Food for thought: Investing in global food production

The inevitable move to more modern food production
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US endowment returns rocket on SpaceX windfall

US endowment returns rocket on SpaceX windfall

Early venture bets on SpaceX have ballooned into major portfolio positions at some US university endowments, with new analysis estimating the aerospace firm contributed as much as 10.6 percentage points to annual returns. Michael Markov, founder of US quantitative researcher Markov Processes International, says the windfall is now creating a concentration risk that investors cannot ignore.

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Democracy intact: Kotkin

The victory of Joe Biden over Donald Trump in the US general election is a “double repudiation” not just of Trump but of the “democracy in crisis crowd” who thought American democracy was under threat, argues historian and author Stephen Kotkin, Professor in History and International Affairs at Princeton University.

Investors need to get behind materiality

Oxford University professors Richard Barker and Bob Eccles explain why they are calling for investor support for an IFRS Foundation Sustainability Standards Board, which would focus its efforts on the sustainability information most relevant to investors.

Pension transparency needs a benchmark

A new Global Pension Transparency Benchmark – the first formal collaboration between Top1000funds.com and CEM Benchmarking - will launch in February 2021 ranking countries, via their underlying pension funds, on four factors: governance and organization; performance; costs; and responsible investing.

Investors wary of a fragmented world

As geopolitical risks increasingly stalk developed markets, asset owners sifting through the noise for long-term trends believe a fragmented world is here to stay. We spoke to CalSTRS, OPTrust, PFA and USS about the impact on their portfolios.

Is LDI fit for purpose?

An LDI approach, which included a large allocation to bonds and a lot of internal investment management, helped HOOPP survive the GFC and has served it well for the past 13 years. But now – with the COVID crisis and a very low interest rate environment – that approach is being revisited and the fund is looking to invest more in alpha generating assets, and external management.

Climate problem and industry ownership

Tim Hodgson, co-head of the Thinking Ahead Group, goes through an elaborate exercise to determine how much of the climate problem the institutional investment industry owns. The first step, he says, in finding a solution.

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