In the post-COP twilight with the initial assessment of pass or fail all written, institutional investors are rightly asking where we are up to at the end of 2022. Fiona Reynolds looks at what has changed and what remains the same.
John Pearce, chief investment officer of the A$115 billion UniSuper discusses his long-term view on China, inflation and the impact on the fund’s portfolio.
The $298 billion California State Teachers’ Retirement System (CalSTRS) has struggled to find meaningful investment opportunities to protect its portfolio against inflation, highlighting one of the key challenges funds potentially face as they grow, according to the fund’s chief investment officer Chris Ailman.
PRI’s CEO David Atkin has been conducting workshops with signatories to explore different pathways and seeking views around six themes around accountability, the PRI’s policy work and the diversity of signatories and their different needs. A report will be tabled to board of directors in February with recommendations.
Navigating the two challenges of heightened macro uncertainty and an increased allocation to private assets could require a fundamental evolution of the asset-allocation process, argue Grace Qiu Tiantian and Ding Li from Singapore’s GIC in a paper written with MSCI’s Peter Shepard entitled Building Balanced Portfolios for the Long Run.
The world is changing so rapidly, traditional five-year investment plans are increasingly difficult to implement. Asset owners, head-down and concentrating on just the next five-years, risk “opening the curtains” to find the world around them has moved on much faster than they realised, said Geraldine Leegwater, CIO, PGGM.
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