Future Fund adds risk for short term
The CIO of Australia’s sovereign wealth fund has added risk to the portfolio showing optimism about the short-term outlook but remains cautious about the medium and long term.
The CIO of Australia’s sovereign wealth fund has added risk to the portfolio showing optimism about the short-term outlook but remains cautious about the medium and long term.
The $268 billion PGGM mapped its entire portfolio based on the effects it had on ‘the people and the planet’. For the sustainability-focused giant, the results were surprising.
The Church of England’s $11.1 billion endowment emphasises having plans in place before markets become minefields. CIO Tom Joy also goes against trends, and he’s most particular about managers.
Choices people make when they enter defined-contribution schemes tend not to change, even after fraud allegations, a paper from behavioural economist Richard Thaler and other academics states.
The Ireland Strategic Investment Fund pours money into private markets in the local economy that are underserved, to spark GDP growth. Despite challenges finding opportunities, it works.
Many investors are ridding their portfolios of assets that contribute to human suffering, but that may not go far enough. Tim Hodgson writes that a global fix requires something far more bold.