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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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Photo gallery: Fiduciary Investors Symposium 2026 at Harvard University

[Best_Wordpress_Gallery id="95" gal_title="FIS Ha Continue Reading Access the full content on Top1000funds.com Join the global institutional investment platform read by the world's largest asset owners, fund managers and consultants. New here Create an account Complimentary to register. We'll verify your details and grant access to the archive, our newsletters and the Asset Owner Directory (enhanced

The twin forces rewriting the rules of investing

Portfolios built for the old world will be severely tested as emerging forces rewrite the rules of investing. The Fiduciary Investors Symposium heard that geopolitical and macroeconomic upheaval, together with the disruption wrought by AI, should force asset owners to rethink the structure and composition of portfolios.

CPP outlines risk playbook for a new world order

The $570 billion CPP Investments is strengthening efforts around scenario analysis as volatile fiscal, geopolitical and economic risk factors plunge the macro environment into a state of flux, with the fund naming four scenarios for the future world order within its risk management framework.

Asset owners must prepare for ‘fast and furious’ AI debt wave

Corporate AI implementation is accelerating, not decelerating, all around the world, and the capital need is vast, with significant debt issuance still to come. Asset owners have to decide where they want to get involved, and how.

Credit market flashes warning sign for software investors: SVP

The credit market is seeing elevated default rates that could climb over the next few years, spelling trouble for software investors, according to the founder and CIO of Strategic Value Partners. Red flags are also showing up in private credit.

Investors head back to EM as US tech capex bill mounts

US tech mega caps are grappling with surging capital expenditure, casting doubt on whether the premium attached to these stocks in the AI super cycle has become detached from fundamentals. Investors are now turning their attention to emerging markets equities where they have the opportunity to buy into the AI hype at a much lower price.

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