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‘AI-washing’ risk grows as tech due diligence on manager lags
The pace of change in AI models poses a significant challenge to the due diligence frameworks employed by asset owners, whose own ability to adapt is being outstripped by the technological advancements they’re being asked to assess.
NY Common joins allocator push on company AI transparency
The $273 billion New York State Common has upped the pressure on portfolio companies to report on how artificial intelligence usage is contributing to layoffs, as AI governance becomes a growing focus in the proxy voting and engagement activities of asset owners.
Chicago Teachers leans into diverse managers; exceeds targets
Chicago Teachers is bullish on allocating to diverse managers, more than doubling its target allocation to more than half of the fund’s AUM. Its CIO explains how the strategy adds value through access to differentiated strategies and competitive fee structures.
Future Fund looks to slash external tech spend in cost-cutting drive
Australia’s Future Fund is hoping to find tens of millions in cost savings by consolidating arrangements with external data and tech providers and putting a number of roles under review as it reconsiders resourcing in a volatile investment environment that it “expects to endure”.
CalPERS ties pay to collaboration, total fund results under TPA
The $556 billion CalPERS is considering a more complete integration of “collaboration” and total fund results as performance metrics for its executives and investment team as it makes headway in its shift to the total portfolio approach.
CalPERS ties pay to collaboration, total fund results under TPA
The $556 billion CalPERS is considering a more complete integration of “collaboration” and total fund results as performance metrics for its executives and investment team as it makes headway in its shift to the total portfolio approach.
The future belongs to investors who can adapt
Canada’s HOOPP has officially adopted the total portfolio approach since the start of 2026. Unpacking the move, the fund’s managing director and head of total portfolio group Jacky Lee writes that while the approach doesn’t magically make the return better, the fact that it frees the investment team from outdated processes and gives investment leaders the flexibility to act is what gives it an edge.
The world won’t wait for the investment committee
What does it actually mean to be a long-term investor when the ground beneath your feet is shifting faster than your investment committee can convene?
Technology