A part of Watch Media

AMWatchWednesday4 October 2023

  • Latest
  • Search
  • Log in
  • Fund Management
  • Pension
  • Responsible Investing
  • People
  • Search
  • Log in
AMWatchWednesday4 October 2023
  • Search
  • Log in
  • Fund Management
  • Pension
  • Responsible Investing
  • People
Fund Management

BlackRock names lessons learned from "the perfect storm" in 2022

The world’s largest asset manager shares three insights gleaned from experiencing the ”historic shocks” of last year.
Photo: Carlo Allegri
Photo: Carlo Allegri
Finans
BY ALEXANDER BITSCH, translated by daniel frank christensen

The perfect storm of war and inflation hit financial markets last year sending both equities and bonds on a southern detour, and after experiencing such volatility, the world’s largest asset manager, US-based BlackRock, has made a few changes for 2023, writes BlackRock Investment Institute in a weekly market commentary. 

”Last year’s shocks were extreme,” the manager notes in the update:

”We must widen the lens of possible scenarios because the new regime of higher macro and market volatility entails a wider range of outcomes.”

BlackRock’s second lesson pertains to asset prices.

”Geopolitical risk now warrants persistent risk premia across asset classes, rather than being something markets only react to when it materializes. We see a fragmented world of competing blocs replacing an era of globalization and geopolitical cooperation,” the update reads.

The company’s third realization is the need for an entirely new investment playbook:

”We need a new investment playbook in the new regime. This means not being lulled into thinking what worked in the past will work now, like automatically buying the dip. We see stock rallies built on hopes for rapid rate cuts fizzling. Why? Central banks are unlikely to come to the rescue in recessions they themselves caused to bring inflation down to policy targets,” writes BlackRock Institute.

Bonds to stage comeback as hedge for stock losses, investors say

Fund managers are using different definitions for ’sustainable investment’

Top Money Managers See Global Stocks Gaining in 2023

BlackRock to focus on costs and hold back on new hires

Share article

Related articles:

  • The Fearless Girl, a bronze sculpture by Kristen Visbal, stands across from the New York Stock Exchange in the Financial District of New York on December 30, 2022. | Photo: Timothy A. Clary/AFP/Ritzau Scanpix

    Bonds to stage comeback as hedge for stock losses, investors say

    For subscribers

  • Photo: Pr/bnp Paribas

    Fund managers are using different definitions for ’sustainable investment’

    For subscribers

  • Survey shows AM giants expect global stock gains next year | Photo: BRENDAN MCDERMID/REUTERS / X90143

    Top Money Managers See Global Stocks Gaining in 2023

    For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Following Ingrid Bonde's resignation, Jan-Olof Jacke has been appointed acting chair of Alecta's board. | Foto: Evelina Carborn / Alecta PR
Pension

Bonde was losing support at Alecta prior to departure, Swedish daily reports

The resignation of pension giant Alecta’s chair may have been caused by pending criticism from the authorities caused by the pension giant’s risky investments – as well as a lack of internal support.
  • Alecta’s chair resigns from board of the troubled Swedish pension giant
  • Despite predicting more losses, Alecta is prepared to increase Heimstaden investment

For subscribers



Bettina Lange has been responsible for Castellum's Danish activities for the past seven years. | Foto: PR
People

Castellum's Danish country manager to join Norwegian pension investor

For subscribers



Adam Kybird is the fund manager of the Triodos Food Transition Europe Fund. | Foto: PR/Triodos
Fund Management

Impact pioneer eyes investor appetite for a food revolution

For subscribers


70 companies are part of the Science Based Targets climate initiative. | Foto: Jens Dresling
Responsible Investing

Two Danish pension funds first in the world to receive approval from climate initiative

For subscribers


Ingrid Bonde has stepped down as chair of Alecta's board. | Foto: Evelina Carborn / Alecta PR
Pension

Alecta’s chair resigns from board of the troubled Swedish pension giant

For subscribers


Head of the public pension sector at Storebrand, Jon M. Hippe. | Foto: Kristian Skalland Moen/Storebrand
Pension

Storebrand maintains its first municipal pension deal

For subscribers


  • Ole Mikkelsen joined as head of commercial real estate fund BI Erhvervsejendomme in January 2020 and has since then also been responsible for residential rental properties fund BI Boligejendomme. | Foto: PR / Bankinvest

    BankInvest's two alternative funds in negative territory

    Investors have withdrawn from BankInvest’s two alternative real estate funds in the first half of 2023, and the funds are expected to deliver negative returns for the remainder of the year.

    For subscribers


  • Carl Haglund (l.), CEO of Veritas and Carl Pettersson, CEO of Elo. | Foto: PR Veritas and Elo.

    Finnish pension fund CEOs propose higher risk to overcome demographics

    CEOs of pension insurance companies Veritas and Elo comment on the Finnish government’s plans to kick off yet another pension reform as part of efforts to save the welfare state.

    For subscribers


  • Hanna Porkka will join OP Financial Group next spring as executive vice president, wealth management. | Foto: PR OP.

