4. Building smarter portfolios: a look inside the Total Portfolio Approach
In this episode of Investing for Tomorrow, we explore the Total Portfolio Approach (TPA) — a model that prioritises long-term goals, cross-team collaboration, and dynamic decision-making over rigid asset class buckets. Joined by Sue Brake, former CIO of the Future Fund and Board member at NZ Super Fund and Stephen Gilmore, Chief Investment Officer at CalPERS, we unpack the practical and cultural changes required to implement TPA, from breaking down silos to fostering joined-up thinking. As well as the benefits and the real challenges in making the transition. Whether you’re just starting to explore TPA or looking to deepen your understanding, this episode offers timely insight into one of the most promising evolutions in institutional investing. Resources mentioned: Research paper: It’s about time Research hub: Total Portfolio Approach (TPA) hub
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3. The rise of alternatives and gold
As market dynamics shift, alternative and private market investments are taking centre stage—reshaping portfolios and redefining investment strategies. In this episode of Investing for Tomorrow, we explore why asset owners are increasing their allocations to private markets, the rise of “Alternatives+++”, and how gold continues to serve as a safe-haven asset in uncertain times. Joined by Denise Kehler, Chief Investment Officer, North America at WTW, and Jeremy De Pessemier, Asset Allocation Strategist at the World Gold Council, we explore the trends, innovations, and challenges driving a new approach to portfolio construction—one that emphasises resilience and long-term performance through alternative investments. Resources mentioned: Global Asset Owner Peer Study on best practices Goldhub
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2. The evolution of Risk 2.0
Risk has always been at the heart of investing—but today’s systemic shocks, regime shifts, and the rise of private markets are pushing traditional risk models to their limits. Investors need a new approach. In this episode we explore Risk 2.0—a broader, more adaptive way of managing risk that accounts for uncertainty, resilience, and long-term thinking. Joined by Jeff Chee, Global Head of Portfolio Strategy at WTW, and Lindsey Matthews, Chief Risk Officer at Universities Superannuation Scheme (USS), we unpack why the current risk paradigm is falling short, what’s holding investors back from adopting a more systemic approach, and how firms can evolve their risk management for the future. Resources mentioned: Systems thinking content hub Systems curriculum Pay now or pay later?
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1. Organisational alpha: building resilience in uncertain times
Beyond portfolios, what truly drives long-term success? In this episode of Investing for Tomorrow, we explore organisational alpha—the value firms create through people and process. In an era of rapid change and uncertainty, resilience is key. Joined by Roger Urwin, Co-founder of the Thinking Ahead Institute, and Mitesh Sheth, Chief Investment Officer, Multi-Asset at Newton Investment Management, we unpack how governance, technology, talent, culture, and leadership shape the future of investment. We discuss why firms that master these elements are better positioned to adapt, innovate, and thrive. Resources mentioned: Global Asset Owner Peer Study on best practices Insights and best practices from global asset owners | part 1 Insights and best practices from global asset owners | part 2 2024 NZ Super Fund review Holiday time reading 2024 | Today a reader, tomorrow a leader
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8. Key insights and research highlights of 2024
Don't miss our final podcast episode of the year, where we spotlight the standout Thinking Ahead Institute research from 2024. While we can’t cover it all, we’ll explore key highlights, from the climate transition and systems thinking to investment beliefs, asset owner best practices, and our latest industry studies. Join us as we sit down with each member of the research team to dive into their insights and get to know them better. Tune in to reflect on what has been another bumper year for the Thinking Ahead Institute! Resources mentioned: Research agenda 2024 Global Asset Owner Peer Study on best practices Global industry studies Systems curriculum Systems thinking content hub Book: Post Growth—Life After Capitalism by Tim Jackson Book: Siddhartha by Hermann Hesse Book: On Leadership: Lessons for the 21st Century by Tony Blair Film: The Day After Tomorrow Artwork: The Great Wave off Kanagawa Song: Imagine by John Lennon Cartoon: Ride the waves of annihilation
Welcome to Investing for Tomorrow, the Thinking Ahead Institute’s (TAI) podcast channel.
The world is transforming at breakneck speed and we’re here to talk about what this means for investments.
TAI is a global not-for-profit group whose members comprise asset owners, asset managers and other groups motivated to influence the investment industry for the good of savers worldwide.
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