NBIM transparently explains half year results

One of the most famous attractions in Norway, Pulpit Rock.

The semi annual report of the giant Norway soverei
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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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Investors put private equity performance under the microscope

Investors are seeking better performance attribution in private markets to better understand underlying return drivers – especially in private equity, where metrics such as IRR or multiples are increasingly criticised for being opaque. HarbourVest made the case for an alternative attribution method at FIS Harvard.

The ‘space economy’ is a legal and literal vacuum for investors

The looming SpaceX IPO has put the spotlight firmly on the so-called ‘space economy’, but asset owners have been urged to exercise caution about investing in a sector that still resembles the wild west, with no legal or governance framework to protect capital. That’s not to say money will not be made, but it might not be in the areas investors first expect.

The twin forces rewriting the rules of investing

Portfolios built for the old world will be severely tested as emerging forces rewrite the rules of investing. The Fiduciary Investors Symposium heard that geopolitical and macroeconomic upheaval, together with the disruption wrought by AI, should force asset owners to rethink the structure and composition of portfolios.

CPP outlines risk playbook for a new world order

The $570 billion CPP Investments is strengthening efforts around scenario analysis as volatile fiscal, geopolitical and economic risk factors plunge the macro environment into a state of flux, with the fund naming four scenarios for the future world order within its risk management framework.

Asset owners must prepare for ‘fast and furious’ AI debt wave

Corporate AI implementation is accelerating, not decelerating, all around the world, and the capital need is vast, with significant debt issuance still to come. Asset owners have to decide where they want to get involved, and how.

Credit market flashes warning sign for software investors: SVP

The credit market is seeing elevated default rates that could climb over the next few years, spelling trouble for software investors, according to the founder and CIO of Strategic Value Partners. Red flags are also showing up in private credit.

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