In his latest investment missive, Howard Marks pushes back on the controversy around private markets, saying valuations shouldn’t reflect the psychological swings that dominate public markets.
Sovereign wealth funds have hit pause on their internalisation programs as they discover that they aren’t naturals at private markets investing. And inflation and geopolitics are driving allocations to a broad range of alternative assets.
TCorp has seen “sound” performance across its diversified portfolios, but is gearing up for more volatility through 2023 and burnishing its sustainable credentials by reducing portfolio carbon intensity.
As the Albanese Government looks to use super funds to kickstart Australian infrastructure growth, the number of obstacles arrayed against investing in affordable housing and venture capital might give them pause for thought.
Australia’s last domestically-owned custodian is winding down its operations after an on-off effort to sell the business.
When the bear market reverses, something very different might lead the way out. The adaptability and flexibility of a momentum-based approach could be a boon.
Private markets are still en vogue amongst institutional investors, even as recent market movements throw portfolios out of whack, according to the findings of bfinance’s biennial global asset owner survey.
Tidbits of good news will send equity markets soaring in the short-term. But the longer-dated fear is that central banks will be forced to respond to a financial accident without having dispatched the inflation genie.
The superannuation industry is grappling with the complexity of delivering retirement solutions. Perhaps the only way to assess how well they work in the future is to start assessing them right now.
As rising inflation and rates bite into returns, institutional investors are increasingly turning to factor investing to help them weather the storm.
