Norges Bank Reports Early Signs of Success in 1st Year of Climate Action Plan
A growing number of portfolio companies held by Norway’s $1.5 trillion sovereign wealth fund are adopting net-zero targets.
Asset Allocation
Move Over, Magnificent 7, as Other Stocks Rise to Glory
Prosaic financials and industrials perform like tech hotshots, Truist notes.
US College Endowments Gained 7.7% in Fiscal 2023, but Suffered From Weak Alternatives Returns
Equities drove gains, while alternative returns were mostly flat.
Bonds Should Climb Nicely in 2024, WTW Predicts
Dropping central bank rates will help a lot, with the 10-year Treasury total return rising as much as 13%, the firm contends.
NY State Pension Returns 6.2% in Fiscal Q3, Cashes Out Another Public Equity Fund
The $260 billion pension giant also said it will divest and restrict investments in Exxon Mobil and seven other oil-and-gas companies
MassPRIM Adopts New Asset Allocation
The Bay State’s investment management board seeks to achieve a 7% annualized rate of return while accepting no greater than a 20% drawdown.
3 Stock Sectors, All Tech, Expected to Soar in 2024
Why biotech, AI and cybersecurity should romp, per State Street.
Family Offices Plan to Increase Alts Allocations
CIOs plan to add exposure to private equity, credit and infrastructure and funding by selling cash and equities, according to KKR’s 2023 family capital survey.
Hotel Investing Remains Cheap as Sector’s Recovery Continues, per Expert
Morgan Stanley’s Bluhm notes that lodging deal activity is picking up amid lowering rates.
BlackRock’s Fink Strikes Truce With Texas
After the Lone Star State blacklisted the asset manager over a fossil fuels issue, the firm’s ESG-minded CEO offers big bucks to improve the state's power grid.
CalSTRS, HESTA Invest in Generate Capital’s Sustainable Infrastructure Platform
The institutional investors join AustralianSuper, among others, in the latest capital raise, which brought in $1.5 billion.
U.S. Large-Cap Equities Drive Mass PRIM’s 11.4% Return in 2023
The Massachusetts state pension fund fell just short of its benchmark, as its asset value grew to more than $100 billion.
What Monetary Policy Means for Portfolio Returns
Public pension allocators talked Fed predictions, portfolio strategies and uncorrelated assets in a webinar hosted by CIO.
Energy Transition and the Global South
The World Economic Forum seeks to accelerate clean energy investment and opportunities in emerging markets; sees need for up to $2.8 trillion by 2030s.
Japanese Pension Giant Rebounds in Fiscal Q3
The Government Pension Investment Fund’s investments returned 2.62% during the quarter that ended in December 2023, raising its asset value to more than $1.5 trillion.