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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Washington works to be the best LP

Private equity has been a stand out for the $130 billion Washington State Investment Board and CIO Gary Bruebaker says the real trick is attracting the top general partners. That means making sharp investments, being true to your word and nurturing the relationship.

Australia’s rethink for the Future Fund

The CIO of Australia’s A$175 billion sovereign wealth fund, Raphael Arndt, sees a time on the not-too-distant horizon when the assumptions that have shaped investment strategy will no longer hold true. He’s working on a more comprehensive process for this challenging new world.

Income inequality a global threat

From human rights to executive pay, the list of factors adding to global income inequality is growing, as is investor concern over the rising potential for financial and economic destabilisation.

New CIOs at NZ Super, NYC and CalPERS

NZ Super, New York City’s Bureau of Asset Management and CalPERS have all named new CIOs. Here's what you need to know about them.

REST case to set climate risk precedent

An Australian case brought by a millennial against his pension fund is a world first and will make law on whether trustees breach their fiduciary duties when they ignore climate change.

ESG obligations a recipe for disaster

Hardly a day goes by without some communication on ESG investing. It seems everyone is getting on the bandwagon. But peers that Paul Bevin speaks to have concerns that virtue may come at a price.