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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=”Speakers” el_class=””][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.
How have different governments around the world responded to the health and economic crisis and what are some of the innovative responses that will stimulate the economy and ensure a sustainable recovery?
This session examines the rapidly changing risks to the global economy and the need for new ways of behaving, making decisions and even reversing decisions.
In our second feature looking ahead to FIS 2020, we highlight how the conference will focus on growing calls for a sustainable recovery and purposeful companies. Nobel prize winner Esther Duflo will talk on solutions to inequality, magnified during the pandemic.
In this Fiduciary Investors Series podcast Amanda White talks with Geoffrey Rubin, chief investment strategist at CPP Investments, which manages the investments of Canada’s largest pension fund with about C$410 billion of assets.
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