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Investing in volatile markets
The Future Fund portfolio has material exposure to two asset classes out of favour with many long-term investors. Chief investment officer, Raphael Arndt, explains why.
Trading rules and infinite monkey theory
Common sense must be applied to statistical data and rules-based investing should only be adopted with caution. Investors should prepare for the inevitable moment when the game suddenly changes.
Ohio SERS reduces hedge funds
This year the $12 billion Ohio School Employees Retirement System is prioritising projects that fulfil the board’s desire to find income from alternative sources and manage risk, including allocating more to real assets, and initiating an RFP on a risk management system. Farouki Majeed speaks to Amanda White about the fund’s investment program. With
NBIM calls for more listings
Norges Bank Investment Management would like to see an increase in the number of company listings and suggests more flexibility from exchanges and index providers could facilitate this.
Infrastructure – fewer fees, please
Public pension funds make up almost a quarter of the world’s 100 largest institutional investors in infrastructure and, while still favouring unlisted funds, they are increasingly investing directly and pushing back on management fees, research reveals. The research by global alternatives research firm, Preqin, shows a record number of funds on the road seeking a
BCI: A masterclass in private debt
British Columbia Investment Management Corporation has been investing in private debt since 2018. Global head of public markets Daniel Garant, whose team oversees private debt, articulates the secrets of success at a time of fierce competition for returns as more investors pile into the asset class, tightening credit spreads.
Walmart takes divestment blows to the body
Two more high profile investors have punished US retailer Walmart for its anti-union stance and poor labour practices by divesting their holdings in the company. AP Funds, Sweden’s cluster of state pension funds named AP1 through to AP4 and AP6 (there is no AP5) worth a combined $140 billion, sold its equity and corporate bond
Mercer touts ESG integration, SDGs
Embedding ESG factors into investment decision-making processes makes related risks more apparent, while strategies based on SDGs align portfolios more closely with long-term wealth creation.
Asset Allocation