Why public asset owners are at an inflection point

Public asset owners are at an inflection point as traditional investment strategies and business models are challenged by a rapidly changing landscape. Sovereign funds, public pension funds and central banks, which collectively hold over $40tn in assets, need to adapt to an industry in flux to achieve their core goals.

In a far-reaching, survey-based report, ‘The Evolution of Public Asset Owners’, BNY Mellon finds that the majority of public asset owners are seeking new and bold ideas in search of yield, that only 6% are satisfied with their business models and a solid majority have begun operational transformation, in large part to meet the demands of digitisation and data challenges. Christine Mikolajuk, Europe, Middle East and Africa chief operating officer for global client management at BNY Mellon, joins Patricia Haas Cleveland, OMFIF US president, to discuss the report's findings.