Juan Manuel Valle Pereña
Showing 1–2 of 2 transcripts.
- Milken Institute58 min
Institutional Investors: Focusing on Long-Term Value in a Short-Term World
Joseph L. Hooley, Christopher Ailman, David Atkin, Vicki Fuller, Nick Moakes, Juan Manuel Valle Pereña, Chris Ailman
Representatives from CalSTRS, the NYS Common Retirement Fund, and the Wellcome Trust convened to discuss navigating a global equity market priced to perfection by maintaining defensive postures and leveraging long-term horizons. The panelists reached a consensus against asset divestment, favoring direct engagement and integrated reporting to address ESG risks while prioritizing capital allocation in technology, biotech, and food security. Key strategic shifts included upgrading credit quality, expanding international real assets, and adopting sustainable spending models to mitigate the pressures of tightening interest rates and regulatory uncertainty.
- Milken Institute56 min
Global Institutional Investors: Assessing U.S. Opportunities
Stefan Dunatov, Sophia Cheng, Lisa Gray, Juan Manuel Valle Pereña, Xiaoliang Zhao, Lisa Graham
Representatives from sovereign wealth funds and major pension administrators in China, Taiwan, Mexico, and Australia convened to discuss the strategic allocation of over $500 billion in assets toward the U.S. market despite fully priced valuations. The panelists outlined a shift toward private credit and a barbell approach mixing passive liquidity with illiquid alternatives, while employing complex hedging strategies to mitigate currency risks associated with non-dollar liabilities. Although consensus anticipates a low-return environment over the next two to five years, the group maintains the U.S. as a preferred destination due to its robust growth fundamentals, innovation ecosystem, and critical role in global diversification.