Pensions
South Korea’s NPS Returns 0.87% in 1st Quarter
Assets of the pension system rose to $888 billion.
News Archive: May - 2025
Newsmakers
Jonathan Grushkin Named CIO of Sanford Health
The organization’s inaugural investment head moves from the Cleveland Clinic investment office, which regularly produces future CIOs.
Pensions
How to Evaluate the Options for a Corporate Pension Plan in Surplus
Capital Group’s Colyar Pridgen points out efficient ways to utilize a pension surplus.
Pensions
UK Treasury Provides Guidance on Local Pension Consolidation
The Pension Investment Review aims to consolidate smaller public pension and multiemployer defined contribution pension schemes into ‘megafunds’ to emulate Australian and Canadian investing models.
Newsmakers
Chubb Promotes CIO Tim Boroughs to Head of Asset Management
The insurance company also promoted Deputy CIO Chris Hogan to succeed Boroughs as CIO.
Newsmakers
Strategic Investment Group Names New Heads of Investment, Private Markets
Brendan Burke will lead the investment team, while Kevin Killeavy will oversee private markets.
Pensions
2nd Circuit Vacates PBGC’s Denial of SFA Funds for NYC Pension
The Pension Benefit Guaranty Corporation had argued that the pension was not entitled to funds because it had already been terminated.
Manager Selection
NYC Pensions Sell $5B in Private Equity Secondaries to Blackstone
The sale received interest from more than 80 potential bidders.
DOJ, FTC Side Against Largest Asset Managers in ESG-Related Coal Suit
BlackRock, State Street and Vanguard are accused of suppressing prices in the coal market, and the DOJ has weighed in.
Opinion
The Market Is Not Melting Down—It’s Moving Forward
How the concept of punctuated equilibrium, borrowed from scientific reviews, can help explain volatility and reduce investor anxiety.
Newsmakers
CalPERS Seeks Capital Markets Deputy CIO
The individual will oversee the California pension’s publicly listed investments and will succeed Dan Bienvenue.
Corporate Moves
Mercer, Mizuho Will Partner on OCIO Offerings in Japan
Under the bank’s Asset Management One subsidiary, the duo will offer outsourced CIO services to institutional clients.
Corporate Moves
Insurance AUM Has Tripled in Past Decade, Reaching $4.5T Last Year
Insurers are increasingly allocating to alternative investments, with private asset AUM growing to $800 billion from $50 billion since 2015, according to a report from Clearwater Analytics.
Asset Allocation
HESTA Dumps Mining Company Mineral Resources Stake due to Governance, Ethics Concerns
The $58 billion Australian superannuation fund also placed WiseTech on its watch list following four board resignations.
Newsmakers
Spider Management Names Karen Horn Welch as CIO
The university-owned investment office oversees the $3.2 billion University of Richmond endowment.