News

A significant chunk of the world’s largest institutional investors are doing what the market tells them and moving faster on asset allocation changes and investment decisions as uncertainty spikes.

It’s picked up hundreds of billions in custody assets from the NAS exit, but BNP Paribas wants to lock them down before it goes hunting for more – with private markets and its offshore presence at the top of the pitch deck.

Australia’s superannuation system hasn’t seen the end of consolidation, according to Mercer, with megafund mergers on the horizon and the number of small funds likely to drop precipitously.

While Japanese equities are back en vogue for the institutional investor set, not everybody is convinced, even as multinationals descend on the country and domestic corporates lift their governance game.

Investing with a manager when they’re winning is usually peak risk, but that’s what a lot of funds do. Meanwhile, passive investing remains “the elephant in the room”, even as it allows for greater freedom to invest in alpha-generating assets and strategies.

In the first half of 2022 the market fell almost as much as it did when Europe tumbled into World War Two. Then it reversed course – and famed bubble spotter Jeremy Grantham says a new artificial intelligence bubble is the cause.

Australia’s biggest super fund has slashed the headcount in its Melbourne-based global equities team as it prepares to build out a new crew in its rapidly expanding London office.

It’s tempting to think of the latest review into Your Future Your Super as just more regulatory tinkering, but experts think there’s a good chance it will give the industry a real solution to the unintended consequences of the performance test.

The $82 billion fund has picked up a new head of investment execution with a “wealth of expertise” from Citi Securities Services as it looks to enhance its own investment operation platform.

War and plague have disrupted the geopolitical peace over the last three years with far-reaching consequences for international trade and economic growth.

Australia’s biggest super fund is set to increase its investment in the UK to around $35 billion by 2030 and expand its already 100-strong on the ground presence in Kings Cross.

Super funds should start looking in their own region for private debt investments, according to Muzinich and Co., but the lower-middle market in the US also presents a “once in a decade” opportunity.