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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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Low risk start for Ireland’s new sovereign funds, but more to come

Long-term strategies for Ireland’s new SWFs, expected to grow to €100 billion by 2035, will be designed and allocated in the next nine months including the appointment of an investment committee and custodian. For now it will invest in low-risk allocations to high credit quality Euro-area sovereign and quasi-sovereign bonds.

Chaos at AIMCo as politicians take control

In a dramatic purge the government in Alberta, Canada’ has removed the entire board of the $160 billion AIMCo and sacked its CEO. Is this a sign of politicisation of a pension sector renowned for its stable governance?

Perfect score sees Norway take out top spot on transparency

Norway’s sovereign wealth fund, Government Pension Fund Global, has topped the list of the most transparent funds according to the Global Pension Transparency Benchmark’s 2024 findings, scoring a perfect 100 out of 100.

Canadian funds shine in transparency benchmark

For the fourth year running, Canada is number one in the country rankings of the Global Pension Transparency Benchmark, according to the 2024 results. Each of the five Canadian funds in the benchmark are ranked in the top 11 funds globally.

Benchmark proves scrutiny on disclosure drives transparency improvements

Now in its fourth iteration, the Global Pension Transparency Benchmark shows that ongoing scrutiny of cost, governance, performance and responsible investing disclosures drives greater fund transparency.

How an iterative strategy shapes success at Baylor university endowment

David Morehead, chief investment officer of Baylor University endowment in Texas explains why he's concerned about too much diversification and why the rewards of interest rate cuts will be most keenly felt in small cap equities.

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