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Could Norway’s SWF really disappear?

Could Norway’s SWF really disappear?

Rising geopolitical risks and an AI correction could severely impact the value of the $2.2 trillion Norwegian sovereign fund, according to its CEO Nicolai Tangen, who went so far as to say the fund could "disappear."

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A roadmap for culture and purpose

This third article about the recently released CFA Institute report, the Investment Professional of the Future, looks at a roadmap for investment firms for developing culture and purpose. Specifically the report recommends that firms enhance the employee experience, invest in empowering leadership, and become change-savvy.

Hiding behind diversification

Modern portfolio theory has created the impression that diversification is always a good thing, but asset owners could benefit from a more sceptical attitude. This article suggests over-diversification favours managers at the expense of returns to investors.

CalPERS wrestles governance change

CalPERS is poised to reduce the number of investment committee meetings, and the size of the committee, as it strives to boost returns.

Texas Teachers revamps AA, adds leverage

The board of the $154 billion Teacher Retirement System of Texas has approved changes to its strategic asset allocation as a result of its latest five-year study, increasing its allocation to private markets, risk parity and introducing leverage.

South Carolina ramps up PE

The $31.3 billion South Carolina Retirement System Investment Commission has launched a co-investment private equity program in a bid to reduce risk and enhance returns. Partnering with Chicago-headquartered GCM Grosvenor, RSIC will tap Grosvenor’s own private equity deal flow, as well as introductions to the manager’s GP network.

UTC and AEW build recipe for RE success

Industrial group UTC and global real estate manager AEW have structured a joint-venture investing in value-add real estate. In a relationship forged on trust and friendship, the allocation has grown to become the corporate pension fund’s best performing asset class.

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