The barrage of recent announcements aimed at directing more money from pension funds into private assets, especially infrastructure and major property development projects, is starting to send ripples of concern across the sector, especially among asset managers and advisers.

Insurers are looking to hold their nerve when it comes to asset allocation despite growing concerns about the threat of economic turbulence and geopolitical instability.

The rise of artificial intelligence continues to reshape the investment landscape, Inevitably, caution prevails among insurance company CIOs but AI’s growing power and sophistication cannot be ignored.

Is there any reliable concept of normality for institutional investors as another turbulent year draws to a close? Perhaps the best we can say is that volatility has become the new normal, writes Contributing Editor David Worsfold.