Analysis

In the accumulation phase the super fund CIO and investment team is at the wheel. But as more and more members start retiring they’ll have to share the driving.

Investors are worried that a market bloated with big tech companies is about to burst. But prices are high for a reason, and few can fathom the force of AI tailwinds.

Its outsized performance means that private credit is probably the asset class of the decade. But is that performance a real standout, or “more sizzle than steak”?

India might be a matter of “when, not if” for Australian super funds, but the Maple Eight and other Canadian pensions are well ahead on investing in what will soon be the world’s third largest economy.

The end of decades of stable market conditions is a matter of ‘when’, not ‘if’, according to Ruffer. But there are two flies in the Fed’s ointment that will make it ineffective for soothing conditions.

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.

The Land of the Rising Sun has had more than its fair share of false dawns since its economic bubble burst in 1989, but now there is a growing expectation among some analysts that the current share market rally is sustainable in the long term.

The famous and closely watched US endowment model took a hit in FY23, with smaller, equity-heavy investors taking the lead. But the longer-term superiority of a chunkier exposure to alternatives remains unchallenged.

Australia’s private debt space might be booming, but a large number of new and established managers are operating in an increasingly crowded space according to Causeway Financial.

Systemic risk in the superannuation system likely doesn’t stem from funds themselves, but from their service provider relationships. Regulators need to be thinking harder about where and how it arises – something they’re not necessarily well set up to do.

Big asset owners and managers are embracing the private markets as one avenue for growth, but the complexity that brings to portfolios means they also need to get a better view of what might be decades of siloed information.

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.