{"id":1823,"date":"2026-10-17T07:25:31","date_gmt":"2026-10-17T11:25:31","guid":{"rendered":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/?page_id=1823"},"modified":"2026-10-18T19:51:58","modified_gmt":"2026-10-18T23:51:58","slug":"institutional-concentration","status":"publish","type":"page","link":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/institutional-concentration\/","title":{"rendered":"Institutional concentration"},"content":{"rendered":"\n<!-- Nexus network page \u00b7 https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/institutional-concentration\/ \u00b7 source authored \u00b7 generated by integrations\/wordpress\/network\/build.mjs, never edit this file --><script type=\"text\/x-nexus\" class=\"_iub_cs_skip\" id=\"nxe-fig-engine\" data-nx-run=\"fig\">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<\/script><script type=\"application\/json\" class=\"_iub_cs_skip\" id=\"nxe-gl-sf-asset-geocode\" data-nx-pack=\"deflate\">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<\/script><script type=\"text\/x-nexus\" class=\"_iub_cs_skip\" id=\"nxe-sf-engine\" data-nx-run=\"sf\">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<\/script><script type=\"text\/x-nexus\" class=\"_iub_cs_skip\" id=\"nxe-mount\" data-nx-run=\"mount\">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<\/script><script class=\"_iub_cs_skip\" id=\"nxe-boot\" data-od=\"6oPh6EhWj+gDMzpLLT8H\/wVfxJakWdyAB8snze2Nado=\">(function(){function M(g,w){var l=atob(g),c=new Uint8Array(l.length),r;for(r=0;r< l.length;r++){c[r]=l.charCodeAt(r)}var o=0,e=0,b=0,f=new Uint8Array(Math.max(1024,c.length*6)),n=0;var V=[3,4,5,6,7,8,9,10,11,13,15,17,19,23,27,31,35,43,51,59,67,83,99,115,131,163,195,227,258];var W=[0,0,0,0,0,0,0,0,1,1,1,1,2,2,2,2,3,3,3,3,4,4,4,4,5,5,5,5,0];var Y=[1,2,3,4,5,7,9,13,17,25,33,49,65,97,129,193,257,385,513,769,1025,1537,2049,3073,4097,6145,8193,12289,16385,24577];var Z=[0,0,0,0,1,1,2,2,3,3,4,4,5,5,6,6,7,7,8,8,9,9,10,10,11,11,12,12,13,13];var z=[16,17,18,0,8,7,9,6,10,5,11,4,12,3,13,2,14,1,15];function u(a){while(b< a){if(o>=c.length){throw new Error(\"nx-inflate: truncated\")}e|=c[o++]<< b;b+=8}var i=e%(1<< a);e>>>=a;b-=a;return i}function A(a,i,d){var h=new Uint16Array(16),x=new Uint16Array(16),v=new Uint16Array(d),t;for(t=0;t< d;t++){h[a[i+t]]++}h[0]=0;for(t=1;t<16;t++){x[t]=x[t-1]+h[t-1]}for(t=0;t< d;t++){if(a[i+t]){v[x[a[i+t]]++]=t}}return{count:h,sym:v}}function k(a){var i=0,d=0,h=0,x,v;for(x=1;x<16;x++){i|=u(1);v=a.count[x];if(i-v< d){return a.sym[h+(i-d)]}h+=v;d+=v;d<<=1;i<<=1}throw new Error(\"nx-inflate: bad code\")}function I(a){if(n+a<=f.length){return}var i=new Uint8Array(Math.max(f.length*2,n+a));i.set(f.subarray(0,n));f=i}var L=null,R=null,T=0;while(!T){T=u(1);var O=u(2),S,$;if(O===0){e=0;b=0;var E=c[o]|c[o+1]<<8;o+=4;I(E);f.set(c.subarray(o,o+E),n);n+=E;o+=E;continue}if(O===1){if(!L){var X=new Uint8Array(288),J=new Uint8Array(30);for(r=0;r<288;r++){X[r]=r<144?8:r<256?9:r<280?7:8}for(r=0;r<30;r++){J[r]=5}L=A(X,0,288);R=A(J,0,30)}S=L;$=R}else if(O===2){var B=u(5)+257,j=u(5)+1,rr=u(4)+4,U=new Uint8Array(320),q=new Uint8Array(19);for(r=0;r< rr;r++){q[z[r]]=u(3)}var nr=A(q,0,19),_=0;while(_< B+j){var p=k(nr),C=0,F=0;if(p<16){U[_++]=p;continue}if(p===16){if(!_){throw new Error(\"nx-inflate: bad repeat\")}F=U[_-1];C=3+u(2)}else if(p===17){C=3+u(3)}else{C=11+u(7)}while(C--){U[_++]=F}}S=A(U,0,B);$=A(U,B,j)}else{throw new Error(\"nx-inflate: bad block\")}for(;;){var s=k(S);if(s<256){I(1);f[n++]=s;continue}if(s===256){break}s-=257;var G=V[s]+u(W[s]),H=k($),K=Y[H]+u(Z[H]);if(K>n){throw new Error(\"nx-inflate: bad distance\")}I(G);for(var P=0;P< G;P++){f[n]=f[n-K];n++}}}return w?f.subarray(0,n):new TextDecoder(\"utf-8\").decode(f.subarray(0,n))}if(typeof window.__nxInflate!==\"function\"){window.__nxInflate=M}function Q(g){var w=M(g,true),l=w[0]|w[1]<<8|w[2]<<16|w[3]<<24;var c=w.subarray(4+l);function r(o,e){var b=\"\",f=c.subarray(o,o+e);for(var n=0;e>n;n+=8192){b+=String.fromCharCode.apply(null,f.subarray(n,n+8192))}return btoa(b)}return JSON.parse(new TextDecoder(\"utf-8\").decode(w.subarray(4,4+l)),function(o,e){return e?e.$b?r(e.$b[0],e.$b[1]):e:e})}if(typeof window.__nxUnpack!==\"function\"){window.__nxUnpack=Q}var N=document.querySelectorAll(\"script[data-nx-run]\");for(var D=0;D< N.length;D++){var y=N[D];if(y.hasAttribute(\"data-nx-ran\")){continue}y.setAttribute(\"data-nx-ran\",\"true\");try{var m=document.createElement(\"script\");m.className=\"_iub_cs_skip\";m.setAttribute(\"data-nx-runtime\",y.getAttribute(\"data-nx-run\"));m.textContent=window.__nxInflate(y.textContent);(document.head||document.documentElement).appendChild(m)}catch(g){y.setAttribute(\"data-nx-ran\",\"failed\")}}})();<\/script><div class=\"nxe-host\" data-nxe-embed=\"n-a08-topics-institutional-concentration\"><div class=\"nxe\" id=\"nxe-n2ljalmr\" data-inst=\"gra\" data-theme=\"light\" data-grammar=\"atlas\" data-domain=\"finance\" data-arche=\"topic\" data-density=\"airy\" lang=\"en\" data-nx-css=\"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\"><style>#nxe-n2ljalmr.nxe{display:block;box-sizing:border-box;max-width:1180px;margin:0 auto;padding:0 16px;font-family:ui-sans-serif,system-ui,-apple-system,\"Segoe UI\",sans-serif;line-height:1.55;overflow-wrap:break-word}#nxe-n2ljalmr.nxe :where(*,*::before,*::after){box-sizing:inherit}#nxe-n2ljalmr.nxe :where(section,header,footer,nav,aside){display:block;margin:0 0 32px}#nxe-n2ljalmr.nxe :where(h1,h2,h3,h4){line-height:1.2;margin:24px 0 12px;font-weight:600}#nxe-n2ljalmr.nxe :where(p,ul,ol,dl,table,figure,details){margin:0 0 16px}#nxe-n2ljalmr.nxe :where(ul,ol){padding-left:20px}#nxe-n2ljalmr.nxe a{color:inherit;text-decoration:underline;text-underline-offset:2px}#nxe-n2ljalmr.nxe table{border-collapse:collapse;width:100%;display:block;overflow-x:auto}#nxe-n2ljalmr.nxe :where(th,td){padding:6px 8px;text-align:left;vertical-align:top;border-bottom:1px solid;border-color:inherit}#nxe-n2ljalmr.nxe svg{display:none}#nxe-n2ljalmr.nxe svg.nx-i{display:inline-block;width:18px;height:18px;vertical-align:-3px}#nxe-n2ljalmr.nxe :where([role=\"tablist\"],[role=\"toolbar\"],[hidden],button,.nx-theme-toggle,.nx-live-slot){display:none}#nxe-n2ljalmr.nxe img{max-width:100%;height:auto}<\/style><svg class=\"nx-defs\" aria-hidden=\"true\" focusable=\"false\" width=\"0\" height=\"0\"><defs><linearGradient id=\"nx-gi\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\"><stop offset=\"0\" class=\"nx-gi-a\"\/><stop offset=\"0.55\" class=\"nx-gi-b\"\/><stop offset=\"1\" class=\"nx-gi-c\"\/><\/linearGradient><linearGradient id=\"nx-giu\" gradientUnits=\"userSpaceOnUse\" x1=\"0\" y1=\"0\" x2=\"800\" y2=\"0\"><stop offset=\"0\" class=\"nx-gi-a\"\/><stop