Source: Benefits Canada

More than half (53 per cent) of the world’s largest pension funds say the prospect of a global recession is their No. 1 short-term concern and the same percentage expect a recession to take place in the next 12 months, according to a new survey by the Official Monetary and Financial Institutions Forum.

The survey, which polled 22 global public pension funds with combined assets under management of US$4.3 trillion, found the top factors impacting investment approaches over the next 12 to 24 months were inflation (roughly 20 per cent), climate change (roughly 20 per cent), geopolitics (nearly 10 per cent) and technological change (roughly five per cent).

Private equity saw lower net demand than in previous years, with more than half of respondents
highlighting illiquidity (71 per cent) and valuations (57 per cent) as primary barriers to investing more in private markets.

Read the full article