Temasek lifts China exposure by $7.7b, commits to doubling AI bet

Singaporean sovereign wealth fund Temasek saw its
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Asset Owner:Temasek Holdings

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Future Fund: AI world order defined by US-China split will hurt capital owners

Future Fund: AI world order defined by US-China split will hurt capital owners

A geostrategic standoff between the US and China over AI would be “extremely damaging for capital owners” according to the Future Fund, Australia’s A$337 billion ($237 billion) sovereign wealth fund, which outlined four “secular scenarios” around AI and its investment implications.

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Limited alternatives keep global capital anchored to the US

Singapore’s Temasek said while US exceptionalism may be “fraying”, there aren’t many alternative markets that can handle the same volume of global capital. Meanwhile, fellow sovereign fund GIC believes the greenback’s reserve currency status remains solid even though currency swings could spell trouble for foreign investors.

Minnesota overhauls governance as CIO gets more mandate power

Chief investment officer of the $150 billion Minnesota State Board of Investment will gain authority to hire and fire managers without board approval in a governance overhaul approved this week that will sharply fast-track decision-making. The change follows an 18-month asset allocation study which has resulted in some portfolio finetunes.

AUM at LPPI, Border to Coast and Central swell as UK mega pools take shape

UK pension funds LPPI, Border to Coast and LGPS Central are soaking up assets from Brunel and ACCESS as the country takes the next step towards creating mega pools in Local Government Pension Schemes, which collectively manage £392 billion ($522 billion).

How leading asset owners maintain TPA discipline

Rolling out a total portfolio approach is rarely a linear process, as even its most experienced practitioners warned that without careful resistance to old language, culture and structure, asset owners can easily slide back into the “comfort” of strategic asset allocation. A new report unpacks how leading funds stay disciplined.

South Carolina lifts private equity and credit as cashflow turns positive

The South Carolina Retirement System Investment Commission's improved liquidity position has allowed the plan to tilt its portfolio towards unlisted asset classes, including private equity and private credit. The fund grew fast thanks to funding reform, improved salaries, and positive investment returns and is now looking to boost long-term performance.

Debt beats equity in data centre boom as scarce capital lifts credit yields

Asset owners continue to weigh up the shifting risk-return attributes of the booming data centre sector including deal structures, refinancing, energy requirements, and the future of AI.

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