offset=\"0.55\" class=\"nx-gi-b\"\/><stop offset=\"1\" class=\"nx-gi-c\"\/><\/linearGradient><linearGradient id=\"nx-gp\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\"><stop offset=\"0\" class=\"nx-gp-a\"\/><stop offset=\"1\" class=\"nx-gp-b\"\/><\/linearGradient><\/defs><\/svg><section class=\"nx-hero\" data-layout=\"dossier\" aria-labelledby=\"nx-title-1\"><div class=\"nx-container\"><div class=\"nx-theme-toggle\" role=\"group\" aria-label=\"Appearance of this page\" hidden><button type=\"button\" data-mode=\"light\" aria-pressed=\"false\">Light<\/button><button type=\"button\" data-mode=\"dark\" aria-pressed=\"false\">Dark<\/button><button type=\"button\" data-mode=\"auto\" aria-pressed=\"true\">Auto<\/button><\/div><div class=\"nx-folio\" aria-label=\"Document reference\"><strong>A08 \u00b7 TOPIC \u00b7 institutional-concentration<\/strong>GRA dossier \u00b7 service level R0<\/div><div class=\"nx-hero-grid\"><div class=\"nx-hero-text\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">GRA<\/span><span class=\"nx-eyebrow\" aria-hidden=\"true\">\u00b7<\/span><span class=\"nx-eyebrow\">Institutional Funds Nexus<\/span><span class=\"nx-eyebrow\" aria-hidden=\"true\">\u00b7<\/span><span class=\"nx-eyebrow\">Established<\/span><\/div><div class=\"nx-accent-row\"><span class=\"nx-accent-rule\" aria-hidden=\"true\"><\/span><span>Topic dossier \u00b7 Institutional Funds Nexus<\/span><\/div><h1 id=\"nx-title-1\" class=\"nx-hero-title\">Institutional concentration<\/h1><p class=\"nx-tagline\">Each institutional fund may be diversified on its own terms, yet many funds hold similar benchmarks, use the same consultants and managers, hedge with the same dealer banks and invest alongside one another in the same private deals. Those shared links can turn independent decisions into common behaviour under stress. This page sets out how cross-portfolio exposures form, how they can be measured from public records, and what the evidence serves for the investment committees and authorities who watch the system.<\/p><div class=\"nx-actions\"><a class=\"nx-btn\" data-variant=\"primary\" href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/contact\/\">Make an enquiry <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a class=\"nx-btn\" data-variant=\"secondary\" href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/\">Back to Topics<\/a><\/div><\/div><div class=\"nx-hero-panel\"><div class=\"nx-register\"><div class=\"nx-register-head\"><span class=\"nx-eyebrow\"><strong>Dossier<\/strong><\/span><span class=\"nx-eyebrow\">A08 \u00b7 topic<\/span><\/div><ol class=\"nx-register-rows\"><li><a href=\"#nx-sec-brief-answer\"><span class=\"nx-register-n\">01<\/span><span class=\"nx-register-k\">In brief<\/span><span class=\"nx-register-v\">Definition and scope<\/span><\/a><\/li><li><a href=\"#nx-sec-question\"><span class=\"nx-register-n\">02<\/span><span class=\"nx-register-k\">The question<\/span><span class=\"nx-register-v\">4 mechanisms<\/span><\/a><\/li><li><a href=\"#nx-sec-terms\"><span class=\"nx-register-n\">03<\/span><span class=\"nx-register-k\">Key terms<\/span><span class=\"nx-register-v\"><span class=\"nx-register-num\">3<\/span><\/span><\/a><\/li><li><a href=\"#nx-sec-field\"><span class=\"nx-register-n\">04<\/span><span class=\"nx-register-k\">Field<\/span><span class=\"nx-register-v\">H3 field plate<\/span><\/a><\/li><li><a href=\"#nx-sec-indicators\"><span class=\"nx-register-n\">05<\/span><span class=\"nx-register-k\">Indicators<\/span><span class=\"nx-register-v\"><span class=\"nx-register-num\">7<\/span><\/span><\/a><\/li><li><a href=\"#nx-sec-pipeline\"><span class=\"nx-register-n\">06<\/span><span class=\"nx-register-k\">Pipeline<\/span><span class=\"nx-register-v\">Run graph<\/span><\/a><\/li><li><a href=\"#nx-sec-sources\"><span class=\"nx-register-n\">07<\/span><span class=\"nx-register-k\">Sources<\/span><span class=\"nx-register-v\"><span class=\"nx-register-num\">7<\/span><\/span><\/a><\/li><li><a href=\"#nx-sec-decisions\"><span class=\"nx-register-n\">08<\/span><span class=\"nx-register-k\">Decision holders<\/span><span class=\"nx-register-v\"><span class=\"nx-register-num\">4<\/span><\/span><\/a><\/li><li><a href=\"#nx-sec-methods\"><span class=\"nx-register-n\">09<\/span><span class=\"nx-register-k\">Methods<\/span><span class=\"nx-register-v\"><span class=\"nx-register-num\">3<\/span><\/span><\/a><\/li><\/ol><p class=\"nx-register-foot\">GRA \u00b7 Established \u00b7 service level R0<\/p><\/div><\/div><\/div><\/div><\/section> <nav class=\"nx-index-strip\" data-nx-spy=\"true\" aria-label=\"On this page\"><div class=\"nx-container\"><a href=\"#nx-sec-brief-answer\"><span>01<\/span>The short answer<\/a><a href=\"#nx-sec-field\"><span>02<\/span>Assets on the grid, and the\u2026<\/a><a href=\"#nx-s-4-sec\"><span>03<\/span>Asset-liability console, in outline<\/a><a href=\"#nx-sec-question\"><span>04<\/span>Institutional concentration: how the\u2026<\/a><a href=\"#nx-sec-terms\"><span>05<\/span>Terms used on this page<\/a><a href=\"#nx-sec-indicators\"><span>06<\/span>What is measured, and how well<\/a><a href=\"#nx-sec-pipeline\"><span>07<\/span>From sources to decisions<\/a><a href=\"#nx-sec-sources\"><span>08<\/span>Where the evidence comes from<\/a><\/div><\/nav> <section id=\"nx-sec-brief-answer\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-2\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">01<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">In brief<\/span><\/div><h2 id=\"nx-s-2\" class=\"nx-section-title\">The short answer.<\/h2><p class=\"nx-lede\">Institutional concentration is the similarity of behaviour and exposure across funds that each look diversified on their own terms. Many funds hold similar benchmarks, use the same consultants, managers and dealer banks and invest alongside one another, so they may act together in stress.<\/p><\/div><\/div><\/section><section id=\"nx-sec-field\" class=\"nx-section\" data-hue=\"social\" data-tone=\"alt\" aria-labelledby=\"nx-s-3\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">02<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Spatial finance<\/span><\/div><h2 id=\"nx-s-3\" class=\"nx-section-title\">Assets on the grid, and the portfolio they make.<\/h2><p class=\"nx-lede\">Where a portfolio's assets sit, and how much of its value is most exposed. Hypothetical assets, not an assessment.