Norway’s KLP drops defence groups because of weapon sales to Israel

Norway’s NOK 878 billion ($87 billion) Kommunal
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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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Operational excellence as critical as asset allocation for success

Asset allocation is often nominated as the most important element in long-term investment performance. But the Fiduciary Investor s Symposium at Stanford University heard that no investment strategy or process can operate in a vacuum – it can’t happen effectively without operational excellence.

Get on board: why the megatrend is your friend

Megatrends are the forces that will shape our planet, our society and our lives decades into the future. The Fiduciary Investors Symposium at Stanford University heard Megatrends provide potentially rich pickings for investors, as long as they know how to use them,.

Politics rivals profits for portfolio influence, says Bridgewater co-CIO

Bridgewater co-CIO Greg Jensen said government policy has steadily increased in influence over the economy and portfolio construction over the past 20 years and now outstrips the importance of private sector incentives. He says the pace of deglobalisation is a key trend for institutional investors to keep abreast of.

The hands and feet of AI and the renewable energy transition

A foundation stone of the transition to renewable energy - semiconductors - is paradoxically a major contributor to the problem it’s helping to solve. How asset owners think about investing in a solution that is also part of the problem is a challenging and complex task.

AI could be ‘as big as the internet’ for investors

After a slow and steady research and development phase, the “big bang” moment of last year’s ChatGPT launch will kick off a slew of innovations that could rival the internet for their profitable application to investible businesses, says tech equity analyst Owen Hyde of Jennison Associates.

Pension CIOs re-evaluate China exposure

The CIOs of three global pension schemes have told the 2023 Fiduciary Investors Symposium they are re-evaluating or reducing their exposure to the world’s second largest economy as tensions between the US and China escalate. But they are resisting total divestment to a country that still dominates emerging markets benchmarks.

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