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
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
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 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?
Have insurers distorted the private credit market?
By some estimates, the amount of money insurers have pumped into private credit has more than doubled from $490bn in 2021 to $960bn in 2023. This, according to a recent paper, has had a “profound” impact on the asset class’s risk-return profile
WTW’s head of manager research says scrutiny of culture and compensation is on the rise
Chris Redmond, global head of manager research at WTW, says consultants are taking a granular approach to understanding manager behaviours through a close evaluation of products, going under the hood to understand managers' particular strengths and their investment philosophies
Why the Bank of England thinks private credit is like lemons and sausages
Bank of England deputy governor Sarah Breeden, speaking at the FT’s Private Credit Connect conference, compared the problems within private credit to “lemons” and “sausages”
Why the UK and the Dutch have taken two very different approaches to collective pensions
The UK has become one of the few countries where collective defined contribution pensions exist. How does the way it is approaching CDC compare to the approach taken in the Netherlands, where these funds have been common?
Active multi-asset credit mandates come out on top as bond market uncertainty lingers
Uncertainty around the fixed income outlook has unsettled some asset owners. But those who have embraced active management have been able to weather market risks more effectively