Nick Moakes

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.