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Technology

HESTA prepares AI investment framework for total fund clarity

The A$98 billion ($64 billion) Australian super fund HESTA is laying the groundwork for a more systematic framework for using AI across its total portfolio, solidifying use cases in research, forecasting, risk management and private assets that all centres on the objective of “seeing risks earlier and clearer”.
News

US Department of Labor slams OECD on ‘Marxist’ ESG policies

The US Department of Labor has publicly condemned the OECD for “pushing members to politicise their pension systems by integrating ESG factors unmoored from returns”, declaring that it will no longer support the OECD's responsible investment principles and the concept of ESG "a Marxist march through corporate culture". 
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.
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