I speak to Matt about his wonderful collection of old (retro?) computers but also all about the challenges of defining an ethical framework for algorithms, and what we can do to understand this tricky area.
NZ Super cuts benchmark return expectation on US valuation concerns
A view that the US stock market is overvalued and equity risk premia will be lower over the long term has driven New Zealand Super to lower the return expectations for its reference portfolio following its recent five-yearly review of the benchmark. Co-chief investment officer Brad Dunstan also flags underweight commodity exposure as an area to address and explains why the fund remains sceptical of illiquidity premia despite seeing a growing case for private markets.
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Impact: ‘Losing the plot’ or better long-term returns?
Giant Dutch pension provider, PGGM, has been a leader in embracing 3D portfolios shaped around risk, return and impact. Top1000funds.com talks to Piet Klop the new head of responsible investment about the journey so far and what is next in linking the portfolio to positive real-world outcomes.
CalPERS’ chair leaves legacy of responsibility
Henry Jones, who will resign as president of the CalPERS board on January 21, leaves behind a new mindset at the fund of tackling big systemic issues including sustainability and racism.
Prepare for re-entry: the challenges of normalisation
Markets could get bumpy as monetary policy normalises, and as the pandemic’s destabilising impacts continue to ripple through the global economy. Philip Saunders and Sahil Mahtani explore the investment outlook across asset classes and regions.
Climate tops risks, complicated by pandemic
Climate action failure tops the World Economic Forum’s Global Risks Report 2022 as the number one long-term threat to the world. The pandemic has added further complication with the resulting divergent economic recovery threatening the collaboration needed on climate and other global challenges.
Border to Coast: Securing access to the best managers
The United Kingdom's Border to Coast pension pool has just mandated to a new private markets managers. Mark Lyon explains how the manager accessed the brightest and the best. The private markets allocation is on track to deliver promised fee reductions, despite mandating to expensive, sought-after external managers.
Different Approach, Different Outcome
In the search for outperformance, investors have become more accepting of alternative approaches. Dynamic Equity utilizes different return drivers than traditional active equity strategies.
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