This is the fifth episode of Global Connections. Rachel and I got back to business chatting about annual returns and policy changes from sovereign funds and mega pensions. I discussed how some asset owners are modifying their allocation strategies in a low-yield world. I talked about how some hedge fund strategies are being shuttered and capital has been reallocated. We ended up having a conversation regarding 1MDB and the importance of taking reputation risk seriously.
1:00 Sovereign Wealth Fund Review – Gulf Funds
5:38 Reallocation Dollars from Hedge Funds
7:40 Japan GPIF Results
11:10 Jumping Over to Temasek’s Results
12:41 1MDB – Possible Movie Script