The meager 2.3% return from the Quebec pension fund’s private equity portfolio fell well short of the benchmark’s 12.6%.
With inflation data muddied, rate cuts uncertain and private credit facing tougher tests, money managers say the next year will reward investors who get specific—about curve, structure and currency.
As 2026 kicks off, investors are ‘trying to extrapolate potential risk factors’ and looking to diversify.
Technology, data collection and better funded statuses have asset owners rethinking traditional benchmarks.
