The Netherlands' Central Bank has warned the country's pension funds that their €150 billion ($177 billion) investments in tech companies, representing almost 43 per cent of their listed equities portfolios and 8 per cent of their total balance sheet, is at risk from a potential AI bubble.
The volatility in global markets has prompted the $154 billion CalSTRS to an underweight global equities position, moving assets into cash, its chief investment officer, Chris Ailman, said.
China is the largest investment destination for Temasek Holdings, with Bank of China and China Construction Bank two of its most significant holdings. Finding investment opportunities in Asia is also the key focus for the Singaporean investment company.
A new paper by State Street Associates looks at signals for determining emerging markets currency depreciation as part of an overarching theme that concentrates on the enhanced value of combining indicators of risk and behaviour. Amanda White spoke to one of the authors, David Turkington.
The Norwegian Government Pension Fund has outsourced the management of its Spanish equities to one of the country’s top-performing managers.
The National Pension Service of Korea will outsource 26 trillion Korean won – the equivalent of $23 billion – to external funds managers this year as it moves towards its 2015 strategic asset allocation which will see a dramatic increase in equities and alternatives.
The equity risk premium has come in for some renewed analysis in the past couple of years as investors attempt to reconstruct their portfolios to defend against any future fat-tail events.
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