Geopolitical volatility and portfolio resilience

The term lost decade, or lost decades, is generall
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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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TRS rethinks proxy benchmarks on climate

Texas Teachers has kicked back against its proxy advisor ratcheting up voting powers on companies subject to its benchmark policy climate provisions. Rather than blindly follow climate voting advice, TRS will introduce a customised benchmark to give it freedom to vote in accordance with the pension fund’s "best economic interests".

Kotkin warns of Ukraine break up as key geopolitical risk

It is not war between Russia and Ukraine that investors should be concerned about, according to Professor Stephen Kotkin, but the destabilising effects of Russia’s actions that could impact globalisation and harm the west. Watch this video interview with Princeton University's geopolitical expert.

CalSTRS’ cautious outlook

CalSTRS' long-time CIO, Chris Ailman, is cautious about the outlook for markets with his "spider senses" working over time trying to understand the hidden risks in the economy. He told Amanda White the fund will focus the year on allocating to diversifying strategies and climate solutions.

Internalisation drives value added for large funds

Size matters in institutional investing, but how exactly does it result in better returns? Research by CEM Benchmarking shows large, internalised, active investors produce more net value added than small, externalised, passive investors. Internalising private markets is a significant predictor of value add.

PensionDanmark’s alternative ambition

Danish pension fund PensionDanmark is not only providing its members with robust returns, it's also leading Denmark's ambitions to become the "new Norway" but in green energy rather than oil and gas.

UNJSPF vows to explore impact and streamline governance

The United Nations Joint Staff Pension Fund plans to explore impact investment for part of the $90 billion portfolio including in developing and emerging markets like Africa, and boost diversification of its investments across developed, developing and emerging markets.

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