Asset Allocators Try to Find Their Way in a New Environment
How global allocators thrive in today's markets
Large investors face a changing world on multiple fronts, which include geopolitical power plays, environmental risks, regulatory changes, and economic developments—to mention just a few. Learn how some of the world's most important investors navigate this environment with the insights provided below.
Sovereign Wealth Funds
Global Sovereign Asset Management Study 2024 (Invesco)
Amid an unpredictable macro environment, sovereign wealth funds are recalibrating their portfolios, pivoting towards equities, private credit, and hedge funds.
Large Asset Owner Barometer Report 2024 (Mercer)
This report provides data on some of the key trends that long-term allocators, like sovereign wealth funds, deem critically important.
Best Practices among SOIs for Governance and Resilience (Global SWF)
State-owned investors, such as sovereign wealth funds, continue to operate in an environment of high volatility and market uncertainty.
Insurers
Three Overlooked Investments Insurers Are Using to Add Duration (Nuveen)
It’s not surprising insurance companies are looking to capitalize on ways to lock-in higher rates and match long-term liabilities.
Life Insurance Risk, Capital, and Asset-Liability Management Today (Milliman)
The research presented here was conducted with life insurers that focus on the UK, other European, United States, and Bermudian markets.
The $10 Trillion Role of Insurance in the Climate Transition (BCG/Howden)
Radical collaboration across the insurance value chain is necessary to define how these allocators can contribute to fighting climate change.
Family Offices and Private Wealth
Estate of the Union: Trends in Alts and the Family Office (CAIA blog)
Family offices have traditionally allocated much larger portions of their wealth to private market opportunities. However, is this still the case today?
More Boomers Prepared for Retirement, but Gaps Persist (Vanguard)
For compliance reasons, this paper is only accessible in the United States
The U.S. is experiencing a wealth transfer across generations. Here are some of the latest insights into this development.
Private Wealth Data Report Q2 2024 (FINTRX)
All research and insights in this report are derived from our extensive RIA and family office dataset, developed through proprietary research.
Endowments
Endowments: A Private Equity Liquidity Squeeze By Any Other Name (MPI)
Since market drawdowns exacerbate liquidity pains, liquidity risk and market risk should not be looked at in isolation.
Performance and What Lies Ahead for Endowments and Foundations '24 (Aon)
Median annualized performance was much stronger than the previous year with a 7.7% return versus a (-8.0%) return for fiscal year 2022.
Economic Budgeting for Endowment-Dependent Universities (Harvard Law School)
An approach to university budgeting which compares the present value of operating obligations to the present value of wealth can help inform university leaders’ decision making.
Pension Funds
UK Pensions Policy under a Labour Government (WTW)
Will the new UK government affect the direction of the country's pensions system? If yes, how will this happen?
Private Equity Delivers the Strongest Returns for Retirees (AIC)
For compliance reasons, this paper is only accessible in the United States
Nearly 90 percent of public pension funds invested part of their portfolio in private equity, and they have all benefited from solid returns.
State of Pensions 2024 (Equable)
For compliance reasons, this paper is only accessible in the United States
State and local governments paid a record amount into their public retirement systems last year— 31.3% of payroll on average, or $180.7 billion.
