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Future Fund sees EM shifts widening alpha opportunities; CEO to depart

Future Fund sees EM shifts widening alpha opportunities; CEO to depart

Australia’s Future Fund has highlighted strong performance in global equities, particularly in Japan and emerging markets, as a key return driver for its last reporting period. Despite increased concentration in EM indexes, new CIO Richard Brandweiner said it could lead to more alpha opportunities. Meanwhile, CEO Raphael Arndt said the time has come for a “fresh leader” to steer the fund as he prepares to close out a close to two-decade tenure with the $255 billion investor.

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Private equity: Florida SBA mulls CFOs as alternative to secondaries

Florida State Board of Administration (SBA) is exploring innovative new strategies in its private equity portfolio like Collateralized Fund Obligations and “NAV loans” to tap liquidity and reposition the portfolio as an alternative to selling in the secondaries market.

Profiting from war: Europe’s pension funds mull investing in defence

PensionDanmark says its decision to invest in ships for the Danish navy has been prompted by Russia's invasion of Ukraine. Other European pension funds are under pressure from policy makers to invest in defence but the sector doesn't sit comfortably with ESG priorities.

AP2 finds gender diversity takes backward steps at Swedish corporates

The proportion of female board members overseeing listed Swedish companies has edged downwards in the past year, currently back to 2022 levels. AP2's Female Representation Index finds some way to go until companies reach the goal of 40 per cent women on the boards.

UN pension fund slashes equity and pushes into impact and venture

The United Nations Joint Staff Pension Fund (UNJSPF) recently reduced the allocation to equity in its $92.5 billion portfolio in what Pedro Guazo, representative of the secretary-general (RSG) for the investment of the UNJSPF assets, describes as a conservative strategic allocation in response to the overvaluation in tech.

CalPERS’ plan to generate alpha from climate investments

CalPERS’ sustainable investment strategy is predicated on a belief it can generate outperformance by investing in climate solutions – with $100 billion to be allocated by 2030. Peter Cashion, managing investment director for sustainable investments tells Amanda White why, and how, it looks for climate alpha opportunities.

Temasek says structural demand and geopolitical risk impacting China

Singapore's Temasek explains why it has a cautious approach to investment in China and highlights the growing size of its allocation to private markets.

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