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A service from MandateWire, part of the Financial Times, Asset Owner Exchange (AOX) helps asset owners understand how their peers are investing their assets. Combining MandateWire’s comprehensive database and commentary from our journalists, AOX equips readers with actionable, data-led insight and analysis to make more informed investment decisions and drive stronger long-term returns.
While a liquidity crunch in private markets, coupled with an increasingly turbulent macroeconomic backdrop, has resulted in a number of large investors prioritising building portfolios’ liquidity, investment consultants have warned against pivoting too heavily into the space.
Highlights
While several private credit funds have been hit with waves of redemptions from retail investors since the end of last year, asset owners continue to commit to the asset class, according to data collected by AOX sister publication MandateWire.
Delfin, the holding company for EssilorLuxottica has been the subject of a legal dispute between two of the heirs to Leonardo Del Vecchio’s eyewear empire. A truce has recently been agreed, but how long will it last?
Private equity fundraising remains muted as the industry grapples with unsold assets acquired at higher valuations. Industry leaders at the recent SuperReturn conference in Berlin said managers who fail to demonstrate value creation will struggle in fresh fundraising rounds as competition drives up asset prices.
All articles
While several private credit funds have been hit with waves of redemptions from retail investors since the end of last year, asset owners continue to commit to the asset class, according to data collected by AOX sister publication MandateWire.
Delfin, the holding company for EssilorLuxottica has been the subject of a legal dispute between two of the heirs to Leonardo Del Vecchio’s eyewear empire. A truce has recently been agreed, but how long will it last?
Private equity fundraising remains muted as the industry grapples with unsold assets acquired at higher valuations. Industry leaders at the recent SuperReturn conference in Berlin said managers who fail to demonstrate value creation will struggle in fresh fundraising rounds as competition drives up asset prices.
While a liquidity crunch in private markets, coupled with an increasingly turbulent macroeconomic backdrop, has resulted in a number of large investors prioritising building portfolios’ liquidity, investment consultants have warned against pivoting too heavily into the space.
Analysis by Eläketurvakeskus, the Finnish Centre for Pensions, has highlighted the cost-reward benefits of private equity at a time when governments across the globe push pension funds towards greater investment in the asset class.
At the Investment Association's 2026 annual conference, industry experts unpicked the major forces currently driving change in asset management, from AI to the impact of geopolitics. In this video AOX senior reporter Juliet Martin summarises the day's key discussions.
Once reticent to externalise investment advisory, family offices in the Gulf Cooperation Council are now looking to outsource their core investment functions. Or so say the experts.
Although providers within New Zealand’s NZ$140bn-plus KiwiSaver voluntary retirement scheme see little direct legal risk from a recent ruling against NZ Super, they say it underlines the need for a rigorous approach to sustainable investing.
The Dutch pension market is undergoing huge reforms, but it turns out the Dutch government and the European Commission are engaged in a “pre-infringement dialogue” after the latter suspected that the new Dutch pension rules infringed European law.
Over the past couple of years, Hong Kong has been extremely proactive at encouraging family offices to relocate to the territory and has set up a government-backed support team to enable this
The Parliamentary Contribution Pension Fund, which has 869 members made up of current or former British MPs, has a significant exposure to sub-investment grade fixed income
Sweden’s minister for financial markets explains the reforms which his government is planning on pursuing to the way the country’s pension funds invest in illiquid assets
Wealthy families are increasingly looking beyond private banks towards multi-family offices, a trend which has led to consolidation within Switzerland’s multi-family office sector
Stefano Caselli, the dean of SDA Bocconi School of Management and a member of the investment committee of Bocconi Endowment Management, explains why his university is an outlier within Italy and Europe at having such a fund, how it is run and why he thinks more European universities will consider them
Calpers, Calstrs and New York’s comptrollers have all expressed concern about SpaceX’s governance, which gives Elon Musk ‘virtually unheard of’ control over the company, ahead of its IPO in a few weeks
Stock market volatility caused by instability in the global energy supply after the closure of the Strait of Hormuz has led some asset owners to view renewable energy as a more stable asset less prone to geopolitical risk
The UK’s National Wealth Fund is trying to ‘crowd in’ investment into areas which the market might otherwise ignore. But why are no UK pensions taking it up on the offer? And what even is the fund?
The UK’s second pensions commission has found that savers with similar outcomes can pay fees ranging from about 0.1 per cent to more than 0.5 per cent depending on their employer
Koepel Gepensioneerden, the largest advocacy group for senior citizens in the Netherlands, says the landmark pension reforms which kicked off this year still need work to avoid disadvantaging pensioners
Concerns about private credit have been widespread as some lenders, such as Blue Owl, have faced difficulties. But consultants are not seeing any trepidation among their clients
A Swiss start-up is planning to use AI and robotics to target shipwrecks which are known to contain substantial amounts of precious metals, and is working with an investment platform to offer this opportunity up to investors
In the five years since the pandemic there have been 30 expressions of interest in venture capital amounting to around $11bn - mainly driven by a huge $8.8bn investment from the British Business Bank last summer
Mads Gosvig, the chief officer of pensions investment management at Railpen wants to see the $46bn fund’s investment in infrastructure to go up from $1.3bn to $2.7bn over the next five years
US president Donald Trump has taken action to crack down on ESG investing, which has led to asset owners enaging in ‘greenhushing’ as they continue to invest in these assets
Aon’s defined contribution chief investment officer Jo Sharples tells AOX why government policy to encourgage larger pension funds may have negative side effects
Saudi Arabia’s $925bn Public Investment Fund has spent $5bn over five years on LIV Golf but now is pulling back. What does that say about the sovereign wealth fund’s investment strategy?
The asset manager has said the legal claim by the North East Scotland Pension Fund - which centres on investments in wind farms which lost 83 per cent - is based “entirely on hindsight”
The takeover of Warner Bros Discovery by Paramount, which is backed by the Saudi Public Investment Fund, the Qatar Investment Authority and Abu Dhabi’s newest fund L’Imad, is a sign that Gulf sovereign wealth funds are not retreating
Consultants predict that excess insurer capacity, alongside fresh capital from three ownership changes in the first half of the year, will sustain intense competition and ensure buy-out record activity in 2026