Debt beats equity in data centre boom as scarce capital lifts credit yields

(From left to right): The Future Fund's Tammi Fisher, Blue Owl's Patrick Lawler, and IMCO's Jennifer Hartviksen.

(From left to right): The Future Fund's Tammi Fisher, Blue Owl's Patrick Lawler, and IMCO's Jennifer Hartviksen.

Red-hot demand for data centres and a lack of infr
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Condoleezza Rice: Globalisation’s borderless era is coming undone

Condoleezza Rice: Globalisation’s borderless era is coming undone

Condoleezza Rice, the 66th US Secretary of State and current director of Stanford University’s Hoover Institution, said the new world order will have several characteristics of which there are already signs: more protectionist trade policies, a redistribution of security burdens, and louder voices for those marginalised in globalisation. 

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Investors unpack regime-based portfolio thinking 

Funds are operating in an extraordinary environment, with Scott Chan, chief investment officer of CalSTRS, saying he has never witnessed so many “large shifts stacked on top of the other” in his investment career. Amid the change, investors are increasingly shifting to a scenario and regime-based asset allocation.  

AI investors face post-Moore’s Law reality

Mark Horowitz, a leading computer scientist and electrical engineer at Stanford University, has declared that Moore’s Law is “basically over”, which will have significant ramifications for artificial intelligence investors who are counting on more computing power to feed into more complex models.  

Public-private partnerships key to fixing US infrastructure

The size of the current infrastructure investment gap and the speed at which it is widening mean there is both a desire and a need for more public-private partnerships to unlock funding. Investors say that collaboration with local governments and raising public awareness of private investment benefits are crucial. 

Federal backing vital for US innovation: Stanford president 

Stanford president Jonathan Levin said the university’s top priority is maintaining the partnership with the federal government while safeguarding its operational freedom, as the institution balances financial reliance on Washington and political scrutiny from the Trump administration. 

Why CalPERS doesn’t want to miss the climate revolution

If CalPERS had put more money into the Silicon Valley companies in its own backyard earlier it might be fully funded by now, jokes its sustainable investment head. But it won’t miss the same opportunities in climate investing.

AI beyond the black box

The artificial intelligence revolution is taking place against a backdrop of rising fiscal deficits and a realignment of the geopolitical order. Applying cutting-edge AI technology to navigate markets is helping asset managers such as Bridgewater make sense of a shifting landscape.