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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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Climate transition requires a dose of realism and some close collaboration

The climate challenge represents a new opportunity for asset owners and managers to work together to find solutions according to Sonja Laud, CIO of LGIM, but there needs to be a more honest debate.

Navigating today’s global challenges to reimagine tomorrow’s markets

Simultaneous global challenges such as inequality, environmental degradation, financial instability and fragile supply chains are challenging contemporary capitalism’s ability to cope. MFS Investment Management president Carol Geremia says it is time to consider a new approach to build resilience and ensure long-term sustainability in markets and societies.

Rethinking emerging markets

Disappointing returns has investors re-thinking their exposures to emerging markets. A group of investors convened in London to explore opportunities including the new economy, the right risk/ return trade off and how to best gain exposure.

UK pension funds rue pressure to focus on the short term and group think

A group of investors at FIS Oxford reflect on the pressure to invest in the short term and the dangers of group think. Elsewhere they question if the private sector has capacity to find solutions to the climate emergency

APAC’s mega trends: The investors positioning for the future

APAC is positioned to benefit from some of the most exciting global trends that offer unparalleled investment opportunities. Previous features in this series have focused on the region’s diversification benefits, short-term opportunities, and why active strategies work best. Buckle up for the long-term view.

CPP Investments talks tech: Deployment not innovation; bullish on AI

The evolution, thinking and implementation of technology behind the investment process is a key focus for Jon Webster, CPP Investments chief operating officer. He explains how the fund sees technology as value enhancing, rather than as a cost.

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