In a wide-ranging conversation, Margaret Franklin shares ‘essential principles’ and her thoughts on private markets, artificial intelligence, responsible governance and more.
In a Mercer survey, asset owners say they feel ‘resilient’ about market risk and inflation.
Approximately half of the new investments will be in public equity, with the rest going into private markets.
The Scottish investment giant will transfer $4 billion in AUM and 30 employees to the Boston-based alts manager.
The pension giant’s portfolio rose to $452.6 billion, but missed its benchmark by more than 100 basis points.
Daniel Booth will oversee the $442.6 billion pension fund’s private equity, real assets and private debt.
Private equity, hedge funds and high-yield bonds are promising investments for the future, Northern Trust Asset Management advises.
Venture capital and private equity boosted their valuations mightily in the past 20 years.