City of Austin looks to the future

The City of Austin Employees Retirement System has
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‘Quiet accumulation’ of US reforms raising financial crisis risk: Stanford scholar

‘Quiet accumulation’ of US reforms raising financial crisis risk: Stanford scholar

A string of individually defensible US regulatory changes made since 2025 is weakening both the private and official checks on risk-taking, according to Stanford University Hoover Institution senior fellow Ross Levine, who warns the combination is raising the risk of a future financial crisis.

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Looking less at the scoreboard

Traditional performance monitoring reports do more harm than good, argues Phil Edwards, who suggests a more effective monitoring framework shifts the focus away from performance numbers and towards the fundamental characteristics of the stocks held in the portfolio, perhaps borrowing some elements from private markets.

NZ Super reviews reference portfolio

The NZ$43 billion ($27 billion) New Zealand Super Fund is undergoing its five-yearly review of its reference portfolio, an innovative and unique asset allocation reference point that allows the fund to benchmark the performance of its actual portfolio and any value added through active management.

Bridgewater and UTIMCO talk China

The $41 billion University of Texas Investment Management has been investing in China since 2007 and its CIO, Britt Harris says it “must be taken seriously”. Presenting at the endowment's board meeting, co-CIO of Bridgewater, Bob Prince, agreed, saying “China is too big to avoid”.

OTPP bucks trend, keeps buying bonds

Just as some of the world’s largest pensions funds sell down their fixed income holdings in favour of equities and private assets, Ontario Teachers’ Pension Plan has been buying more in 2019 as it seeks to rebalance the portfolio in the event of an economic downturn.

Healthcare’s multiple opportunities

William Haseltine had a long career at Harvard Medical School, educating a generation of doctors, and designing the strategy to develop the first treatment for HIV/AIDS. He addressed the Fiduciary Investors Symposium about important topics in medicine and health development.

MMT: A solution to broken policy?

The solution to slowing global growth lies in a new way of thinking, Stephanie Kelton, a leading Modern Monetary Theory scholar at Stony Brook University and senior economic advisor to presidential candidate, Senator Bernie Sanders, told delegates at the Fiduciary Investors Symposium at Harvard University.

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