texas Jase Auby has voiced reservations about the total portfolio approach, particularly regarding the robustness of its central feature, the top-down decision-making process. He also outlined why the fund doesn’t consider dynamic asset allocation a durable source of alpha.

Darcy SongFebruary 19, 2026

Infrastructure

Aware Super mulls return to infra funds; builds AI-driven data edge

Aware Super is considering a return to infrastructure funds after years of favouring direct investments. The infrastructure allocation currently stands at $15 billion and the fund sees benefits to access a “broader set of offerings” and opportunity sets via fund commitments to GPs, its head of infrastructure Mark Hector says.

Darcy SongFebruary 17, 2026

Organisational Design

Why asset owners should not outsource innovation

Asset owners have traditionally counted on external asset managers to pursue bold innovations rather than stretching their limited internal resources to do so. But leading Stanford academic Ashby Monk has warned in a new paper that this long-standing model is distilling short-term thinking in pension management.

Darcy SongFebruary 13, 2026

Risk

NBIM quantifies the portfolio threat of economic fragmentation

An economically fragmented world, where different economic blocs refuse to collaborate, impose tariffs and restrict foreign investments, would have disastrous consequences on the $2.2 trillion portfolio of Norges Bank Investment Management. Its latest stress test offers a rare glimpse into the concrete portfolio impact of deglobalisation.

Darcy SongFebruary 9, 2026

Darcy Song

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