Raphael Arndt is the CEO of the Future Fund, Australia’s 200 billion AUZ ($135B) sovereign wealth fund that his team manages alongside 55 billion AUZ of other sovereign pools of capital. Raphael assumed the CEO seat in 2020 after serving as Chief Investment Officer for six years. Our conversation focuses on the significant…

In the second episode of our Super Allocator Miniseries, we travel to Australia and explore the country’s sovereign wealth fund. Ben Samild, Deputy CIO of the fund, explains: their mandate and portfolio approach, how they select external managers, predicting the post-COVID macro environment, and currency and ESG…

Peter Madsen, CIO of SITFO, joins Alan Dunne in this episode to discuss how the $3.5bn State of Utah Sovereign Fund runs its investment portfolio. They discuss the rationale for Peter’s investment philosophy of having a diversified portfolio of growth assets, real assets, income generating assets and defensive strategies in…

In this conversation, Nicolas Dufourcq, who has been at the helm of the fund since its creation in 2013, explains its genesis, evolution and ambitions. He discusses its principal activities and purpose to drive financing and innovation, as well as his mission “to galvanize the French economy”. He also describes the emergence…

Danielle DiMartino Booth, CEO and chief strategist at QI Research, returns to Forward Guidance to share her thoughts on May 3rd’s Federal Reserve’s meeting of the Federal Open Market Committee (FOMC) as well as the ongoing issues at several regional U.S. banks.

Former Bank of England Governor Mervyn King blames central banks for fuelling the cost of living crisis by printing too much money during the pandemic. King headed Britain's central bank from 2003 to 2013, and oversaw the start of its QE programme in March 2009 during the global financial crisis.

This is Invesco's seventh annual study of sovereign investors. It gathers unique perspectives from senior investment professionals managing the assets and reserves of sovereign wealth funds, state pension funds and central banks globally. The five key themes in this year’s report seek to build on the findings from previous…

This is Invesco's seventh annual study of sovereign investors. It gathers unique perspectives from senior investment professionals managing the assets and reserves of sovereign wealth funds, state pension funds and central banks globally. The five key themes in this year’s report seek to build on the findings from previous…

In this keynote from Norges Bank Investment Management's event together with Ung i Finans, our Portfolio Manager Jon Egil Strand talks about how his team Equity Trading and Transition uses AI in trade execution to lower costs and invest smarter. Jon Egil explains how his team, responsible for over 1 billion US dollars,…

Mark Carney is the Vice Chair and Head of Transition Investing @ Brookfield Asset Management, one of the world’s leading asset managers with over $800BN in AUM. Mark is also United Nations Special Envoy on Climate Action and Finance. He has also served as Finance Advisor to the British Prime Minister. In addition to this,…

The Federal Reserve manages interest rates — and therefore the economy — through its balance sheet, which is filled with things that make the Fed money (assets) and things that cost it money (liabilities). For the last 15 years, it’s made money from these assets. In 2021, its earnings totaled $107 billion. But now it’s…

This podcast features Kevin Warsh and Myron Scholes (of Black-Scholes fame) and their views on years of unconventional monetary policy.

How will climate change affect central bank policymaking? Emanuel Moench, Head of Research at the Deutsche Bundesbank, joins the 'A Sustainable Future' podcast.

Professor Kevin Dowd from Durham University Business School argues that CBDC's are unnecessary, undesirable and don’t work, pointing out that there are no obvious benefits from their use and even central bankers have struggled to articulate their usefulness. There is simply no demand for them. Furthermore, if people…

Professor Tim Congdon contrasts his view of QE with that of Ben Bernanke, arguing that “quantitative easing” works, both in theory AND in practice. In his book on 21st-Century Monetary Policy Ben Bernanke has several pages on QE, but hardly notices that these operations increase the quantity of money, broadly-defined.…

Euro Short-Term Rate, or €STR, is the primary overnight money-market benchmark rate in the Euro area. Designed by the European Central Bank, €STR reflects the wholesale Euro unsecured, overnight, borrowing costs of banks located in the Euro Area. It looks at the “fixed rate” deposit transactions over one million Euros that…

In this special edition of Steno’s Signals, Andreas Steno Larsen goes live to provide an update on what’s required to contain deposit flight.

In this episode of The Sound of Economics, Maria Demertzis invites Grégory Claeys and Megan Greene to discuss why the ECB has decided to go down the route of quantitative tightening and what it could mean for the future of the euro area.

Joseph is a former senior trader on the Fed's trading desk, where he conducted open market operations and studied the global dollar system.

Project Aurum is a collaboration between the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, and the Hong Kong Applied Science and Technology Research Institute. Aurum is a full-stack (front-end and back-end) central bank digital currency (CBDC) system comprising a wholesale interbank system and a…