Stephen Gilmore joined the Guardians in 2019 and as chief investment officer, he is responsible for overseeing the asset allocation, responsible investment, external investments and partnerships, and direct investment teams.
Prior to this he was the chief investment strategist at the Future Fund, Australia’s sovereign wealth fund. In this role he was responsible for investment strategy, investment risk, derivative overlays and investment (technology) solutions, a team which acted as an interface between investment and technology. Earlier in his career he held senior strategy roles in London and Hong Kong with AIG Financial Products and Morgan Stanley. He has also worked with the International Monetary Fund in Washington, the Reserve Bank of New Zealand in Wellington, and Chase Manhattan in London.
Gilmore was previously a member of the Australian Foreign Exchange Committee and the Institute for International Finance Market Monitoring Group.
Stephen Gilmore
Investor Profile
Real assets a haven in likely stagflationary environment
An overweight position in real assets and private equity, and an underweight to equities and bonds positioned the Ohio School Employees Retirement System for success in the last year but CIO Farouki Majeed is now even more convinced a stagflationary environment is likely and is positioning the fund accordingly.
Amanda WhiteAugust 16, 2022
Asset Allocation
GPIF feels equity’s wrath; active equity reboot
Japan's GPIF feels the heat of see-sawing global equity markets in its latest quarterly results while the latest annual review reveals a shakeup in global active equity allocations in search of more manager diversification.
Sarah RundellAugust 8, 2022
Sustainability
Measuring outcomes is what really matters: Serafeim
Investors interested in ESG should be aware of the intensity of the commitment and develop their own deep expertise and impact-weighted accounts, according to ESG pioneer and academic, Professor George Serafeim. He will speak at the Sustainability in Practice event at Harvard University in September.
Amanda WhiteAugust 4, 2022
Manager Relationships
What long-term looks like: Tips for structuring mandates
The third edition of FCLTGlobal’s report, Institutional Investment Mandates: Anchors for Long-Term Performance provides a toolkit for mandate processes and behaviours to reorient towards the long term, including a rethink of KPIs that asset owners can use to evaluate their managers.
Amanda WhiteAugust 2, 2022
Investor Profile
New York State Common’s CIO on Russia, PE and diversity
Investments at New York State Common Retirement Fund, one of the largest pension funds in the US that also boasts a near fully-funded status is run by Anastasia Titarchuk. In an interview with Top1000funds.com she shares her investment outlook, thoughts on private equity and the importance of diversity.
Sarah RundellAugust 1, 2022
Technology
APG talks crypto: Those who got rich in the gold rush didn’t do the digging
APG’s chief economist Thijs Knaap and senior strategist Charles Kalshoven lay out the case for not investing in crypto. They find that only an expected return of 25% pa would make it worthwhile and even then there’s no cashflows. They argue pension funds can afford to ignore this asset.
Sarah RundellJuly 28, 2022
Sustainability
More ambition needed from asset managers on fundamental labour rights
Sharan Burrow, general secretary of the ITUC and Paddy Crumlin, president of the International Transport Workers’ Federation outline the recently released baseline expectations for asset managers on fundamental labour rights and why pension funds should be holding their managers to account.
Sharan Burrow and Paddy CrumlinJuly 27, 2022