Bridgewater: The complexity of assessing corporate decarbonization

Assessing the credibility of carbon transition tar
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Future Fund sees EM shifts widening alpha opportunities; CEO to depart

Future Fund sees EM shifts widening alpha opportunities; CEO to depart

Australia’s Future Fund has highlighted strong performance in global equities, particularly in Japan and emerging markets, as a key return driver for its last reporting period. Despite increased concentration in EM indexes, new CIO Richard Brandweiner said it could lead to more alpha opportunities. Meanwhile, CEO Raphael Arndt said the time has come for a “fresh leader” to steer the fund as he prepares to close out a close to two-decade tenure with the $255 billion investor.

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Reports of America’s decline greatly exaggerated: Kotkin

Reports of America’s decline as a geopolitical and economic power are exaggerated, and the noise investors should learn to ignore is really only the presidency itself, celebrated historian Stephen Kotkin told the Fiduciary Investors Symposium at Harvard.

Responsible investing remains ‘common sense’: MassPRIM chair

Trustee of Massachusetts PRIM and state Treasurer Deborah Goldberg said investing with a stewardship and sustainability-conscious approach remains “common sense” for the $116 billion fund, though she said it has been harder for the investor to access some ESG-related information from managers and companies.

How the Future Fund built a TPA culture that scales

The total portfolio approach has allowed Australia’s sovereign wealth fund to capture the themes that will power markets and economies for decades to come, said director of thought leadership Craig Thorburn – but that doesn’t mean it’s not hard to scale.

Crisis the real test of LP-GP relationships

When Blue Owl Capital came under sustained media pressure over redemptions to its private credit funds, Michael Hitchcock, chief executive of the South Carolina Retirement System Investment Commission (RSIC), didn’t waver. He thinks that what allocators learn from their managers in a period of crisis tells them more than any official due diligence could.

Fed independence a key US inflation variable: Former CEA chair

The path of US inflation hinges on the future of the Federal Reserve, with leading Harvard economist and former Obama administration Council of Economic Advisers chair Jason Furman warning that another variable for inflation is whether the central bank can remain independent.

Public equity manager challenges the case for private

Loomis Sayles’ Aziz Hamzaogullari has questioned whether asset allocators are giving private equity more credit than it is worth, saying the case for investing in PE rests on flawed return measurement, hidden risks and high fees and that public equities should be treated with the same “patience” that PE receives.

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