I chat with Paul on derivative pricing, the application of mathematics within financial services and the implications for society due to AI.
Nothing on this podcast is to be considered investment advice or a recommendation. No investment decision or activity should be undertaken without first seeking qualified and professional advice.
A view that the US stock market is overvalued and equity risk premia will be lower over the long term has driven New Zealand Super to lower the return expectations for its reference portfolio following its recent five-yearly review of the benchmark. Co-chief investment officer Brad Dunstan also flags underweight commodity exposure as an area to address and explains why the fund remains sceptical of illiquidity premia despite seeing a growing case for private markets.
In 2013, on the sidelines of the Milken Conference at the Beverly Hilton, my friend and then-colleague Sean Scallan and I found ourselves in a seven-minute private conversation with Elon Musk. He was not yet the figure he is today. Tesla was struggling. SpaceX had launched but not yet proven itself. The idea of humans
Impact investing has come a long way in the past two decades, going from a niche strategy to a $1.5 trillion industry, but there are still challenges for it to reach institutional scale due to the lack of products and insufficient evidence of outperformance in some parts of the market.
As opposing macroeconomic and geopolitical forces collide, chief investment officers at leading pension funds say that trying to predict the future is a “loser’s game”. The question today is no longer what comes next, but how to build a portfolio that holds together in any investment regime.
The breakdown of a decades-old bargain between the US government and its research universities threatens the engine that has driven American productivity and economic growth since the end of World War II, the Top1000funds.com Fiduciary Investors Symposium at Harvard heard.
CalPERS chief investment officer Stephen Gilmore said the $650 billion fund’s upcoming shift to a total portfolio approach will sharpen investment accountability and help it focus capital allocation decisions on fund-level objectives.
In a fireside chat at FIS Harvard, Blue Owl co-founder Doug Ostrover said the fast-growing alternatives shop won’t expand “just for the sake of hubris” as it pursues market leadership through a tightly defined set of offerings. He also unpacked the recent redemption pressure the firm was under and how it plans to move past it.
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