As bonds risk losing their status as the portfolio’s primary shock absorber, Australia’s second-largest pension fund is repositioning currency at the core of its diversification strategy.
As algorithmic disruption and shifting market structures end the era of easy beta, institutional investors are diversifying beyond US corporate lending towards asset-based finance and markets in Europe and APAC.
As private markets mature and rate volatility increases, the insurer's investment chief Carol Mo is reassessing whether life insurers are being adequately compensated for illiquidity.
Deflationary pressures, property overhang and industrial overcapacity are steering capital into structurally resilient tech niches and Chinese government bonds.
A senior portfolio manager at Australia's second-largest pension fund warns that a simultaneous selloff in bonds and equities represents the greatest fundamental risk facing investors this year.