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US endowment returns rocket on SpaceX windfall

US endowment returns rocket on SpaceX windfall

Early venture bets on SpaceX have ballooned into major portfolio positions at some US university endowments, with new analysis estimating the aerospace firm contributed as much as 10.6 percentage points to annual returns. Michael Markov, founder of US quantitative researcher Markov Processes International, says the windfall is now creating a concentration risk that investors cannot ignore.

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Private markets enter era of ‘true alpha’

Allocators are interrogating their private markets investments more rigorously as institutional investors question whether unlisted asset classes are entering an era of “true alpha” where managers skills are put to test. This trend is especially salient in private equity, and at FIS Singapore, asset owners and managers weighed the thesis around the asset class.

‘Math wins’: Why investors should push harder on fiscal discipline

Investors need to start demanding that governments act with more fiscal discipline as ballooning debts on sovereign balance sheets around the world approach a breaking point, MFS Investments, one of the world’s oldest asset managers, said at FIS Singapore.

‘We are way ahead’: How Fairfax County bagged staggering crypto returns

Fairfax County Employees’ Retirement System says its allocation to digital assets has become the best-performing investment in the fund’s history. The $6.3 billion pension plan first invested in blockchain infrastructure and digital assets through venture funds in 2019, and early distributions are now beginning to arrive.

IMCO World View: Active strategies, diversification and liquidity focus

Canadian pension investor IMCO is bracing for higher inflation and a weaker US dollar in 2026, as the $62 billion fund said investors need to protect diversification and liquidity in a volatile environment and be wary of risks in passive investments. In a podcast, chief strategist Nick Chamie unpacked the asset allocation insights, which were released in the annual IMCO World View paper, in conversation with Top1000funds.com editor Amanda White.

Conflict in Iran: Investors mute the noise but inflation risk grows

Investors are watching conflict in the Middle East closely as inflationary pressures begin to build beneath the surface. One of the challenges for many investors is reduced exposure to the hedging benefits of fossil fuels in listed, and private markets.

Dynamic diversification: CalSTRS’ One Fund approach navigates uncertainty

Scott Chan is shocked the market hasn’t reacted more to the crisis emanating from the conflict in the Middle East. But the CalSTRS' CIO is confident its one fund approach allows it to position dynamically and ensure diversification no matter what is presented.

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