Sonya Sawtell-Rickson is CIO of HESTA, discussing implementation channels for credit investments.
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“And at the moment we're preferring private markets. We think the dislocation is better and, you know, more targeted in private markets, but that's not always the case.”
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More from Sonya Sawtell-Rickson
Opinion
Sawtell-Rickson: Private credit investors are overpaid for risk amid bank retreat
“And probably, to be honest, we think we're being overpaid for the risk we're taking in the current environment of scarcity as banks are pulling back.”
Sonya Sawtell-RicksonOct 9, 2023▶ 39:50Sonya Sawtell-Rickson – Total Portfolio Approach at Australian Superannuation HESTA (EP.342)
Insight
Divesting high-carbon assets is not ESG success for universal owners
“We know that we don't just want carbon emissions to reduce in our portfolio. That would be easy. I could just sell everything with high carbon and be done tomorrow. But that is absolutely not success for us. Success is reducing carbon emissions in the real eco…”
Sonya Sawtell-RicksonOct 9, 2023▶ 24:01Sonya Sawtell-Rickson – Total Portfolio Approach at Australian Superannuation HESTA (EP.342)
Disclosure
HESTA rejects committee decision-making in favor of individual risk delegation
“We actually delegate decisions to key decision makers. There are a lot of decision makers in our business. I don't get to make every decision, for example. We're very fortunate that we've got a lot of delegation from our investment committees. They set clear p…”
Sonya Sawtell-RicksonOct 9, 2023▶ 29:59Sonya Sawtell-Rickson – Total Portfolio Approach at Australian Superannuation HESTA (EP.342)
Opinion
Sawtell-Rickson: Equity markets have not priced in consumer bifurcation and debt risks
“That is something we're watching closely, and we just don't think equity markets have really priced that risk at the moment.”
Sonya Sawtell-RicksonOct 9, 2023▶ 50:54Sonya Sawtell-Rickson – Total Portfolio Approach at Australian Superannuation HESTA (EP.342)
Insight
Sawtell-Rickson: Markets are complex adaptive systems with medium-term predictability
“My personal view on markets is very much That they tend towards being complex adaptive systems. I think we can talk about them as complex environments, but there is a level of predictability, and we do think markets are somewhat predictable over the medium ter…”
Sonya Sawtell-RicksonOct 9, 2023▶ 13:31Sonya Sawtell-Rickson – Total Portfolio Approach at Australian Superannuation HESTA (EP.342)
Insight
Sawtell-Rickson: Top investors use a total portfolio approach over siloed benchmarks
“The way I believe the best investors sort of attack markets is with a total portfolio approach. So very much embedding in the entire team, a deep understanding of those investment objectives, a deep understanding of what matters most for our members. So moving…”
Sonya Sawtell-RicksonOct 9, 2023▶ 14:01Sonya Sawtell-Rickson – Total Portfolio Approach at Australian Superannuation HESTA (EP.342)
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