Talaria Capital (Talaria) says capital movements have become less rational in the past few years, as indebted governments push savings towards domestic priorities and force capital home.
Talaria points to indebted governments moving to force savings home to fund local priorities. As an example, the equity fund manager cites the UK’s new power to compel pension funds into local assets, US Treasury Secretary Scott Bessent describing allied investment commitments as a US “sovereign wealth fund”, and Australia’s “nation building” superannuation debate.
Talaria refers to debate about whether superannuation funds should direct investments towards “nation building” initiatives such as…