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How are investors positioning portfolios and managing short and-long term risks in the current environment?[vc_quotes layout=”accordion” 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title=”Moderator” el_class=””][vc_empty_space height=”10px”]
Key takeaways
Ben
Going forward, private equity will represent the best opportunity to exceed our target return. We are exploring unique ways to increase our exposure.
We cannot hide from risks if we want to hit the target return.
We have invested time in building a balance sheet liquidity management framework
Not all uses of liquidity are equal, nor are the sources (in terms of costs or reliability for example).
Our pre-emptive planning work around 10 pathways to liquidity on demand helped up keep calm and carry on.
We see the greatest opportunity in private markets.
Ronald
In the first 8 weeks of the crisis we focused on modelling 3 scenarios – ‘the good, the bad and the ugly’.
High inflation rate would be a surprise but a possible scenario (for example price rises in petrol or medicines due to high consumption).
The Florida State Board of Administration has made some strategic moves to take advantage of opportunities in the dislocation, including in private equity, distressed debt and active listed equities.. But CIO, Ash Williams, is concerned about the underlying real economy.
In this Fiduciary Investors series podcast Amanda White talks to Iain Begg, Professsorial Research Fellow at the European Institute, London School of Economics and Political Science, about the economic and social turmoil of COVID-19 and the robustness of the EU to deal with this economically.
Esther Duflo, the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT and current Nobel Prize winner in Economics discusses the impact of the coronavirus pandemic on developing countries, and the role that investors can play in alleviating poverty.
In this Fiduciary Investors Series podcast Amanda White talks to Henry Richards, who is the project lead on the Future of the Corporation at the British Academy. The discussion is part of our exploration of purposeful companies and the premise that we need to redefine business in the 21st century to build trust between corporations, investors and society.
In this Fiduciary Investors Series podcast Amanda White talks to chief executive of the Sustainability Accounting Standards Board, Janine Guillot, about stakeholder capitalism and the role investors can play in shifting the dial. We discuss the value SASB can play as a tool for decision making and how stakeholder issues can impact performance.
To respond to the current and urgent threat of COVID-19, and to lay the groundwork to deal with what may be permanent changes for the industry after the crisis, real estate leaders must take action now.
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