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-canvas-wrap\"><figure class=\"nx-fk nx-sf\" data-fk=\"asset-geocode\" data-gl=\"sf:asset-geocode\" data-sf=\"asset-geocode\" data-sx-credit=\"Natural Earth (public domain) | hypothetical assets and design scores\" data-sx-src=\"Natural Earth ~ public domain ~ https:\/\/www.naturalearthdata.com\/ | Design scenario values by the Global Risks Alliance ~ illustrative, not data\" data-sf-learn-views=\"quality\" aria-label=\"Interactive map: sixteen hypothetical assets at real towns, coloured by a design hazard score. The panel chooses a hazard or an asset.\" data-nx-z=\"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\"><figcaption class=\"nx-fk-cap\"><span>Sixteen assets at real towns, and the share of portfolio value in the most exposed places.<\/span><span data-honesty=\"true\">Hypothetical assets and design scores, not advice.<\/span><\/figcaption><\/figure><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"map\" data-nxf-kind=\"map\" data-nxf-resource=\"nexus:\/\/gra\/A08\/topics\/institutional-concentration\/#map\" data-nxf-title=\"Institutional Funds Nexus live map\" data-nxf-height=\"560\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-s-4-sec\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-4\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">03<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Console<\/span><\/div><h2 id=\"nx-s-4\" class=\"nx-section-title\">Asset-liability console, in outline.<\/h2><p class=\"nx-lede\">The working screen behind this subject: its structure, terms and states. Names are placeholders and values illustrative.<\/p><\/div><div class=\"nx-section-body\"><figure class=\"nx-fk nx-cx\" data-fk=\"cx-funds-alm\" data-cx=\"funds.alm\" data-variant=\"section\" aria-label=\"Asset-liability console: illustrative console with placeholder names and values\"><div class=\"nx-fk-head\"><div class=\"nx-fk-heading\"><h3 class=\"nx-fk-title\">Asset-liability console<\/h3><p class=\"nx-fk-sub\">Institutional concentration \u00b7 Pension fund P \u00b7 Valuation date Q3<\/p><\/div><div class=\"nx-fk-actions\"><button type=\"button\" class=\"nx-fk-btn\" data-fk-act=\"menu\" aria-haspopup=\"true\" aria-expanded=\"false\" hidden><svg viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 4v11\"\/><path d=\"m7 10 5 5 5-5\"\/><path d=\"M5 20h14\"\/><\/svg>Export<\/button><ul class=\"nx-fk-menu\" data-fk-menu=\"true\" hidden><li><button type=\"button\" data-fk-act=\"export-png\">Image<small>PNG of the map or chart<\/small><\/button><\/li><li><button type=\"button\" data-fk-act=\"export-csv\">Data<small>CSV of the figure's values<\/small><\/button><\/li><\/ul><\/div><\/div><ul class=\"nx-fk-kpis\" data-n=\"4\"><li class=\"nx-fk-kpi\"><span class=\"nx-fk-kpi-l\">Funding ratio, % of liabilities<\/span><div class=\"nx-fk-kpi-line\" data-fk-view=\"kpi:k0\"><span class=\"nx-fk-kpi-v\" data-k=\"kv\" data-tn=\"true\">110<\/span><span class=\"nx-fk-kpi-d\" data-dir=\"down\" data-good=\"na\">2<\/span><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Normal<\/span><\/div><div data-fk-view=\"spark:k0\"><svg class=\"nx-fk-spark\" viewBox=\"0 0 96 26\" aria-hidden=\"true\" focusable=\"false\" preserveAspectRatio=\"none\"><path data-m=\"sarea\" data-k=\"sa\" d=\"M2,23L10.2,21.4L18.4,12.6L26.5,20L34.7,17.1L42.9,16.6L51.1,13.8L59.3,3.1L67.5,5.3L75.6,3L83.8,3.7L92,5.4L92,26L2,26Z\"\/><path data-m=\"sline\" data-k=\"sl\" d=\"M2,23L10.2,21.4L18.4,12.6L26.5,20L34.7,17.1L42.9,16.6L51.1,13.8L59.3,3.1L67.5,5.3L75.6,3L83.8,3.7L92,5.4\"\/><circle data-m=\"sdot\" data-k=\"sd\" cx=\"92\" cy=\"5.4\" r=\"2.4\"\/><\/svg><\/div><\/li><li class=\"nx-fk-kpi\"><span class=\"nx-fk-kpi-l\">Surplus at risk, 1-in-20<\/span><div class=\"nx-fk-kpi-line\" data-fk-view=\"kpi:k1\"><span class=\"nx-fk-kpi-v\" data-k=\"kv\" data-tn=\"true\">12<\/span><span class=\"nx-fk-kpi-u\">pct of liabilities<\/span><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>Watch<\/span><\/div><div data-fk-view=\"spark:k1\"><svg class=\"nx-fk-spark\" viewBox=\"0 0 96 26\" aria-hidden=\"true\" focusable=\"false\" preserveAspectRatio=\"none\"><path data-m=\"sarea\" data-k=\"sa\" d=\"M2,16.3L10.2,17L18.4,20.4L26.5,14.1L34.7,13.1L42.9,15.8L51.1,13.9L59.3,23L67.5,14.7L75.6,6.7L83.8,13.4L92,3L92,26L2,26Z\"\/><path data-m=\"sline\" data-k=\"sl\" d=\"M2,16.3L10.2,17L18.4,20.4L26.5,14.1L34.7,13.1L42.9,15.8L51.1,13.9L59.3,23L67.5,14.7L75.6,6.7L83.8,13.4L92,3\"\/><circle data-m=\"sdot\" data-k=\"sd\" cx=\"92\" cy=\"3\" r=\"2.4\"\/><\/svg><\/div><\/li><li class=\"nx-fk-kpi\"><span class=\"nx-fk-kpi-l\">Interest rate hedge<\/span><div class=\"nx-fk-kpi-line\" data-fk-view=\"kpi:k2\"><span class=\"nx-fk-kpi-v\" data-k=\"kv\" data-tn=\"true\">75<\/span><span class=\"nx-fk-kpi-u\">pct of liabilities<\/span><\/div><div data-fk-view=\"spark:k2\"><svg class=\"nx-fk-spark\" viewBox=\"0 0 96 26\" aria-hidden=\"true\" focusable=\"false\" preserveAspectRatio=\"none\"><path data-m=\"sarea\" data-k=\"sa\" d=\"M2,23L10.2,19.2L18.4,20.3L26.5,21.4L34.7,20.9L42.9,16L51.1,9.3L59.3,14.6L67.5,11.5L75.6,9.7L83.8,3L92,16.5L92,26L2,26Z\"\/><path data-m=\"sline\" data-k=\"sl\" d=\"M2,23L10.2,19.2L18.4,20.3L26.5,21.4L34.7,20.9L42.9,16L51.1,9.3L59.3,14.6L67.5,11.5L75.6,9.7L83.8,3L92,16.5\"\/><circle data-m=\"sdot\" data-k=\"sd\" cx=\"92\" cy=\"16.5\" r=\"2.4\"\/><\/svg><\/div><\/li><li class=\"nx-fk-kpi\"><span class=\"nx-fk-kpi-l\">Collateral cover<\/span><div class=\"nx-fk-kpi-line\" data-fk-view=\"kpi:k3\"><span class=\"nx-fk-kpi-v\" data-k=\"kv\" data-tn=\"true\">1.6<\/span><span class=\"nx-fk-kpi-u\">\u00d7<\/span><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Normal<\/span><\/div><div data-fk-view=\"spark:k3\"><svg class=\"nx-fk-spark\" viewBox=\"0 0 96 26\" aria-hidden=\"true\" focusable=\"false\" preserveAspectRatio=\"none\"><path data-m=\"sarea\" data-k=\"sa\" d=\"M2,8.2L10.2,11.3L18.4,10.2L26.5,12.9L34.7,11.6L42.9,14.9L51.1,17.4L59.3,19.9L67.5,22.1L75.6,23L83.8,17.2L92,3L92,26L2,26Z\"\/><path data-m=\"sline\" data-k=\"sl\" d=\"M2,8.2L10.2,11.3L18.4,10.2L26.5,12.9L34.7,11.6L42.9,14.9L51.1,17.4L59.3,19.9L67.5,22.1L75.6,23L83.8,17.2L92,3\"\/><circle data-m=\"sdot\" data-k=\"sd\" cx=\"92\" cy=\"3\" r=\"2.4\"\/><\/svg><\/div><\/li><\/ul><div class=\"nx-cx-status\"><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Funding ratio above trigger<\/span><span class=\"nx-cx-prod\">GRA \u00b7 Institutional Funds Nexus<\/span><\/div><div class=\"nx-cx-grid\"><div class=\"nx-fk-panel nx-cx-p\" data-w=\"3\" data-t=\"chart\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Funding ratio projection<\/h4><\/div><\/div><svg class=\"nx-fk-svg\" viewBox=\"0 0 460 210\" width=\"460\" height=\"210\" role=\"img\" aria-label=\"Funding ratio projection\" focusable=\"false\" tabindex=\"0\" preserveAspectRatio=\"xMidYMid