For the world’s largest asset owners
December 29, 2023
Editor's Note

During the holiday week, please enjoy compilations of our work from throughout the year.  Today, we share the Top 10 stories of 2023.
The regular, daily CIO Alert will resume on January 3.
Find out more about CIO’s 2024 Special Coverage plans on our 2024 Editorial Calendar.

Texas Municipal Retirement System Hires New CIO From CalPERS

Yup Kim, CalPERS’ investment director of private equity, will join TMRS on January 15.

Texas Municipal Retirement System Hires New CIO From CalPERS
POPULAR STORIES
New Mexico’s Sovereign Wealth Fund Brings New CIO Home From Hawaii
Cleveland Clinic Names Timothy Compan Interim CIO
As Oil Prices Surge, Iran Conflict Cools Investors’ Taste for Emerging Markets
Asset Manager Consolidation Continues as Structural Shifts Reshape Industry
Private Credit Solved an Asset-Liability Mismatch—Then Recreated It
Lawmakers Clash Over Tokenization as Congress Weighs Regulations
Kraft Heinz Agrees to Settle Class Action Securities Lawsuit for $450 Million

Swedish pension fund AP7 was among the plaintiffs who alleged Kraft Heinz misled investors regarding a $15.4 billion goodwill charge.

Kraft Heinz Agrees to Settle Class Action Securities Lawsuit for $450 Million
Why Private Credit Is So Darn Popular

Yields are high, and well-fixed institutions back them, but what happens in a recession?

Why Private Credit Is So Darn Popular
A Crafty Way to Earn Returns From the Inverted Yield Curve

Some allocators and managers are doing this, expecting a price pop ahead and collecting nice interest payouts along the way.

A Crafty Way to Earn Returns From the Inverted Yield Curve
Offices Aren’t the Most Threatened Real Estate Sector—Apartments Are

Morningstar says multi-family’s finances are even more precarious.

Offices Aren’t the Most Threatened Real Estate Sector—Apartments Are
Supreme Court Hears Case That Could Invalidate Administrative Courts

The ruling, expected in June 2024, could have a wide-ranging impact.

Supreme Court Hears Case That Could Invalidate Administrative Courts
What Were the 10 Best Stocks in the Last 5 Years?

Not all of them are the FAANGs, like pharma firm Eli Lilly.

What Were the 10 Best Stocks in the Last 5 Years?
What Could Derail Private Credit’s Momentum?

The popular investment may suffer from an economic dip and other changes in the financial scene, critics warn.

What Could Derail Private Credit’s Momentum?
At Least 8 States Buy Israeli Bonds Totaling More Than $100M to Support War Against Hamas

Moody’s warns that a prolonged conflict could hurt the country’s credit rating.

At Least 8 States Buy Israeli Bonds Totaling More Than $100M to Support War Against Hamas
4 Ivy League Institutions Release Fiscal 2023 Endowment Results

Brown, Columbia, Dartmouth and Penn all improved their returns from 2022 but alternative investments dragged down returns. 

4 Ivy League Institutions Release Fiscal 2023 Endowment Results
Editorial: CIOeditors@issmediasolutions.com
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