Veronica Klaus: Investing in a smarter superannuation system

In this episode, Alex Proimos, head of domestic co
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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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Performance variation impacts treatment of infrastructure: PGIM

Historical performance and cash flow characteristics differ enormously among infrastructure asset sectors, and even between assets of the same sector, says the vice president of PGIM IAS’ private assets research program. But scarcity of data makes infrastructure performance notoriously hard to study.

SWIB’s priorities in a tougher investment landscape

Edwin Denson, executive director and CIO at State of Wisconsin Investment Board talks to Top1000funds about changes in investment strategy, noting that active management, and the need to take on more risk for the same return are guiding principles.  

Carl Icahn’s McDonalds move highlights ESG risks for investors

Many investors will welcome Carl Icahn’s attempt to force the board of McDonalds to change its policy on cruelty in pig farming. Jeremy Coller, founder and chair of the FAIRR Initiative,argues slow movement on gestation crates is as much an investment risk as it is an issue of animal welfare.

Leverage: Friend or foe?

Against the backdrop of rising rates, market turmoil and pension funds’ ever-growing illiquid allocations, leverage is going to increasingly come under the spotlight. Today’s changing macro picture of increasing interest rates and rising borrowing costs will put pressure on pension funds to ensure financing costs are compensated with expected returns.

Accelerating change: Operationalising DEI

Sarah Maynard global head of DEI at CFA Institute explains why the investment sector needs to operationalise a structured DEI approach and how including DEI in codes and standards will help bring about much-needed change.

QSuper and Sunsuper merge to form new institutional giant

The long awaited merger between the two Australian super funds, QSuper and Sunsuper, came into force on February 28, creating Australia’s second largest super fund. The newly formed A$220 billion Australian Retirement Trust is aiming to double its size by the end of the decade, according to CEO Bernard Reilly.

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