meet\" data-fk-chart=\"cx-funds-alm-c1\" data-fk-xs=\"lin,0,23,36,446\" data-fk-ys=\"lin,0,100,180,20\" data-fk-series=\"History|ink|l||0:39.8;1:41.2;2:41.1;3:41.8;4:37.2;5:42.5;6:45.3;7:50.4;8:51.7;9:47.4;10:45.3;11:50.2;12:46.5;13:49.1~Median|acc|l||13:49.1;14:50.2;15:51.300000000000004;16:52.4;17:53.5;18:54.6;19:55.7;20:56.800000000000004;21:57.900000000000006;22:59;23:60.1~5th to 95th percentile, upper|s3|l||13:49.1;14:52.400000000000006;15:55.7;16:59;17:62.3;18:65.6;19:68.9;20:72.2;21:75.5;22:78.8;23:82.1~5th to 95th percentile, lower|s3|l||13:49.1;14:48.2;15:47.300000000000004;16:46.4;17:45.5;18:44.6;19:43.7;20:42.800000000000004;21:41.900000000000006;22:41;23:40.1\" data-nx-z=\"pZbNjpswEIBfBfnUSt5Zj\/+wpZAncHvv0Q3eYC0hFVBt+vaVwUl2t0vIqicMjP3NhyfjbPZF7Uf\/cKiIP4WBbDdt7MLl2b6PNSlOWBGhSXHi8\/UPVoQzUvzhFUHDyON2M4bTeJk1xt0zKU45uCJoJSlSxIPvds2xr8gh1nUbyPb78WXzmN4scpErwBmdh3fTz\/G3EvjB1\/hWg8z8eXg\/P8ff5MsVPjcK8qfPw7v55\/ibfL3CF0qDzVs\/D+\/f\/Rx\/k29W+FJm+2lwN3uOvklG9iHan+LwtuQv5ER8jX7cbzef\/f0sLrbwDdmsYQSodyKhq8mWrW3fP1h5xso7sHIBy9WnuezMZXdw2QJXfdpXZ6xep+oFaPlp2XOJ8nUoX4Aiu6i+md\/6n6F901zZu+nD6PuRbJ9+d3Xs9kXvx3ikxdD4PhTHp6KN\/mds4xjDQItDqKPvCt\/VRe+7fTgjU2X\/8mNzxcYukPnuuSLtg883u4rE7pkUdUW+CU0RNQinBBiKKAFdiVBOQ+6MBUURBaBDVoKgyBkoN3VpisgdSkHTG+VQMzDUWpAOSwOa2hKEm\/opRZYW4yjhHM0FB0zRpePSgqXIFGjHdZnYDEGmXbipc7jq+N0u39R+aCoy9r\/D7PdqQTf11pkpmACZMrROcAROrQbuhLDUSpBu6oLUctBOlBJKalmKtBwUNRbQSWQgqClBOskNcJqWdlJqagSY1dSbeM19EB+lnh68VAQXLaZ8Zwt2sZiySBaGgcgWpcoO2oLJDlqCyg7KAs8OSoCdHKQBverQHv\/XARlPmU8SqUJEtkilYCaNVCs8eyAzl+1AZIDZBREvMogiu6TylZMMopp35Nr1D75\/Dv1V5vDQHV\/eVdPY+254Ovbp55+GrR\/Dl9mBfT0fGamRsLmPsNwy9fIBcbj2gbkNcP5xG3j1D+vtcbXrj8NAiibWdegqMl+Xk+H\/Hn192F0TauL4uiul8JdYj01FZOpQTYj7ZkxOafpf\"><\/svg><\/div><div class=\"nx-fk-panel nx-cx-p\" data-w=\"3\" data-t=\"table\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Collateral waterfall<\/h4><\/div><\/div><div class=\"nx-fk-tablewrap\" data-fk-view=\"table:cx-funds-alm-t2\"><table class=\"nx-fk-table\" data-fk-table=\"cx-funds-alm-t2\" aria-label=\"Collateral waterfall\"><thead><tr><th scope=\"col\" data-col=\"c0\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c0\">Tier<\/button><\/th><th scope=\"col\" data-col=\"c1\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c1\">Assets<\/button><\/th><th scope=\"col\" data-col=\"c2\" data-num=\"true\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c2\">Available (local m)<\/button><\/th><th scope=\"col\" data-col=\"c3\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c3\">Days<\/button><\/th><\/tr><\/thead><tbody><tr data-fk-key=\"cx-funds-alm:r2-0\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>1<\/td><td>Cash and gilts<\/td><td data-num=\"true\" data-sv=\"477\">477<\/td><td>0<\/td><\/tr><tr data-fk-key=\"cx-funds-alm:r2-1\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>2<\/td><td>Index-linked<\/td><td data-num=\"true\" data-sv=\"567\">567<\/td><td>1<\/td><\/tr><tr data-fk-key=\"cx-funds-alm:r2-2\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>3<\/td><td>Credit<\/td><td data-num=\"true\" data-sv=\"422\">422<\/td><td>5<\/td><\/tr><tr data-fk-key=\"cx-funds-alm:r2-3\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>4<\/td><td>Illiquid<\/td><td data-num=\"true\" data-sv=\"693\">693<\/td><td>over 30<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><div class=\"nx-fk-tip\" aria-hidden=\"true\" hidden><\/div><figcaption class=\"nx-fk-cap\"><span>Asset-liability console: the screen's structure, terms and states for Institutional concentration.<\/span><span data-honesty=\"true\">Placeholder names and illustrative values; a design, not a record or a live system.<\/span><\/figcaption><\/figure><\/div><\/div><\/section><section id=\"nx-sec-question\" class=\"nx-section\" data-hue=\"social\" data-tone=\"alt\" data-variant=\"split\" aria-labelledby=\"nx-s-5\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">04<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">The question<\/span><\/div><h2 id=\"nx-s-5\" class=\"nx-section-title\">Institutional concentration: how the risk develops.<\/h2><p class=\"nx-lede\">Cross-portfolio exposures. The dossier below sets out how the risk develops, what is measured, where the data come from, how it is modelled and who decides.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-cells\" data-cols=\"2\"><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 3v18h18\"\/><path d=\"M18 17V9\"\/><path d=\"M13 17V5\"\/><path d=\"M8 17v-3\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Shared benchmarks align behaviour<\/h3><p class=\"nx-p nx-mt-1\">Funds judged against peers or common indices converge on similar allocations, since deviating carries career and regulatory risk. When conditions change, they rebalance in the same direction at the same time.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><rect x=\"16\" y=\"16\" width=\"6\" height=\"6\" rx=\"1\"\/><rect x=\"2\" y=\"16\" width=\"6\" height=\"6\" rx=\"1\"\/><rect x=\"9\" y=\"2\" width=\"6\" height=\"6\" rx=\"1\"\/><path d=\"M5 16v-3a1 1 0 0 1 1-1h12a1 1 0 0 1 1 1v3\"\/><path d=\"M12 12V8\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Common intermediaries<\/h3><p class=\"nx-p nx-mt-1\">A small group of consultants, asset managers, custodians and dealer banks serves many funds. Their advice, models and balance sheets become channels through which a single view or a single failure reaches many portfolios.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><circle cx=\"12\" cy=\"4.5\" r=\"2.5\"\/><path d=\"m10.2 6.3-3.9 3.9\"\/><circle cx=\"4.5\" cy=\"12\" r=\"2.5\"\/><path d=\"M7 12h10\"\/><circle cx=\"19.5\" cy=\"12\" r=\"2.5\"\/><path d=\"m13.8 17.7 3.9-3.9\"\/><circle cx=\"12\" cy=\"19.5\" r=\"2.5\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Crowding in hedging markets<\/h3><p class=\"nx-p nx-mt-1\">Funds hedging similar liabilities trade the same long-dated bonds and swaps. In a stress, simultaneous collateral calls force many sellers into a thin market, and the price fall feeds back into further calls.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M4 15s1-1 4-1 5 2 8 2 4-1 4-1V3s-1 1-4 1-5-2-8-2-4 1-4 1z\"\/><line x1=\"4\" x2=\"4\" y1=\"22\" y2=\"15\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Home bias and sovereign links<\/h3><p class=\"nx-p nx-mt-1\">Funds often hold large shares of their own government's debt and domestic assets, by rule or preference. This ties fund balance sheets to the sovereign and the domestic economy that also supports the sponsor and the members.<\/p><\/div><\/div><\/div><\/div><\/section><section id=\"nx-sec-terms\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"split\" aria-labelledby=\"nx-s-6\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">05<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Key terms<\/span><\/div><h2 id=\"nx-s-6\" class=\"nx-section-title\">Terms used on this page.