Portfolio choice with path-dependent scenarios

Sophisticated investors rely on scenario analysis
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Beyond traditional asset allocation

Beyond traditional asset allocation

Today’s challenging climate has led diversified investors like GIC, Singapore's sovereign wealth fund, to explore different approaches to portfolio construction to build resilience. Grace Qiu and Ding Li, both senior vice presidents in total portfolio policy and allocation at GIC discuss their new research.

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$1 trillion funds need new incentives and investment styles: CPP

Funds of enormous scale will require a new cross-disciplinary approach, and innovative incentive and rewards schemes to foster the organisational culture needed, according to chief investment strategist at CPP Investments' Geoff Rubin, as it looks to move beyond a total portfolio approach to a "one fund" approach.

Investors prioritise governance, tilts and liquidity

In a wide-ranging session at the Fiduciary Investors Symposium at Chicago Booth School of Business investment executives from HOOPP, CalSTRS, USS and Cbus reflect on the need for strong governance in the current climate, diversification and liquidity.

Superior return, risk metrics driving rising allocation to private markets

Some of North America’s largest funds – including British Columbia Investment Management Company, CalPERS and Maryland State - are ramping up their allocations to private markets, building in-house talent to take advantage of private equity and co-investment deals.

Private equity beta is lower than many think

Private equity investments are consistently beating the S&P 500 with beta that is “less than you think,” according to one of the world’s leading academics on private equity, Professor Steve Kaplan.

CalPERS gearing up for global push into private markets

Building the expertise for direct investment in global real estate and infrastructure is a priority for the new CIO of the United States’ largest pension fund. Nicole Musicco spoke to Amanda White in an exclusive interview at the Fiduciary Investors Symposium.

Fed has inflation and recession risk under control

Raghuram G. Rajan, Professor of Finance at the University of Chicago and former Governor of the Reserve Bank of India, argues that Federal Reserve policy suggests inflation will start to come down. He reflects on the toxic risk of high levels of leverage combining with asset declines.