As pension funds face growing pressure to invest more at home, investors face a balancing act between supporting long-term national interests and their fiduciary duties to beneficiaries. Investors call for policy incentives, not mandates, and transparency, not constraints.
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.
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 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.
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”.
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.
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