    S-Bank's head of WM moves to bigger role and asset volumes at OP

    S-Bank is looking for a new head of wealth management and deputy CEO, following Hanna Porkka’s announcement that she is joining OP Financial Group next spring. 

    For subscribers


  • Mandatum headquarters in Helsinki, Finland. | Foto: PR / Mandatum

    Mandatum set to debut in Helsinki in biggest listing since 2005

    Sampo Oyj is spinning off its unit Mandatum, the biggest addition to Helsinki’s stock market in almost two decades.

    For subscribers


  • Kim Mikkelsen (left) sees positive prospects in Jan Johan Kühl and Polaris' decision to enter the market for listed companies. | Foto: Strategic Investments/Polaris

    Polaris welcomed into new territory: "There is a huge need for capital"

    Kim Mikkelsen, CIO of Strategic Investments, thinks that valuations are currently at an attractive level in the small-cap segment.

    For subscribers


  • Foto: Agustin Marcarian/Reuters/Ritzau Scanpix

    AP2 teams up with think tank to identify deforestation exposure in global portfolios

    A collaboration between Swedish buffer fund AP2 and think tank Climate & Company aims to offer other investors a guideline to identify potential exposure to deforestation.

    For subscribers


Further reading

Adam Kybird is the fund manager of the Triodos Food Transition Europe Fund. | Foto: PR/Triodos
Fund Management

Impact pioneer eyes investor appetite for a food revolution

As interest from institutional investors grows, Dutch impact investor Triodos Investment Management is aiming to make several new additions to its Food Transition Europe Fund.

For subscribers



70 companies are part of the Science Based Targets climate initiative. | Foto: Jens Dresling
Responsible Investing

Two Danish pension funds first in the world to receive approval from climate initiative

In the future, AkademikerPension and PensionDanmark will push their portfolio companies to meet CO2 targets due to the Science Based Targets initiative’s validation of the funds’ climate plans.

For subscribers



Ingrid Bonde has stepped down as chair of Alecta's board. | Foto: Evelina Carborn / Alecta PR
Pension

Alecta’s chair resigns from board of the troubled Swedish pension giant

Ingrid Bonde has chaired Alecta during a turbulent period when risky investments in Heimstaden Bostad and three US niche banks came under increased scrutiny. Now she is history at the pension giant. 

For subscribers


Charlotte Mansson (left) and Elisabeth Sterner are BlackRock's head of sustainable & transition solutions, Nordics and Netherlands, and head of Nordics, respectively. | Photo: BlackRock PR / Jeppe Carlsen / Håkan Målbäck
Responsible Investing

BlackRock: High number of US investors plan to increase allocation to green transition

More than half of the institutional investors polled in a new BlackRock survey are planning to increase their low-carbon allocation. In the Nordic region and the US, the percentage is even higher.

For subscribers



Mandatum headquarters in Helsinki, Finland. | Foto: PR / Mandatum
AMWatch

Mandatum set to debut in Helsinki in biggest listing since 2005

Sampo Oyj is spinning off its unit Mandatum, the biggest addition to Helsinki’s stock market in almost two decades.

For subscribers



Antti Törmänen (l.) and Jussi Kallasvuo, general partners at Antler. | Foto: PR Antler.
AMWatch

Startup investor with Nordic roots expands into Finland, kicks off new fund

Startup investment company Antler aims to invest in more than 6,000 companies by 2030 and is determined to involve Finnish institutional investors.

For subscribers


Jobs

  • CEO - easySure Denmark

  • Chief Investment Officer (CIO)

  • Senior Associate (Financing)

See all jobs

Latest news

  • Bonde was losing support at Alecta prior to departure, Swedish daily reports –
  • Castellum's Danish country manager to join Norwegian pension investor –
  • Impact pioneer eyes investor appetite for a food revolution –
  • Two Danish pension funds first in the world to receive approval from climate initiative –
  • Storebrand maintains its first municipal pension deal –
  • Alecta’s chair resigns from board of the troubled Swedish pension giant –
  • BankInvest's two alternative funds in negative territory –
  • S-Bank's head of WM moves to bigger role and asset volumes at OP –
  • Finnish pension fund CEOs propose higher risk to overcome demographics –
  • Polaris welcomed into new territory: "There is a huge need for capital" –
See all

Jobs

  • CEO - easySure Denmark

  • Chief Investment Officer (CIO)

  • Senior Associate (Financing)

See all jobs

Colophon

AMWatch
Search

Sections

  • Fund Management
  • Pension
  • Responsible Investing
  • People
  • Sitemap
  • RSS feeds

Editor

Anne Louise Houmann

alh@amwatch.dk

Tel.: +45 2830 5142

  • About AMWatch

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Banner Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7491

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7491

Jobs

Subscription

Try AMWatch or get an offer for a subscription meeting the exact needs of you or your company.

amwatch@infowatch.dk

Tel.: +45 7077 7491

Learn more about subscriptions here

Address

AMWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8382

Guidelines

  • Privacy Policy

Copyright © AMWatch — All rights reserved