An asset class that was celebrated a few years ago can suddenly become a source of frustration. A strategy that once seemed well suited to an institution’s goals can be questioned by a new investment committee. Strong performance can create confidence, while periods of underperformance can quickly test it.
Those tensions were present throughout this year’s FAOG Conference. Conversations ranged from private markets and place-based investing to artificial intelligence and the evolving legal environment. Across those discussions, one question continued to surface: Should we act?