Hawaii ERS Misses Benchmark, Target Rate With 2.6% Return in Fiscal 2023
The pension fund increased its asset value to nearly $22.3 billion for the year that ended June 30.
News
Canada Pension Plan Promotes Manroop Jhooty to Head of Total Fund Management
Jhooty will lead the team responsible for implementing the C$575 billion pension fund’s investment framework.
Infrastructure Fund Adviser Penalized $1.6M by SEC for Fee, Conflict Violations
The firm allegedly failed to disclose conflicts of interest and loans between funds it was advising and managing.
Rockefeller Foundation Commits More Than $1B Over 5 Years to Climate Transition
The philanthropic organization announced the strategy is unprecedented in the foundation’s 110-year history.
Printer’s Pension Receives $20.6M From PBGC
The plan was projected to become insolvent next year, when it would have had to cut benefits nearly in half.
iM Global Partner Promotes Jack Chee to CIO of US Asset Management
Chee was previously head of fixed-income strategies.
New York Common Pension Fund Looking to Hire Senior Investment Officer
The position will report to the director of emerging managers, while the pension giant is also seeking an assistant counsel for investments.
European Central Bank Warns Green Transition Needs to Quicken
The bank’s second climate stress test showed ‘there is a clear need for speed’ to meet the goals of the Paris agreement.
Alberta Threatens Breakaway From Canada Pension Plan
Provincial leaders want more independence from the federal government and commissioned a report to study potential financial terms of a separate fund.
Tomas Arlia Joins Fintech Startup Arta Finance as CIO
The platform aims to provide alternative investments for retail investors.
Ontario Teachers’ Pension Plan CIO Ziad Hindo to Step Down at Year’s End
The C$249.8 billion pension fund has named Stephen McLennan acting head of investments.
New Jersey Police, Fire Pension Seeks CIO, Plans to ‘Dramatically’ Expand Staff
The $31 billion pension fund has also issued an RFP for a custodial services provider.
SEC Tightens Fund Naming Rules
The new rule applies an 80% investment policy that extends far wider than just ESG funds.
David Okamoto Appointed CIO of Hawaii Health Benefits Fund
The 2023 NextGen honoree moves from the Hawaii Employee Retirement System.
Illinois Police Fund Announces Search for Active Bank Loan Strategy Managers
The IPOPIF wants to add exposure to the bank loan strategy asset class.