Investment and markets
Long-horizon capital, private markets and the market systems that price and transfer risk are where physical, operational and transition shocks are eventually valued. This group of The Global Risks Alliance (GRA) sector platforms brings together four established communities: Asset Management Nexus, Capital Markets Nexus, Private Equity Nexus and Institutional Funds Nexus. Each publishes evidence for every manager's or owner's own analysis, and none advises on, recommends or arranges any investment. This page is part of the specialist financial network.
- Institution
- The Global Risks Alliance (GRA)
- Service level
- R0: information and enquiries
Exposure aggregation
Investment and markets · Exposure aggregation · Submission 3
Accumulation
circle: aggregated exposure, placeholder
Accumulation by zone
| Coastal zone 1 | 26 | 6 | Cyclone |
| River zone 2 | 6 | 2 | Flood |
| Fault zone 3 | 5 | 4 | Earthquake |
Data quality
GRA · Exposure aggregationExposure aggregation, in outline: domain structure with placeholder names and illustrative values, not a record.
The short answer.
The investment and markets group of GRA sector platforms brings together four established communities, Asset Management Nexus, Capital Markets Nexus, Private Equity Nexus and Institutional Funds Nexus, where shocks are eventually valued across the investment chain. They publish evidence for each manager's own judgement and never coordinate collective action.
Assets on the grid, and the portfolio they make.
Where a portfolio's assets sit, and how much of its value is most exposed. Hypothetical assets, not an assessment.
Four communities across the investment chain.
Asset Management Nexus
What physical, transition and nature-related risk means for portfolios, and how scenario evidence can inform each manager's own analysis without becoming advice or coordinated action. Visit Asset Management Nexus.
Capital Markets Nexus
How risk is priced, transferred and concentrated in markets, and how disruption propagates through market structure. Visit Capital Markets Nexus.
Private Equity Nexus
Operational and supply-chain resilience in privately held companies, and the scenario questions owners can ask of a holding. Visit Private Equity Nexus.
Institutional Funds Nexus
Pensions and long-term funds whose liabilities outlast most risk models: longevity, health and long-horizon resilience evidence. Visit Institutional Funds Nexus.
What investors and markets are measured against.
| Instrument | Body | Relevance |
|---|---|---|
| IOSCO Objectives and Principles of Securities Regulation | IOSCO | Market integrity, disclosure and the regulation of intermediaries and funds |
| Liquidity risk management recommendations for funds | IOSCO and FSB (revised 2023) | Liquidity management tools and the match between asset liquidity and redemption terms |
| IFRS S2 and PCAF | ISSB; PCAF | Climate disclosure and financed emissions for asset owners and managers |
| Santiago Principles | International Forum of Sovereign Wealth Funds | Governance and transparency of sovereign wealth funds |
| OECD Core Principles of Private Pension Regulation | OECD | Governance, investment and funding of private pensions |
Portfolios as maps of assets.
An equity, bond or private-asset portfolio is ultimately a set of physical assets: plants, mines, buildings, fleets. Asset-level databases geolocate them and attribute them to issuers through ownership chains and legal entity identifiers. GRA uses that attribution to show which share of a portfolio's value sits in which hazard, with hypothetical portfolios only. Work continues at Asset Management Nexus, Institutional Funds Nexus, Private Equity Nexus and Capital Markets Nexus.
The science these platforms rely on.
- Financial economics and econometrics, for how risks are priced and how prices respond
- Scenario design, for comparing outcomes across plausible futures and stating what was not tested
- Network contagion and market technology, for how disruption travels through market structure
- Actuarial mathematics and decision analysis, for liabilities that run for decades
Each method has one canonical description in the STEM Commons stewarded by The Global Centre for Risk and Innovation (GCRI); a platform shows how that method is used in its own sector.
Evidence for independent decisions, never collective action.
- 01
No advice
Nothing on these platforms recommends buying, selling or holding any security, fund or asset, or advises on the issue of a security.
- 02
No coordination
Platform work never produces a collective commitment on which sectors, firms or projects to invest in or exclude. Each participant decides independently.
- 03
No introductions
GRA does not introduce investors to issuers, funds or projects, and takes no pay tied to any transaction.
These safeguards are part of a written competition policy that counsel reviews before membership opens.
Related communities and evidence.
A proposed Private Credit community is in development and not yet open. Related research: industry research and models and professional methods. The capital markets field of The Global Centre for Risk and Innovation (GCRI) is described on its capital markets and investment page. Other groups: insurance and banking and technology and operational risk.
Terms used on this page.
Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.
| Term | Definition |
|---|---|
| Fiduciary duty | The legal duties of loyalty, prudence and care that trustees and managers owe to beneficiaries. |
| Stewardship | Investors' use of ownership rights and influence, through voting, engagement and escalation, to protect long-term value. |
| Universal owner | A large investor so widely diversified that it effectively owns a slice of the whole economy and its systemic risks. |
| Antitrust safeguards | The written rules, agendas, minutes and counsel review that keep competitors in a trade association from exchanging competitively sensitive information or coordinating prices, output or customers. |
Where this page's references lead.
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
- IOSCO Objectives and Principles of Securities Regulation
- IOSCO recommendations on liquidity risk management for collective investment schemes (revised 2023) and FSB OEF recommendations
- IFRS S1 and IFRS S2 (ISSB), with the December 2025 targeted amendments to IFRS S2 GHG requirements (effective 2027)
- PCAF Global GHG Accounting and Reporting Standard, Part A financed emissions, third edition (December 2025)
- Santiago Principles: Generally Accepted Principles and Practices for sovereign wealth funds (IFSWF)
- OECD Core Principles of Private Pension Regulation
- GLEIF Legal Entity Identifier data
- Spatial Finance Initiative GeoAsset databases
Questions and answers.
Can these platforms help me choose investments?
Is scenario evidence a forecast of returns?
Can investors agree common positions through GRA?
How do I take part?
Around GRA.
Start with an enquiry.
The current service level is R0: information and enquiries. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.