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Stefan Dunatov

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  1. 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.

  2. Milken Institute1h 2m

    London Summit 2015 - Institutional Investors: Examining the Long Term (I)

    David Blood, Stefan Dunatov, Torben Möger Pedersen, Eugene O'Callaghan, Stefan Diletov, Trevor Kalserdine, Scott Young, Faith Ward, Ekaterina Scharschitz, Steve

    Representatives from Coal, Pension Denmark, and Ireland's Strategic Investment Fund convened to align diverse mandates ranging from closed pension schemes to sovereign wealth objectives amidst a global backdrop of elevated asset valuations. Participants detailed strategic pivots toward non-listed income-generating assets and blended finance structures to manage permanent loss risks while navigating the inherent trade-offs between commercial returns and domestic economic impact. The dialogue further emphasized rigorous governance frameworks and ESG integration, rejecting direct corporate board oversight in favor of leveraging third-party proxies to drive sustainable value creation.