The risk of litigation and liquidity concerns mean America’s 401(k) funds won’t venture into private markets for five to 10 years, said T. Rowe Price’s Michael Davis, speaking at FIS Oxford. But he said legislation has played a powerful role in shaping the US retirement industry.
Dutch investor APG is showing its deep commitment to Asia by installing its chief investment officer of private markets in the Hong Kong office, a prime location from which to proactively source opportunities. The fund outlines its plan to increase allocation in infrastructure and private equity while integrating impact themes.
A lot of words have been written to explore what risk is, but Tim Hodgson of the Thinking Ahead Institute makes the case that risk looks different to different models of reality. This column is the first of a six-part series exploring risk management for investment systems, or ‘risk 2.0’.
The most significant change to the superannuation and pension system is not the internalisation of asset management, or the shift to passive strategies, or the rise of private markets but the climbing support ratio globally, according to Michael Davis, head of global retirement strategy at T. Rowe Price.
The Global Pension Transparency Benchmark has been a driving force in improved transparency of disclosures and reporting among global asset owners. As the project comes to its close after five years, two leading funds reflect on why transparency has been a clear focus for their organisations.
Norway’s $2 trillion Government Pension Fund Global has retained its title as the world’s most transparent fund, scoring 100 out of 100 for the second year in a row, according to the results of the 2025 Global Pension Transparency Benchmark. It was closely followed by CPP Investments and CDPQ.
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