Valuations are so high in India that people need to have “completely given up hope” before Pzena wades in and makes an investment. It’s shopping in China while it waits.
Against a backdrop of increasing market complexity, the models that have for decades underpinned the way investments are made are no longer as useful as they once were, and threats to the financial system still lurk in its plumbing.
Super funds have fallen behind banks on nature-related physical and transition risk, with a regulatory muddle, lack of internal resourcing and data concerns holding them back even as damage to ecosystems threatens “cascading losses”.
It was one of the little funds that could, until – for reasons mostly beyond its control – it couldn’t. But there’s still plenty the superannuation industry can learn from AvSuper, the $2.4 billion aviation industry fund that prided itself on member services and innovative investments.
The $80 billion profit to-member-fund has added State Super director and former AIST president Catherine Bolger to its board to fill the position left vacant by Julia Fox.
The collision of transition and physical risks could see “significant economic damage” and system-wide asset losses, according to WTW, and conventional risk management and allocation techniques don’t apply.
AustralianSuper’s erstwhile head of equities will head to the construction industry fund as its new head of portfolio construction amidst a slew of C-suite departures.
We’re in the Palm Pilot era of artificial intelligence, according to EFG Asset Management, and nobody knows what’s coming next. That hasn’t stopped the big tech companies becoming a portfolio construction headache in the here and now.
Plenty of big institutional investors are finding that the total portfolio approach eats strategic asset allocation for breakfast. But as their organisations become more and more complex, shifting towards a new way of investing is getting harder.
Impact is one way to diversify away from the big tech stocks that rule the index without missing out on the transformative themes that put them there in the first place, according to T.Rowe Price.
