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Real and Private-Value Assets
Investor Profile
A rock and a hard place: GEPF on the challenges of transitioning coal
Reducing exposure to the risk in coal is particularly challenging for South Africa’s $122 billion Government Employees Pension Fund. ESG manager Belaina Negash explains the complexities due to the industry's tie with the economy and the fund's transition framework.
Sarah RundellAugust 12, 2025
Organisational Design
Why investors must engage on the growing threat of antimicrobial resistance
Will antimicrobial resistance derail decades of medical and economic progress, or can coordinated action avert a global crisis? Anastassia Johnson, researcher at the Thinking Ahead Institute, examines the growing threat of drug-resistant infections and the role investors can play in driving sustainable solutions.
Anastassia JohnsonAugust 5, 2025
Asset Allocation
University of California: Less is more and simple is better in investing
Jagdeep Singh Bachher, the CIO who oversees the University of California's $198 billion in pension and endowment assets, says that he wants to keep investment simple as the fund removed its hedge fund allocation completely, conceding "it’s not one of the things we are good at doing".
Sarah RundellJuly 31, 2025
Equities
New study flags risk in Dutch pensions’ concentrated stock strategy
Under strict ESG guidelines and pressure to closely engage with their investee companies, Dutch pension funds have developed an affinity for concentrated equity allocations with some owning as few as 65 stocks in their entire portfolio. But the Erasmus University flagged the diversification risk and higher volatility the strategy introduces.
Darcy SongJuly 31, 2025
Organisational Design
Change management in action: CalSTRS lays out how it’s integrating AI
In a recent board meeting, CalSTRS staff outlined how they are integrating AI into the investment process in line with its commitment to be an early adopter of the technology, including writing a set of generative AI policies and guidelines, conducting a cost-benefit analysis and identifying scalable use cases.
Sarah RundellJuly 29, 2025
Technology
Large language models to spark ‘sea change’ in investment analysis
Andrew Lo, finance professor at the MIT Sloan School of Management, believes large language models can bridge the gap between fundamental and quantitative investing in a way that was unfathomable five or 10 years ago, and create ‘quantamental’ investment strategies which would bring together the best of both worlds.
Darcy SongJuly 28, 2025
News
GIC ups US equities allocation despite valuation worries
Singapore's GIC boosted its US equities allocation in the year to March 2025 despite the expectation that high valuations could "provide a challenging backdrop for forward returns”, according to the fund's latest annual report released on Friday.
Darcy SongJuly 25, 2025