Swiss multi-family offices join forces for scale and geographic reach
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
How one of Europe’s biggest university endowments is run
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
Pension funds object to SpaceX governance ahead of blockbuster IPO
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
Energy shocks spark asset owner interest in renewable energy
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
What even is the UK’s National Wealth Fund?
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?
Master trusts must lower variance in investment returns and bring fees down, UK commission says
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
Why pensioners think Dutch pension reforms are a work in progress
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
Are consultants recommending asset owners ditch private credit?
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
Alternatives ahoy! Is treasure the next big investment opportunity?
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
European asset owners dial up VC investments as UK market edges ahead
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
Railpen investment boss on plans to double infrastructure exposure
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 asset owners are ‘greenhushing’ following Trump action on ESG
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 CIO: ‘No guarantee bigger pension funds perform better’
Aon’s defined contribution chief investment officer Jo Sharples tells AOX why government policy to encourgage larger pension funds may have negative side effects
What does the PIF’s withdrawal from LIV Golf say about its investment strategy?
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?
Hermes hits back at pension fund in $136mn legal claim
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”
Gulf sovereign wealth funds show no signs of retreat since Iran conflict
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
UK’s DB buy-out boom set to continue with record year predicted
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
How to diversify your portfolio as bonds fail investors
The correlation between stocks and bonds has been positive since 2022 after decades of being negative. How should asset owners react to the seeming break-down of the traditional portfolio?
How do European endowments compare to their US peers?
Oxford University has the largest endowment in Europe and it also bears the most resemblence to Ivy League funds, but what about the other large European endowment funds?