Every year, OMFIF’s Global Public Investor captures a moment in the evolution of official investment, with some years defined by a single shock and others by a turning point in markets. This year’s report is different because it points to something more durable: a world in which volatility is no longer a phase to get through, but a condition to be managed. For central banks, sovereign funds and public pension funds, this demands a different kind of discipline. The challenge is not simply to respond to higher rates, geopolitical risk or changes in the monetary system, but to build portfolios and institutions that can ... (full story)