Linda Gruendken: Cycling in Cambridge and the randomness of markets

I chat with Linda, the lead scientist from GAM Systematic CANTAB, and recently named as one of the top 50 women in the hedge fund industry. We have a fascinating conversation about the difference between quant and systematic approaches, and the vast uncertainty of financial markets. We talk about the usefulness of machine learning models and the critical role that investment horizon plays.

Nothing on this podcast is to be considered investment advice or a recommendation. No investment decision or activity should be undertaken without first seeking qualified and professional advice.

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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. 

TRS eyes threat of retail investors in private markets

The growing amount of capital from retail investors flowing into private equity and real estate has consequences for institutional investors. The private markets team at the Teacher Retirement System of Texas pondered the risks in a recent investment committee meeting.

Sydney University’s private asset portfolio under scrutiny for defence ties

An external panel has recommended that Australia's Sydney University minimise investments in defence and security-related industries within its A$770 million ($510 million) private asset portfolio rather than divest and book a A$67 million loss. 

Norway’s KLP drops defence groups because of weapon sales to Israel

As geopolitical uncertainty leaves many European pension funds exploring how to invest more in defence, Norway's KLP has just divested two listed defence companies for selling weapons to Israel because of human rights concerns in Gaza.

UK investor group forms to highlight the importance of good governance

A group of UK pension funds have formed a new pressure group, the Governance for Growth Investor Campaign, to boost oversight of the companies in which they invest, warning that the British government’s sweeping overhaul of listing rules has watered down longstanding shareholder rights.

NBIM eyes Asia’s growth as global capital shifts east 

The $1.8 trillion Norges Bank Investment Management marks the 15th anniversary of its Singapore office this year, with the unit now firmly established as its Asia-Pacific stronghold. As regional growth set to continue in the coming decade, NBIM is well-positioned to capitalise on it, says Singapore head Sumer Dewan.

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