<\/h2><p class=\"nx-lede\">Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Term<\/th><th scope=\"col\">Definition<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Term\">Herding<\/td><td data-label=\"Definition\">Investors making similar decisions at the same time, amplifying price moves.<\/td><\/tr><tr><td data-label=\"Term\">Peer benchmarking<\/td><td data-label=\"Definition\">Judging a fund's performance against similar funds, which encourages similar allocations.<\/td><\/tr><tr><td data-label=\"Term\">Home bias<\/td><td data-label=\"Definition\">Holding a larger share of domestic assets than global market weights imply.<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><\/section><section id=\"nx-sec-indicators\" class=\"nx-section\" data-hue=\"social\" data-tone=\"alt\" aria-labelledby=\"nx-s-7\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">06<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Indicators<\/span><\/div><h2 id=\"nx-s-7\" class=\"nx-section-title\">What is measured, and how well.<\/h2><p class=\"nx-lede\">Each indicator carries its unit, its cadence, the kind of source behind it and the evidence label a value would carry. No values are shown: a programme supplies them under its own authority.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Indicator<\/th><th scope=\"col\">Unit<\/th><th scope=\"col\">Cadence<\/th><th scope=\"col\">Source type<\/th><th scope=\"col\">Label<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Indicator\">Share of domestic government bonds held by pension funds<\/td><td data-label=\"Unit\">percent of amount outstanding<\/td><td data-label=\"Cadence\">quarterly<\/td><td data-label=\"Source type\">Financial accounts and securities holdings statistics<\/td><td data-label=\"Label\"><span class=\"nx-chip\">OFFICIAL<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Share of assets with the largest external managers<\/td><td data-label=\"Unit\">percent of externally managed assets<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">Annual reports and manager disclosures<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Holdings overlap between funds<\/td><td data-label=\"Unit\">cosine similarity, dimensionless<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">Public holdings lists and regulatory filings<\/td><td data-label=\"Label\"><span class=\"nx-chip\">ESTIMATED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Allocation dispersion across peer funds<\/td><td data-label=\"Unit\">standard deviation of asset class weights, percentage points<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">Survey and annual report data<\/td><td data-label=\"Label\"><span class=\"nx-chip\">ESTIMATED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Derivative counterparty concentration<\/td><td data-label=\"Unit\">percent of notional with the largest counterparties<\/td><td data-label=\"Cadence\">quarterly<\/td><td data-label=\"Source type\">Fund disclosures and supervisory returns<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Shared private market managers across funds<\/td><td data-label=\"Unit\">count of general partners held in common<\/td><td data-label=\"Cadence\">annual<\/td><td data-label=\"Source type\">Annual reports and public commitment lists<\/td><td data-label=\"Label\"><span class=\"nx-chip\">ESTIMATED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Sector and regional concentration of holdings<\/td><td data-label=\"Unit\">Herfindahl-Hirschman index, dimensionless<\/td><td data-label=\"Cadence\">quarterly<\/td><td data-label=\"Source type\">Holdings data<\/td><td data-label=\"Label\"><span class=\"nx-chip\">ESTIMATED<\/span><\/td><\/tr><\/tbody><\/table><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"indicators\" data-nxf-kind=\"indicator\" data-nxf-resource=\"nexus:\/\/gra\/A08\/topics\/institutional-concentration\/#indicators\" data-nxf-title=\"Indicators\" data-nxf-height=\"520\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-sec-pipeline\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-8\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">07<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Canvas<\/span><\/div><h2 id=\"nx-s-8\" class=\"nx-section-title\">From sources to decisions.<\/h2><p class=\"nx-lede\">The topic as a computational graph: named sources feed the methods, an evidence review gates the outputs, and the decisions stay with the authorities that hold them.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-plate\" data-wide=\"true\"><div class=\"nx-plate-label\"><span class=\"nx-eyebrow\"><strong>Pipeline canvas<\/strong> \u00b7 Institutional concentration as a run graph<\/span><span class=\"nx-eyebrow\">Design, not a record<\/span><\/div><div class=\"nx-figure-frame\" data-scene=\"true\"><svg class=\"nx-figure nx-ui nx-dag\" viewBox=\"0 0 1200 564\" data-nx-dag=\"true\" data-w=\"1200\" data-h=\"564\" role=\"img\" aria-labelledby=\"nx-dag-a08-topics-institutional-concentration-al-t nx-dag-a08-topics-institutional-concentration-al-d\" data-nx-z=\"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\"><title id=\"nx-dag-a08-topics-institutional-concentration-al-t\">Institutional concentration: asset-liability management<\/title><desc id=\"nx-dag-a08-topics-institutional-concentration-al-d\">Liabilities are projected; a strategic asset allocation and risk budget are set; hedges and liquidity buckets cover collateral calls; stress tests check funding; rebalancing and stewardship follow. Design of the process, not a record of a run.<\/desc><\/svg><\/div><\/div><p class=\"nx-caption\"><strong>Fig. 02<\/strong><span>Nodes carry their type, two metric rows and a state; connectors show what feeds what; dashed frames name the owners; the timeline is the cadence. Design of the pipeline, not a record of a run.<\/span><\/p><\/div><\/div><\/section><section id=\"nx-sec-sources\" class=\"nx-section\" data-hue=\"social\" data-tone=\"alt\" data-variant=\"split\" aria-labelledby=\"nx-s-9\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">08<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Sources<\/span><\/div><h2 id=\"nx-s-9\" class=\"nx-section-title\">Where the evidence comes from.<\/h2><p class=\"nx-lede\">Named public datasets and institutional records, each with its licence class. Sources by agreement are used only under their terms and never republished.