Bruno Bonizzi
@bbonizzi.bsky.social
1.5K followers 660 following 56 posts
Born in Milan, lives in London. Macro-finance: Pension funds, emerging economies, capital flows and financialisation.
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bbonizzi.bsky.social
Very interesting article.

Really shows that any talk of pension funds funding a just transition (and other nice things) means by-passing the large asset managers. For most people contributing to individual pension pots, this may not even be a possibility.
kprodani.bsky.social
🚨New article🚨 Why has the promise of universal ownership been broken, as @benbraun.bsky.social has suggested?

Our argument: because the Big Three are hardly universal. They mainly invest in those that can insulate themselves from environmental harm - big tech & financials in the Global North.
🧵
Reposted by Bruno Bonizzi
ingarade.bsky.social
We are organising a small lecture series at CITYPERC this semester on "Financial Futures: Tech, Green Transitions, China and the Global South" with four brilliant speakers: @nataschavanderzwan.bsky.social, @johannespetry.bsky.social, David Kampmann and @bbonizzi.bsky.social
Reposted by Bruno Bonizzi
anninak.bsky.social
It's an incredible honour to receive this prize for policy relevant economic research. Big thanks go to my collaborators and co-thinkers on this exciting journey @bbonizzi.bsky.social @powelljr.bsky.social @iliasalami.bsky.social @ingridhk.bsky.social @kaikodden.bsky.social @cacrisalves.bsky.social
renner-institut.at
Es freut uns, die Preisträger:innen des Kurt-Rothschild-Preises 2025 vorstellen zu dürfen!
Der Hauptpreis 2025 geht an Annina Kaltenbrunner @anninak.bsky.social für ihr Arbeiten zu „International Financial Subordination (Internationale finanzielle Unterordnung)“. @universityofleeds.bsky.social
bbonizzi.bsky.social
If it just focuses on individual incentives and characteristics and tries to fix it with further nudging, it won't fix the fundamental problem that most private sector workers in this country are not really building pensions, but a poorly funded individual savings account.
bbonizzi.bsky.social
"It will examine the pension system as a whole and look at what is required to build a future-proof pensions system that is strong, fair and sustainable."

Good. But need to look at 1) labour markets inequalities 2) the inadequacy of DC Vs DB pensions and 3) employers contribute too little.
bbonizzi.bsky.social
Less goth but the nerdy bit is I guess needed for academics...
bbonizzi.bsky.social
Very good piece by @craigpberry.bsky.social on the pensions review. Scale is fine, but financial system structure is a bigger issue. Forcing pension funds into PE is not the best way to promote growth in the UK.

Resonates with the work we did with @redjen.bsky.social and @sahildutta.bsky.social
cmmonwealth.bsky.social
The Pensions Review is a great opportunity to boost the UK economy & help savers — but it's being missed.

The state must use its fiscal might to enable better outcomes for both the economy & the public, while policymakers must be innovative & take risks.

www.common-wealth.org/publications...
To Unlock Pension Funds, We Need to Unlock the Pensions Review | Briefing | Common Wealth
www.common-wealth.org
bbonizzi.bsky.social
Where "woke" simply means any sort of ESG (which is a limited form of sustainability anyway...).
bbonizzi.bsky.social
Hard to qualify this as "historic" though... just an oderly retreat to minimise losses on a minor scale.
bbonizzi.bsky.social
Weak gaslighting effort with poor timing: this year bills are rising by 40% on average.
bbonizzi.bsky.social
Blair's opportunism is not tactical it's his essence.
redjen.bsky.social
Blah blah carbon capture blah blah AI. Embarrassing
rentouljohn.bsky.social
It’s time to reset our failing climate policies, says Tony Blair www.independent.co.uk/news/uk/poli...
bbonizzi.bsky.social
Maybe a bit of respite for UK HE's gloomy environment...?
sanderwagner.bsky.social
US applications to UK universities are up 25% over the last year. (this is slightly weaker than the increase we see in US to Europe researcher job applications and the drop in Europe to US researcher job applications)

www.ft.com/content/ebb2...
American students turn to UK as Trump takes aim at US universities
Searches for British courses surge following US president’s assault on Ivy League institutions, data shows
www.ft.com
bbonizzi.bsky.social
You can still register!
bbonizzi.bsky.social
Happening on Monday

👇
anninak.bsky.social
1/2: The launch event of the final report of our project ‘Enhancing MDB Capacity through Local Currency Financing’ is taking place this Monday, 28 April, 1-2pm. The report explores the potential for local currency financing by multilateral development banks. You can register here: 🔗 lnkd.in/dZ7gm7nf
LinkedIn
This link will take you to a page that’s not on LinkedIn
lnkd.in
bbonizzi.bsky.social
💯

(Especially if you make it an individual responsibility)
adriennebuller.bsky.social
As the chaos continues, it's good to keep hammering this point: tethering the foundations of a decent life to financial markets is a terrible system.

@sahildutta.bsky.social @bbonizzi.bsky.social @redjen.bsky.social explored this for @cmmonwealth.bsky.social

www.common-wealth.org/publications...
bbonizzi.bsky.social
Our report is finally officially out!

It deals with how MDBs can help with sustainable forms of finance, i.e. by lending in the local currency of recepient borrowers in developing countries.

Summary 👇
kpatricio.bsky.social
1/ After 18 months of work—and with some delay in the public launch—we are pleased to share the Final Report of our project Enhancing MDBs’ Capacity through Local Currency Financing, supported by the MDB Challenge Fund. 🧵
Report cover
bbonizzi.bsky.social
Or dubious quality think-tanks like Labour together
bbonizzi.bsky.social
UK minister in ‘active discussions’ with pension funds to invest more in private markets - on.ft.com/4bLiJsv via @FT

Given how PE is doing this encouragement is basically offering an escape route to other investors, at the pension scheme members' expense.
UK minister in ‘active discussions’ with pension funds to invest more in private markets
Torsten Bell says government is ‘encouraging, not instigating’ investment in wider range of assets
on.ft.com
bbonizzi.bsky.social
Three positives of Trump:

1) UK can get closer to the EU without provoking Brexit betrayal narratives.
2) Germany doing public spending
3) Private Equity funds going down
peark.es
PE stocks continue to get crushed
table showing YTD 1m and 1d perf for KKR BX ARES CG OWL APO TPG
bbonizzi.bsky.social
Communication/GPS availability..?
Reposted by Bruno Bonizzi
zoejardiniere.bsky.social
This is the most dangerous, irresponsible framing imaginable. Not to mention it is bollocks.

The big big winners from positioning Ukrainian security against poor British people & our public services are the far right.
TAX THE RICH TO PAY FOR DEFENSE. PROTECT OUR WELFARE STATE.
bbonizzi.bsky.social
Not sure if trump and musk care about manufacturing as much, but sure that's the grievance of many of their voters.