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The list of reasons to invest in APAC is compelling and institutional investors in the region are increasingly tapping the opportunities. Top1000funds.com looks at the different levels of income, volatility, efficiency and ultimately returns across the region.
active management, Asia, Franklin Templeton, GPIF, New Zealand Super
Senior executives from some of the world's largest private market managers gathered in Berlin this month with a collective understanding: managers who move slowly on AI face not just weaker returns but the risk of owning businesses that have been competitively displaced before they can exit.
After COP28 Tim Hodgson says the investment industry needs to decide whether the transition away from fossil fuels will be too little, too late or whether net zero by 2050, with all the associated transformational consequences, is possible. Either way the industry needs to “get really good at intertemporal risk management”.
COP28 in Dubai had all the ingredients for both decisive action and controversy, given the UAE's status as a significant fossil fuel producer. But importantly for this sector there was also financial innovation on display. FCLTGlobal’s Olivier Lebleu highlights some of the fund managers showing ingenuity at COP28.
NBIM has petitioned politicians to let it invest in private equity - again. Arguing for a 3-5 per cent allocation with large managers in developed markets, NBIM recognises it will be unable to cap fees like in its other allocations and will curb costs by developing a co-investment program.
CalSTRS has saved more than $1.6 billion in costs since 2017 thanks to its collaborative model approach, which brings more assets in-house and encourages the use of different investment vehicles. Now it’s looking to measure the other benefits including boosted returns and more control over risks.
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) Pension Fund, managing assets worth 1 trillion yen ($6.6 billion), is poised to increase investments in illiquid alternatives, including infrastructure private equity and debt aimed at maximizing returns.
Geeta Kapadia, CIO of Fordham University’s $1 billion endowment is rolling out a suite of changes that include paring back the fund's 50 or so manager relationships, introducing new passive allocations, testing the water on internal management in fixed income and preparing the ground for an inaugural sustainability strategy.
Top1000funds.com is the market leading news and analysis site for the world’s largest institutional investors. It focuses on leading the global investment industry to continuous improvement through case studies of best practice in governance and decision making, portfolio construction and efficient portfolio management, fees and costs, and sustainable investing.
The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.
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