Newsmakers
Monte Tarbox Named Permanent CIO of $316B NYC Retirement System
Tarbox had served in an interim role since January, following the departure of CIO Stephen Meier.
News Archive: Mar - 2026
Market Moves
World’s Largest Sovereign Wealth Fund Embeds AI Into Portfolio Management
Norway’s $2.1 trillion Government Pension Fund Global is using large language models to screen all of its investments.
Asset Allocation
La Caisse Continues to Boost Renewable Investments, Doubles Stake in Boralex
The Canadian pension giant now owns 30% of the renewable energy firm, with Brookfield acquiring the remaining 70%.
Newsmakers
AlTi Global Names CIO Nancy Curtin as Interim CEO
The $93 billion multi-family office is planning a leadership transition in which CEO Michael Tiedemann will step back into an advisory role.
Newsmakers
IBM Promotes Veeneman, Leonard, Adams to CIO Positions
Veeneman will oversee $20 billion worth of company funds.
Asset Allocation
Shifting World Order Forces Re-Evaluation of Portfolio Construction
Investors are adapting to repeated geopolitical disruption, even as economists caution against overreacting to short-term changes.
Technology
How Does Institutional Governance Change in the Age of Artificial Intelligence?
The jump ‘from Excel to AI’ will complicate the investment processes of asset allocators at institutional investors of all kinds.
Opinion
Artificial Intelligence: 2 Sides of the Same Allocation Coin
The increased agility available in public markets might provide more value than the higher-return expectations in private markets.
Regulation
FINRA Enforcement Cases Fell in 2025, While Settlement Volume Rose
One case against Robinhood was responsible for year-over-year gains in settlements.
Asset Allocation
Journal of Investment Management Recognizes 2025’s Best Papers
Among other awards, the Harry M. Markowitz Award was presented to Thomas M. Idzorek, Paul Kaplan and Roger Ibbotson for their paper on the popularity asset pricing model.
Corporate Moves
Asset Manager Consolidation Continues as Structural Shifts Reshape Industry
Fee compression, declines in fundraising, and shifting limited partner priorities are driving the spree of mergers and acquisitions.
Opinion
Private Credit Solved an Asset-Liability Mismatch—Then Recreated It
The structure of retail private-credit offerings allowed investors to participate in the asset class’ yield premium without fully bearing its illiquidity cost, writes the CIO of Gramercy Funds Management.
Regulation
Lawmakers Clash Over Tokenization as Congress Weighs Regulations
Wednesday’s hearing came as the Clarity Act has hit a snag in the Senate.
Newsmakers
New Mexico’s Sovereign Wealth Fund Brings New CIO Home From Hawaii
Kristin Varela returns to her native state to lead investments for the New Mexico State Investment Council after more than three years at Hawaii ERS.
Newsmakers
Federal Retirement Thrift Investment Board Promotes Mike Jerue to CIO
Jerue succeeds Sean McCaffrey, who retired in February after more than 10 years at the agency.