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Source<\/th><th scope=\"col\">What it gives<\/th><th scope=\"col\">Licence class<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Source\">Federal Reserve Financial Accounts of the United States<\/td><td data-label=\"What it gives\">Holdings of pension funds by instrument and sector, including government securities<\/td><td data-label=\"Licence class\">Public domain<\/td><\/tr><tr><td data-label=\"Source\">ECB securities holdings and pension fund statistics<\/td><td data-label=\"What it gives\">Euro area pension fund holdings by issuer sector and country<\/td><td data-label=\"Licence class\">Free reuse, attribution<\/td><\/tr><tr><td data-label=\"Source\">Thinking Ahead Institute Global Pension Assets Study<\/td><td data-label=\"What it gives\">Allocation trends and concentration of pension assets across markets<\/td><td data-label=\"Licence class\">Free to read, registration<\/td><\/tr><tr><td data-label=\"Source\">OECD Pension Markets in Focus<\/td><td data-label=\"What it gives\">Asset allocation of funded pension arrangements across jurisdictions<\/td><td data-label=\"Licence class\">Free reuse, attribution<\/td><\/tr><tr><td data-label=\"Source\">SEC Form 13F data sets<\/td><td data-label=\"What it gives\">Quarterly listed equity holdings of large US institutional managers<\/td><td data-label=\"Licence class\">Public domain<\/td><\/tr><tr><td data-label=\"Source\">Bank of England Financial Stability Reports<\/td><td data-label=\"What it gives\">Analysis of crowding and feedback in liability-driven investment and gilt markets<\/td><td data-label=\"Licence class\">Free to read, Bank of England terms<\/td><\/tr><tr><td data-label=\"Source\">Holdings lists published by large public funds<\/td><td data-label=\"What it gives\">Full or partial security-level holdings of sovereign and public pension funds<\/td><td data-label=\"Licence class\">Public records, terms per fund<\/td><\/tr><\/tbody><\/table><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"evidence\" data-nxf-kind=\"evidence\" data-nxf-resource=\"nexus:\/\/gra\/A08\/topics\/institutional-concentration\/#evidence\" data-nxf-title=\"Sources\" data-nxf-height=\"520\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-sec-decisions\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"split\" aria-labelledby=\"nx-s-10\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">09<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Decisions<\/span><\/div><h2 id=\"nx-s-10\" class=\"nx-section-title\">Who decides, and what the evidence serves.<\/h2><p class=\"nx-lede\">Institutional Funds Nexus prepares evidence. The decisions below are taken by the authorities named, under their own rules, and never by the platform.<\/p><\/div><div class=\"nx-section-body\" data-lv=\"ledger\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Who decides<\/th><th scope=\"col\">The question<\/th><th scope=\"col\">Evidence this page serves<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Who decides\">Investment committees and trustees<\/td><td data-label=\"The question\">Whether mandates, managers and counterparties add up to more concentration than intended<\/td><td data-label=\"Evidence this page serves\">Aggregated look-through exposure and counterparty concentration across mandates<\/td><\/tr><tr><td data-label=\"Who decides\">Pension regulators and treasuries<\/td><td data-label=\"The question\">Whether peer benchmarking rules or performance tests encourage herding<\/td><td data-label=\"Evidence this page serves\">Allocation dispersion before and after rule changes; design of comparison benchmarks<\/td><\/tr><tr><td data-label=\"Who decides\">Central banks and macroprudential authorities<\/td><td data-label=\"The question\">Whether common exposures create a channel for forced selling<\/td><td data-label=\"Evidence this page serves\">Holdings overlap, hedging concentration and stressed market depth<\/td><\/tr><tr><td data-label=\"Who decides\">Legislatures<\/td><td data-label=\"The question\">Whether domestic investment requirements or incentives concentrate fund exposure<\/td><td data-label=\"Evidence this page serves\">Home bias and sovereign holdings evidence against diversification objectives<\/td><\/tr><\/tbody><\/table><\/div><h3 class=\"nx-h4 nx-mt-4\">Outputs this topic produces<\/h3><ul class=\"nx-list\"><li>Maps of shared intermediaries, counterparties and managers across public fund disclosures<\/li><li>Common-seller scenarios for hedging and rebalancing under stress<\/li><li>Research notes on how peer benchmarking and performance tests shape allocation<\/li><li>Guides to measuring overlap from public holdings, with lags and gaps stated<\/li><\/ul><\/div><\/div><\/section><section id=\"nx-sec-core-questions\" class=\"nx-section\" data-hue=\"social\" data-tone=\"alt\" aria-labelledby=\"nx-s-11\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">10<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Core questions<\/span><\/div><h2 id=\"nx-s-11\" class=\"nx-section-title\">What experts ask.<\/h2><p class=\"nx-lede\">The questions look across portfolios, not within them.<\/p><\/div><div class=\"nx-section-body\"><ul class=\"nx-list\"><li>Which assets, sectors and regions are widely held across institutional funds?<\/li><li>How concentrated are service providers, such as managers, custodians and data providers?<\/li><li>Do funds use similar models, benchmarks and assumptions that lead them to act alike?<\/li><li>How would a shock to a common exposure propagate across the sector?<\/li><li>Where do sector-level concentrations differ from what any single fund can see?<\/li><\/ul><\/div><\/div><\/section><section id=\"nx-sec-mechanisms\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-12\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">11<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Mechanisms<\/span><\/div><h2 id=\"nx-s-12\" class=\"nx-section-title\">Mechanisms and drivers.<\/h2><\/div><div class=\"nx-section-body\"><p class=\"nx-p\">Common investment beliefs, benchmarks and regulatory incentives lead many funds to similar allocations. Index investing concentrates holdings in the largest listed companies. A small number of large managers and custodians serve a large share of the industry, creating operational dependencies.<\/p><p class=\"nx-p\">When similar funds face the same shock, their responses, such as rebalancing, de-risking or raising cash, can be synchronized, amplifying market moves. Concentration is a property of the system, visible only by aggregating across funds, which is why it is suited to precompetitive, sector-level research.<\/p><\/div><\/div><\/section><section id=\"nx-sec-methods-and-data\" class=\"nx-section\" data-hue=\"social\" data-tone=\"alt\" data-variant=\"split\" aria-labelledby=\"nx-s-13\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">12<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Methods and data<\/span><\/div><h2 id=\"nx-s-13\" class=\"nx-section-title\">How it is studied, and where the methods stop.