Car industry divided by race to zero

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Detroit’s car manufacturers risk Armageddon by s
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Could Norway’s SWF really disappear?

Could Norway’s SWF really disappear?

Rising geopolitical risks and an AI correction could severely impact the value of the $2.2 trillion Norwegian sovereign fund, according to its chief executive Nicolai Tangen, who went so far as to say the fund could "disappear." The warning is a stark one for the world's largest sovereign wealth fund, whose 70 per cent equity allocation leaves it heavily exposed to any sharp correction in global and particularly US tech markets.

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WTW’s Urwin defends TPA value-add as attribution scrutiny intensifies

Roger Urwin, one of the industry’s most well-known proponents of TPA, has defended it against the growing scepticism of its reported performance edge over SAA, saying “TPA is a system” and any performance attribution is difficult to isolate from the broader context each fund operates in. In an interview with Top1000funds.com, he also weighs in on whether some funds are inherently unsuitable for implementing TPA.

Future Fund: AI world order defined by US-China split will hurt capital owners

A geostrategic standoff between the US and China over AI would be “extremely damaging for capital owners” according to the Future Fund, Australia’s A$337 billion ($237 billion) sovereign wealth fund, which outlined four “secular scenarios” around AI and its investment implications.

Texas ERS reallocates to managers to help navigate concentrated equity market

Texas ERS' CIO David Veal says the fund is re-allocating around a quarter of its public equity portfolio to external managers, away from the internal team. ERS plans to upsize with existing fundamental mandates but also allocate to new incremental relationships with diversifying strategies.

Border to Coast hunts strategic partners as private markets set to surge

The UK’s LGPS pool, £120 billion ($161 billion) Border to Coast, is hunting for strategic relationships with asset managers and global asset owners as it prepares to invest £40 billion in private markets. Chief executive Rachel Elwell speaks to Top1000funds.com about the fund's approach to finding long-term partnerships in the market.

China in ‘very precarious’ position as debt strains investment-led growth model

Michael Pettis, leading expert on China’s economy and financial markets, says investors should be concerned about the nation’s record total-debt-to-GDP ratio as it threatens to strangle the investment-led economic growth model it has maintained for decades. In the latest episode of the Top1000funds.com podcast, Pettis unpacks why China’s pivot to a consumption-led society will be painful.

GPIF puts passive managers at the forefront of corporate stewardship

Passive equity managers accounted for 62.6 per cent of the engagement activity conducted on behalf of Japan's $1.86 trillion Government Pension Investment Fund last year, as the pension giant pushes index-tracking strategies to take on a bigger share of its stewardship load.

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