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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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Future of Asia now ‘a more difficult story’ as multilateralism crumbles

The global environment in which small Asian economies have thrived over the past seven decades is being dismantled as the US retreats as an advocate of multilateralism, globalisation and internationalism, warned leading geopolitics academic and economist Danny Quah.

Geopolitical uncertainty forces investors to adopt more granular approach

The radical shift in world geopolitics has prompted investors like the Monetary Authority of Singapore, Khazanah Nasional Berhad and the Hong Kong Monetary Authority to rethink their strategic asset allocations in favour of a more granular approach.

How AI will propel quant 2.0

Pictet Asset Management head of quantitative investment David Wright said at FIS Singapore that AI will not only provide drastic efficiency gain for traditional stock pickers but also will be a defining part of “quant 2.0”. 

Asset owners prepare portfolios for a brave new world

As waves of geopolitical risk and economic protectionism roil global markets, asset owners are beginning to realise that tomorrow will look very different from today. But the big question is what they can do about it.

CalPERS: Why investments in oil and gas groups are also climate solutions

CalPERS explains why some of its climate solution investments include allocations to oil and gas groups.

GIC: ‘Profound uncertainties’ challenge investor assumptions

Investors are operating in a period of “profound uncertainty” intrinsically different from anything they have lived through in the past few decades and for some, their entire investing lifetimes, according to GIC's top economist and investment strategist Prakash Kannan.

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