Rising geopolitical risks and an AI correction could severely impact the value of the $2.2 trillion Norwegian sovereign fund, according to its chief executive Nicolai Tangen, who went so far as to say the fund could "disappear." The warning is a stark one for the world's largest sovereign wealth fund, whose 70 per cent equity allocation leaves it heavily exposed to any sharp correction in global and particularly US tech markets.
Reports of America’s decline as a geopolitical and economic power are exaggerated, and the noise investors should learn to ignore is really only the presidency itself, celebrated historian Stephen Kotkin told the Fiduciary Investors Symposium at Harvard.
Farouki Majeed, chief investment officer of the $23 billion Ohio School Employees Retirement System, has highlighted worrying signs in private equity that resulted from a backlog of exits, including industry murmurs that some GPs are having to borrow money to operate their business because LP fees are drying up. In an interview with Top1000funds.com, Majeed unpacks why its 12 per cent PE allocation is shielded from the rout.
As concerns in private credit mount, Colorado PERA CIO and COO Amy McGarrity says the pension fund isn’t seeing any strains in its growing allocation to the asset class, arguing that long-term investors are shielded from the risks because they can lock up their capital to weather market cycles.
Chicago Teachers is bullish on allocating to diverse managers, more than doubling its target allocation to more than half of the fund's AUM. Its CIO explains how the strategy adds value through access to differentiated strategies and competitive fee structures.
An investment banking expert has warned the CalPERS board of the risks inherent in AI, emphasising the importance of investors understanding how their exposure to AI is at risk because of Chinese competitors.
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