CalPERS Reports Preliminary Return of 21.3% for 2020-21
The strong performance triggers a reduction in the assumed rate of return to 6.8%.
Asset Allocation
GIC Invests $1 Billion into Grifols’ Plasma Business
The funding buys the Singapore sovereign wealth fund a minority stake in the health care firm.
Transamerica Settles 401(k) Lawsuit for $5.4 Million
The complaint alleged the insurance giant saddled its plan portfolio with proprietary duds.
NY Pension Giant Earmarks $3 Billion for Multi-Asset Strategic Deals
The New York State Common Retirement Fund allocated a total of $4 billion during April alone.
Ontario Teachers’ Goes on Spending Spree in Education, Food, Workforce Technologies
The allocator led a series of funding rounds into ApplyBoard, Motif FoodWorks, and Beamery.
New 401(K) Plan Platform Offers Cryptocurrency Investments
ForUsAll’s Alt 401(k) platform allows participants to invest in more than 50 cryptocurrencies.
GIC and Equinix to Pump Extra $3.9 Billion into Data Centers
When completed, the global portfolio will be valued at more than $6.9 billion and will service the world’s top cloud service providers.
Greater Breadth Will Pull Stocks Out of Sideways Pattern, Stovall Says
As the tech stars dim, other sectors are charging upward, thus triggering the next breakout, CFRA sage declares.
Korean Asset Managers Earn Record Profits in Q1
The country’s 328 firms saw an aggregate 424.7% increase in income from a year earlier.
Dutch Pension Giant ABP Commits to Net-Zero Initiative
The UK’s National Trust and the Church of Sweden are among other investors to adopt the Net Zero Investment framework.
CIOs Favor Growth Stocks, Shun Bitcoin, Goldman Sachs Survey Finds
Investment chiefs also said they were bullish on China A shares and expect inflation to peak in the first half of 2022.
Norway’s Sovereign Wealth Fund Excludes 3 Firms for Rights Violations
Shapir Engineering and Industry, Mivne Real Estate, and Honeys Holdings were deemed an ‘unacceptable risk.’
Locus Raises $50 Million in Funding Round Led by GIC
The supply chain and machine learning company is looking to cut costs in the growing warehouse and logistics sector.
CPPIB, Phoenix Mills to Develop Retail Center in India
The mall is set to attract a growing consumer base in the affluent Alipore, Kolkata, neighborhood.
Payments Startup SpotOn Gets Funding from Mubadala, Others
The firm is the latest in a series of growth sector bets the sovereign wealth fund has been making.