Azmil Zahruddin Raja Abdul Aziz

Investing for the Long-Term

Ian Martin, Sophia Cheng, Azmil Zahruddin Raja Abdul Aziz, Michael Rolland, Tom Tull

Representatives from Texas ERS, OMERS, Kazana National Fund, and Cathay Financial convened to discuss capital management strategies for institutional pools exceeding $700 billion in combined assets. The panelists detailed shifts toward alternative asset allocation and direct private investments to counter demographic aging, low-interest rate environments, and rising market valuations. Key discussions highlighted the tension between strict ESG governance and financial performance, alongside the necessity of avoiding crowded markets through bilateral deal relationships and active risk management.