The NZ Superannuation Fund has made half-a-dozen fresh investments over the previous few months across an eclectic range of strategies including US timber, a quant trend-follower and a life science specialist.
Surging interest in the private markets from asset owners and managers requires heavy investment in tech and teams for the custodians that service them, and is set to keep back-offices busy for a while yet.
Private markets could be almost on par with listed assets in institutional investor portfolios before the end of this decade, according to a new State Street study.
The International Monetary Fund has urged regulators to keep a close eye on private debt as the once obscure asset class enters the investment mainstream.
The NZ Superannuation Fund (NZS) has confirmed chief investment officer, Stephen Gilmore, has resigned after winning the same position at one of the world’s largest pension funds.
War and plague have disrupted the geopolitical peace over the last three years with far-reaching consequences for international trade and economic growth.
Global pension funds are facing increasing political pressure to alter investment strategies, according to The Thinking Ahead Institute (TAI), with governments able to exert “considerable influence” on net zero policies and domestic investment.
Betting on mega-caps has rarely paid off for active managers, but investors who want exposure to the US market are often forced to take on massive stock specific risk for or against the Magnificent Seven. A mega-cap mean-reversion could be a tailwind once again.
Hedge funds struggled again in 2023 as aggregate mediocre performance coincided with net outflows, a new report reveals, while most remain well below the global equity index over the last five years.
WTW has won the job of carrying out a statutory probe into the policies and operational and investment processes of New Zealand’s sovereign wealth fund for an unprecedented repeat performance.