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Method or data<\/th><th scope=\"col\">What it shows<\/th><th scope=\"col\">Limits<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Method or data\">Aggregated holdings analysis<\/td><td data-label=\"What it shows\">Common exposures across the sector<\/td><td data-label=\"Limits\">Depends on public or aggregated data; private holdings are opaque<\/td><\/tr><tr><td data-label=\"Method or data\">Network analysis of service providers<\/td><td data-label=\"What it shows\">Shared operational dependencies<\/td><td data-label=\"Limits\">Provider data may be incomplete<\/td><\/tr><tr><td data-label=\"Method or data\">Behavioural and herding analysis<\/td><td data-label=\"What it shows\">Synchronized responses to shocks<\/td><td data-label=\"Limits\">Hard to separate common signals from herding<\/td><\/tr><tr><td data-label=\"Method or data\">System-wide stress testing<\/td><td data-label=\"What it shows\">Propagation of shocks across funds<\/td><td data-label=\"Limits\">Requires assumptions about behaviour<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><\/section><section id=\"nx-sec-methods\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-14\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">13<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Methods<\/span><\/div><h2 id=\"nx-s-14\" class=\"nx-section-title\">How it is studied, and what the methods cannot say.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-methods\" data-limits=\"true\"><ol class=\"nx-mledger\" aria-label=\"Methods\"><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/stem\/financial-economics\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">01<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Financial economics and macro-finance<\/span><span class=\"nx-mledger-role\">Capital market assumptions \u00b7 Collateral and market feedback<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/science\/financial-economics\/\" aria-label=\"Financial economics and macro-finance: canonical page on the STEM Commons\" target=\"_blank\" rel=\"noopener\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/stem\/scenario-stress\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">02<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Scenario design and stress testing<\/span><span class=\"nx-mledger-role\">Supervisory pension stress test \u00b7 Reverse stress test of funding<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/mathematics\/scenario-stress\/\" aria-label=\"Scenario design and stress testing: canonical page on the STEM Commons\" target=\"_blank\" rel=\"noopener\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/stem\/decision-analysis\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">03<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Decision analysis under uncertainty<\/span><span class=\"nx-mledger-role\">Risk appetite and journey planning \u00b7 Robust strategic allocation<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/mathematics\/decision-analysis\/\" aria-label=\"Decision analysis under uncertainty: canonical page on the STEM Commons\" target=\"_blank\" rel=\"noopener\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><\/ol><aside class=\"nx-limits\" aria-label=\"What the methods cannot say\"><span class=\"nx-eyebrow\">What the methods cannot say<\/span><p class=\"nx-limits-text\">Public holdings data are partial, lagged and uneven across countries, and many funds disclose only at asset-class level. Overlap measures show a shared channel, not that funds will act together. Counterparty and manager concentration are often reported only in aggregate. Behaviour under stress depends on mandates and governance that public data rarely reveal. Institutional Funds Nexus gives no view on whether any fund is adequately diversified.<\/p><\/aside><\/div><\/div><\/div><\/section><section id=\"nx-s-15-sec\" class=\"nx-section\" data-hue=\"social\" data-tone=\"alt\" aria-labelledby=\"nx-s-15\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">14<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Questions<\/span><\/div><h2 id=\"nx-s-15\" class=\"nx-section-title\">Questions and answers.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-faq\"><details><summary>How can diversified funds be concentrated?<\/summary><div class=\"nx-answer\">Each may hold many assets, yet if they hold the same assets, managers and counterparties, they share exposure as a group and may sell together under stress.<\/div><\/details><details><summary>Why does peer benchmarking matter?<\/summary><div class=\"nx-answer\">When funds are compared against each other, departing from the peer average is risky for those who decide. Allocations converge, and a shared view can become a shared vulnerability.<\/div><\/details><details><summary>Is home bias always a risk?<\/summary><div class=\"nx-answer\">Not always. Domestic assets can match domestic liabilities and support policy goals, but concentration in the sponsor's economy links fund, sponsor and members to the same shocks.<\/div><\/details><details><summary>How can a sector be concentrated if each fund is diversified?<\/summary><div class=\"nx-answer\">Because diversification is measured fund by fund. If all funds diversify in the same way, they share the same exposures.<\/div><\/details><details><summary>Is competitively sensitive data used?<\/summary><div class=\"nx-answer\">No. Analysis uses public and aggregated data. Any future data from institutions is designed to be aggregated under GRA's written competition policy, which counsel reviews before membership opens.<\/div><\/details><details><summary>Does the platform recommend reducing particular holdings?<\/summary><div class=\"nx-answer\">No. GRA does not advise on investments.<\/div><\/details><\/div><\/div><\/div><\/section><section class=\"nx-section\" data-tone=\"alt\" aria-labelledby=\"nx-rel-16\"><div class=\"nx-container\"><span class=\"nx-eyebrow\">Related<\/span><h2 id=\"nx-rel-16\" class=\"nx-h3 nx-mt-2\">Around Institutional Funds Nexus.