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?
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
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 New Mexico doubled the size of its sovereign wealth fund in five years
The state has benefitted from oil and gas production but New Mexico's fund - which is now the second-largest in the US - has also pivoted to the sectors which it hopes will drive its economy once fossil fuels dry up, and its growth changing the way the fund is run.
Irish pension funds latch onto consolidation craze
The Irish pension system is entering a phase of consolidation, which is currently taking place organically. But experts predict this will not last long and the republic’s government will soon intervene to speed things up
As Islamic assets see continued growth, does that pose a concentration problem?
The Islamic finance market has grown by nearly 200 per cent in recent years, with growth in bond-like instruments now making it possible for pensions to provide more diversified options. But does that pose a concentration conundrum?
Is the growth of evergreen funds among asset owners genuine innovation or marketing hype?
As demand for private assets has gone up, the number of evergreen funds available has increased by 200 per cent over the past decade. Are these vehicles a genuine innovation, or is it all just marketing?
How Colombia’s pension system is integrating crypto
Colombia’s pension funds are making crypto increasingly available to investors in a bid to widen the array of options available to them, making it one of the earliest adopters in Latin America of this asset class
Tension at the heart of UK government pension reforms
The British government’s local government pension scheme reforms have been largely carried out with the intention of creating bigger pools of capital to grow the UK economy. But there is a tension at the heart of these plans: while the government wants to replicate Canada’s Maple 8, which operate like private equity houses to invest globally, it is also instructing the LGPS to invest locally.
“Private credit markets are not optional, they are necessary”: The stakeholders holding firm on private credit despite bubble fears
The Bank of England’s governor Andrew Bailey is among the policy makers to express bubble fears within the private credit sector, but many asset owners still see the asset class as a necessary component of their investment portfolio.
Bitcoin as a Public Investment: The Texas Treasury’s Watershed Bitcoin Commitment
Texas has established a new Strategic Bitcoin Reserve, administered through the Texas Treasury Safekeeping Trust Company, making it the first US state to invest in bitcoin. We at AOX take a look at what the allocation actually looks like.
Calpers CIO sets out progress on total portfolio switch
Calpers chief investment officer Stephen Gilmore explains to AOX what stage the $563bn pension fund is at in its transition to the total portfolio approach and how it is handling some of the potential risks
Is the growth of continuation vehicles good for asset owners?
The use of continuation vehicles, which involve private equity managers selling expiring assets to themselves in a new package, has been soaring and some asset owners have been buying into it. What are the risks?
Ivy League endowments have killed the Yale Model. So what comes next?
Ivy League endowments used to follow the ‘Yale Model’ of investing heavily in private assets. But this model’s success has undermined its ability to provide good returns, which has triggered a divergence among these eight funds
Congress’s ESG pension plan has a major flaw
The US Senate is considering an anti-ESG retirement bill which will force funds to only consider financially material questions when they pick their investments. Will this change what pension fund portfolios actually look like?
Why Brazil’s wealthiest families shun investment abroad
A potentially contentious election is looming in Brazil but the country’s wealthiest families are largely keeping their money invested domestically, according to the head of wealth management at BTG Pactual, Latin America’s largest investment bank
Why asset owner investment in commodities may be ‘self-defeating’
We seem to be living through a boom time for commodities, with the price of gold breaking the $5,000 barrier for the first time. But as commodity markets become dominated by institutional investors, this may have unintended consequences
How is the ‘jumbo’ level of pension buyouts affecting how insurers invest?
PwC expects 2026 to be a “jumbo” year for pension buyouts in the UK asset owner space, with more than £50bn of transaction volumes forecast. But how is that changing the way insurers, on the other side of the transaction, invest?