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Pension Funds Enter a New Governance Era Amid Geopolitical and AI Disruption

Published: 23 February 2026

As global trade wars, geopolitical tensions and AI advances reshape financial markets, pension funds face mounting pressure to adapt. Sebastien Betermier, Associate Professor of Finance at 鶹ýվ Desautels, argues that 2026 demands three priorities from pension leaders: building more agile portfolios from pension leaders: building more agile portfolios capable of withstanding regime shifts, forging proactive partnerships with governments on infrastructure investment, and rethinking their exposure to private markets as retail investors flood in.

“If pension funds aren’t at the table, they’re on the menu,” Betermier warns, echoing Prime Minister Carney’s Davos remarks. The challenge isn’t just navigating uncertainty – it’s redesigning the governance structures and decision-making processes that were never built for it. 

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