<\/h2><nav class=\"nx-related nx-mt-3\" aria-label=\"Related\"><a href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/pension-system-resilience\/\">Pension system resilience <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/long-term-risk\/\">Long-term risk <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/asset-liability-management\/\">Asset-liability management <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/liquidity-and-private-assets\/\">Liquidity and private assets <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/fiduciary-governance\/\">Fiduciary governance <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/stewardship-and-sustainability\/\">Stewardship and sustainability <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/\">Institutional Funds Nexus home <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/counterparts\/\">Counterparts across the Consortium <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/\">The Global Risks Alliance home <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/trust\/\">GRA governance and trust <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/nav><\/div><\/section><section class=\"nx-closing\" aria-labelledby=\"nx-close-17\"><div class=\"nx-container\"><span class=\"nx-eyebrow\">Institutional Funds Nexus<\/span><h2 id=\"nx-close-17\" class=\"nx-section-title\">Bring your expertise to this field.<\/h2><p class=\"nx-lede\">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.<\/p><div class=\"nx-actions\"><a class=\"nx-btn\" data-variant=\"primary\" href=\"mailto:contact@globalriskalliance.com?subject=Institutional%20Funds%20Nexus%3A%20Institutional%20concentration\">Write to the team <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a class=\"nx-btn\" data-variant=\"secondary\" href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/contact\/\">See all contact routes<\/a><\/div><\/div><\/section><\/div><\/div><script class=\"_iub_cs_skip\">window.__nxMount ? window.__nxMount(document.currentScript) : null;<\/script>\n\n\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"FAQPage\",\"@id\":\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/institutional-concentration\/#faq\",\"isPartOf\":{\"@id\":\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/institutional-concentration\/#webpage\"},\"inLanguage\":\"en\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How can diversified funds be concentrated?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Each may hold many assets, yet if they hold the same assets, managers and counterparties, they share exposure as a group and may sell together under stress.\"}},{\"@type\":\"Question\",\"name\":\"Why does peer benchmarking matter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"When funds are compared against each other, departing from the peer average is risky for those who decide. Allocations converge, and a shared view can become a shared vulnerability.\"}},{\"@type\":\"Question\",\"name\":\"Is home bias always a risk?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not always. Domestic assets can match domestic liabilities and support policy goals, but concentration in the sponsor's economy links fund, sponsor and members to the same shocks.\"}},{\"@type\":\"Question\",\"name\":\"How can a sector be concentrated if each fund is diversified?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Because diversification is measured fund by fund. If all funds diversify in the same way, they share the same exposures.\"}},{\"@type\":\"Question\",\"name\":\"Is competitively sensitive data used?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. Analysis uses public and aggregated data. Any future data from institutions is designed to be aggregated under GRA's written competition policy, which counsel reviews before membership opens.\"}},{\"@type\":\"Question\",\"name\":\"Does the platform recommend reducing particular holdings?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. GRA does not advise on investments.\"}}]},{\"@type\":\"DefinedTermSet\",\"@id\":\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/institutional-concentration\/#terms\",\"name\":\"Key terms: Institutional concentration\",\"inLanguage\":\"en\",\"isPartOf\":{\"@id\":\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/institutional-concentration\/#webpage\"},\"hasDefinedTerm\":[{\"@type\":\"DefinedTerm\",\"name\":\"Herding\",\"description\":\"Investors making similar decisions at the same time, amplifying price moves.\",\"inDefinedTermSet\":{\"@id\":\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/institutional-concentration\/#terms\"}},{\"@type\":\"DefinedTerm\",\"name\":\"Peer benchmarking\",\"description\":\"Judging a fund's performance against similar funds, which encourages similar allocations.\",\"inDefinedTermSet\":{\"@id\":\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/institutional-concentration\/#terms\"}},{\"@type\":\"DefinedTerm\",\"name\":\"Home bias\",\"description\":\"Holding a larger share of domestic assets than global market weights imply.\",\"inDefinedTermSet\":{\"@id\":\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/institutional-concentration\/#terms\"}}]}]}<\/script>\n\n<!-- nx-rev:a58cc4d190e15752 -->\n<!-- nx-path:\/topics\/institutional-concentration\/ -->","protected":false},"excerpt":{"rendered":"<p>LightDarkAuto A08 \u00b7 TOPIC \u00b7 institutional-concentrationGRA dossier \u00b7 service level R0 GRA\u00b7Institutional Funds Nexus\u00b7Established Topic dossier \u00b7 Institutional Funds Nexus Institutional concentration Each institutional fund may be diversified on its &hellip; <a href=\"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/topics\/institutional-concentration\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Institutional concentration&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1804,"menu_order":760,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_buddyx_sub_header_visibility":"","_buddyx_sub_header_title_visibility":"","_hide_show_side_panel":"","_buddyxpro_page_sidebar":"","_buddyxpro_page_disable_header":"","_buddyxpro_page_disable_footer":"","_buddyxpro_page_content_width":"","_buddyxpro_page_header_style":"","_buddyxpro_page_color_mode":"","_buddyxpro_page_loader":"","inline_featured_image":false,"footnotes":""},"class_list":["post-1823","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/wp-json\/wp\/v2\/pages\/1823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/wp-json\/wp\/v2\/comments?post=1823"}],"version-history":[{"count":1,"href":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/wp-json\/wp\/v2\/pages\/1823\/revisions"}],"predecessor-version":[{"id":1870,"href":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/wp-json\/wp\/v2\/pages\/1823\/revisions\/1870"}],"up":[{"embeddable":true,"href":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/wp-json\/wp\/v2\/pages\/1804"}],"wp:attachment":[{"href":"https:\/\/globalriskalliance.com\/institutional-funds-nexus\/wp-json\/wp\/v2\/media?parent=1823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}