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Computing power, not sanctions, the real lever over China: Kotkin

Computing power, not sanctions, the real lever over China: Kotkin

Computing power offers efficient leverage that Hoover Institution historian Stephen Kotkin argues the US has against China, with the US dominating world’s compute capacity at 75 to 80 per cent. In a keynote address to the Fiduciary Investors Symposium at Stanford University, Kotkin also examined how Nvidia's Jensen Huang could become the central actor reshaping that balance.

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The benefits of external investments: UK’s pooled fund backs outsourcing

Other LGPS pools in the UK have appointed CIOs, risk officers and internal teams but the £56 billion ACCESS pool has outsourced all aspects of investments and will remain externally managed. It's now looking for managers as it  pools illiquid assets in private equity, private debt, infrastructure and real estate.

GPIF feels equity’s wrath; active equity reboot

Japan's GPIF feels the heat of see-sawing global equity markets in its latest quarterly results while the latest annual review reveals a shakeup in global active equity allocations in search of more manager diversification.

Measuring outcomes is what really matters: Serafeim

Investors interested in ESG should be aware of the intensity of the commitment and develop their own deep expertise and impact-weighted accounts, according to ESG pioneer and academic, Professor George Serafeim. He will speak at the Sustainability in Practice event at Harvard University in September.

What long-term looks like: Tips for structuring mandates

The third edition of FCLTGlobal’s report, Institutional Investment Mandates: Anchors for Long-Term Performance provides a toolkit for mandate processes and behaviours to reorient towards the long term, including a rethink of KPIs that asset owners can use to evaluate their managers.

New York State Common’s CIO on Russia, PE and diversity

Investments at New York State Common Retirement Fund, one of the largest pension funds in the US that also boasts a near fully-funded status is run by Anastasia Titarchuk. In an interview with Top1000funds.com she shares her investment outlook, thoughts on private equity and the importance of diversity.

APG talks crypto: Those who got rich in the gold rush didn’t do the digging

APG’s chief economist Thijs Knaap and senior strategist Charles Kalshoven lay out the case for not investing in crypto. They find that only an expected return of 25% pa would make it worthwhile and even then there’s no cashflows. They argue pension funds can afford to ignore this asset.

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