Falling inflation, the prospect of interest rate cuts and a budding recovery in the world’s second-largest economy have seen family offices move out of cash to chase the returns on offer in equities and hedge funds, according to Citi Private Bank.
Greg Bright has passed away, aged 70. A legendary journalist and publisher, he had a deep appreciation for the art of obituary writing – but he never believed for a second that the end of somebody’s life was the end of their story.
There’s a massive global shortfall in capital to finance the energy transition, and a significant chunk is still being spent in the developed world. But the battle for net zero will be “won or lost” in the emerging market corporate sector.
Everybody knows about infrastructure’s inflation hedging properties, but not everybody understands just how unique that hedge is. Meanwhile, the world is going mad for power, and renewables are set to supply it.
There’s a lot of uncertainty out there in the market, but fear of missing out means investors are turning a blind eye to it. August’s ‘volmageddon’ could be a sign of things to come.
Victor Smorgon Group is one of the rare family offices that manage external funds. Doing that required modifying some of the investment principles that it holds dear.
Perpetual has turned to the “experienced business builder” and former CEO of the circa $300 billion Australian Retirement Trust to set it on a new course as it lops off business units and doubles down on asset management.
There’s no crisis yet, but private wealth CIOs and asset consultants are keeping a close eye on markets after their sudden August selloff. Their advice: stay nimble, stay unconstrained, and look out for “the unbelievable opportunity to invest in a dislocation”.
Family offices are professionalising at a rapid rate and creeping up the complexity curve as they establish overseas beachheads and build increasingly sophisticated investment portfolios, according to research Ocorian.
Canada’s own efforts to get its pension funds involved in nation-building have been more heavily resisted than in Australia, but a new paper has learnings for both countries.
