As the world’s top 100 asset managers grow to awesome size, they’re confronted by a “complex and uncertain” macro environment and need to prepare for the burgeoning systemic risks of climate change.
The war on ESG rages anew after a rollercoaster 2022, but its detractors won’t win the fight. And as ESG matures, the future of passive index-tracking strategies is shaky.
According to RIAA, the YFYS test “runs contrary to sound climate risk management”, and goes against both the government’s own net zero plans and APRA’s guidance on climate change risk.
Chant West’s proposed replacement for the performance test might cut through the complexity and create a fairer system for super funds, which have dramatically altered their investment strategies to avoid failing.
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.
