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
News

Danish investors shun the US but complete divestment ‘unlikely’

Darcy SongJanuary 22, 2026
News

Distinct LP roles drive scale in impact investing market

Darcy SongJanuary 15, 2026
News

Thinking Ahead Institute co-founder exits amid deeper integration with WTW

Darcy SongJanuary 13, 2026
News

NBIM dethrones GPIF to become the world’s largest asset owner

Darcy SongDecember 5, 2025
Sort content by
News

Sweden’s AP2 and AP6 conflict over PE investments

The Swedish government’s plans to streamline the country’s pension system and merge the $8 billion buffer fund AP6 with its larger and more diversified sibling, the $48 billion AP2, have hit a bump in the road. Major points of contention include AP6's large private equity exposures and staff integration. 
Sarah RundellDecember 4, 2025
News

Limited alternatives keep global capital anchored to the US

Singapore’s Temasek said while US exceptionalism may be “fraying”, there aren’t many alternative markets that can handle the same volume of global capital. Meanwhile, fellow sovereign fund GIC believes the greenback’s reserve currency status remains solid even though currency swings could spell trouble for foreign investors.
Darcy SongNovember 26, 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
View more articles