Darcy Song, Author at Top1000funds.com

Asset Allocation

Fordham University dials up growth equity, cools on private credit

Fordham University CIO Geeta Kapadia is cutting back on private credit, calling it an asset class “less able to financially engineer returns” in a higher-rate world. She’s instead redirecting the $1.1 billion endowment to venture and growth equity and entrusting larger mandates to a smaller roster of high-conviction managers.

Darcy SongOctober 21, 2025

Infrastructure

APG’s answer to aligning government and investment goals in infrastructure

An increasing push to invest in home markets means asset owners need better frameworks for aligning government expectations with investment goals. APG’s three-pronged approach for public infrastructure investments could act as a guide for other investors looking to balance fiduciary duty with political demands.

Darcy SongOctober 16, 2025

FIS Stanford 2025

Condoleezza Rice: Globalisation’s borderless era is coming undone

Condoleezza Rice, the 66th US Secretary of State and current director of Stanford University’s Hoover Institution, said the new world order will have several characteristics of which there are already signs: more protectionist trade policies, a redistribution of security burdens, and louder voices for those marginalised in globalisation.

Darcy SongOctober 14, 2025

News

How leading asset owners maintain TPA discipline

Rolling out a total portfolio approach is rarely a linear process, as even its most experienced practitioners warned that without careful resistance to old language, culture and structure, asset owners can easily slide back into the “comfort” of strategic asset allocation. A new report unpacks how leading funds stay disciplined.

Darcy SongOctober 9, 2025

FIS Stanford 2025

Why China could trigger a Taiwan crisis without firing a shot

Former US deputy national security adviser Matt Pottinger has warned that China could spark “a very serious crisis” in Taiwan without even resorting to a full-scale war – an escalation he said could occur within the current Trump administration.

Darcy SongOctober 6, 2025

FIS Stanford 2025

When states lose the ability to govern, populism rises

Stephen Kotkin, global geopolitical expert and Stanford academic, has warned that there is an “increasing governability challenge in high-income democracies” where government departments face declining capacity to perform core functions due to complex regulatory systems and bureaucratic tasks.

Darcy SongOctober 3, 2025

Darcy Song

The latest

Asset Allocation

Fordham University dials up growth equity, cools on private credit

Infrastructure

APG’s answer to aligning government and investment goals in infrastructure

FIS Stanford 2025

Condoleezza Rice: Globalisation’s borderless era is coming undone

News

How leading asset owners maintain TPA discipline

FIS Stanford 2025

Why China could trigger a Taiwan crisis without firing a shot

FIS Stanford 2025

When states lose the ability to govern, populism rises

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