LGPS Central doubles in size; looks to add more alternatives

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In a rare interview, Jayne Atkinson, chief investm
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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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GIC, Temasek eye trillions of growth in climate adaptation market

Singapore’s two largest asset owners, GIC and Temasek, see attractive opportunities in climate adaptation solutions – a relatively underfunded area compared to decarbonisation. The former has already made selective adaptation investments and said the opportunity set across public and private debt and equity could increase to $9 trillion by 2050.

Kentucky CERS: Trustees push back on hurried oil and gas investment

The board of trustees for the $10 billion Kentucky County Employees Retirement System has knocked back the fund's request to invest in an oil and gas fund. It also expressed frustrations that a specially convened board meeting was called on short notice.

Spain’s Pensions Caixa 30: A complex world requires systems leadership

Yolanda Blanch, chair of Spain’s largest corporate pension fund Pensions Caixa 30, explains the importance of fostering an atmosphere of collaboration, communication and trust in pension fund management.

APG’s Wuijster reflects on investing more in defence

APG Asset Management, the largest pension fund provider in Europe, considers the arguments for investing more in defence alongside positioning the portfolio for more impact and infrastructure investment.

Afore SURA: Mexico’s pension fund muscles in on the big deals

CIO Andrew Moreno charts the growth of $60 billion SURA Mexico, which sits on 20 limited partner advisory committees and has helped steer government policies. It is opening the door to strategies that would normally be out of reach for Mexican savers, some of whom only have $5000 in savings.

Mercer global CIO flags ‘crisis of confidence’ in US market

The global CIO overseeing Mercer's $600 billion OCIO unit, Hooman Kaveh, has been advising clients to rethink the role of US assets in their portfolios by diversifying currency base and incorporating more active management. Speaking to Top1000funds.com, he warns of a “crisis of confidence” in the world’s largest capital market.

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