Norway’s Ministry of Finance warns ESG may get more challenging

Democratic erosion, protectionism, inter-country rivalry and economic decoupling will have implications for economic growth and financial returns ahead, warns a recent White Paper from Norway’s Ministry of Finance, guardian of the giant $1.3 trillion Government Pension Fund Global (GPFG). Both financial and non-financial risk will increase as the economic centre of gravity increasingly shifts towards … Read more

China’s Next Chapter: Reopening, Recovery and Beyond

Key Takeaways China’s economic policy has shifted to growth, COVID-19 restrictions have been lifted, regulatory rhetoric has relaxed and the tone toward the property and private sectors has become more supportive. While we expect China’s growth momentum to improve further in the coming months, a hard-hit property sector, aging demographics and geopolitics remain headwinds to … Read more

All About Alpha: Portfolio Construction in a New Reality

Key Takeaways Unpredictable markets and elevated economic uncertainty may call for a more deliberate approach to portfolio construction. A stronger tilt toward dynamic active strategies may help deliver alpha on a more consistent basis. Allocations that mix traditional public equities and fixed income with hedge funds and private alternatives such as infrastructure, real estate and … Read more

West Virginia CIO fears anti-ESG politics threaten fiduciary independence

Like many other US pension funds, West Virginia Investment Management Board’s (IMB) proxy vote has been a lightning rod for anti-ESG sentiment. CEO/CIO, Craig Slaughter explains why he fears recent legislative changes could herald the beginning of a threat to the fund’s fiduciary independence.