Just Minor Adjustments to Portfolio Are the Smartest Move, 3 Key CIOs Say
A trio of investment chiefs overseeing a half-trillion dollars are preparing their funds for low interest rates without drastically overhauling portfolios.
Asset Allocation
Texas, MIT Endowments See Strong Gains; Illinois, Missouri Post Weak Returns
Texas, MIT return 9.5% and 8.3%, respectively, while Illinois loses 2.5% and Missouri gains 1.15%.
GIC Leads $500 Million Funding into Consumer Credit Unicorn Affirm
The Singapore sovereign wealth fund previously invested in the fintech startup from PayPal co-founder Max Levchin.
CDPQ Leads $185 Million Funding into AppDirect
The fast-growing online subscription commerce platform will use the Canadian pension giant’s capital to expand overseas.
North Carolina State Pension Hits Record $108.5 Billion Market Value
The fund’s portfolio has added nearly $15 billion in value since markets tumbled in March.
Sustainable Water Fund Attracts $100 Million from Temasek, Microsoft
Clean technology firm Emerald Technology Ventures will invest in early- to expansion-stage businesses that address global water challenges.
AFL-CIO HIT to Invest $1 Billion in Bay Area Rental Housing
Funding will go toward 4,000 units that will be listed as market-rate, workforce, and affordable in one of the nation’s most costly housing markets.
Ontario Teachers’ Pension Invests $350 Million in Indian Private Credit
The fund is teaming up with Indian private debt manager Edelweiss Group.
CPPIB Reinvests $235 Million into Japanese Warehouses
Canada’s largest pension fund and longtime partner, global asset manager GLP, continue expansion into the Asian nation’s real estate.
Norway Pension Giant Drops Three Companies over Alleged Human Rights Violations
The $1.17 trillion fund also placed PetroChina on watch for three years over ‘gross corruption.’
Ohio Police & Fire Pension Approves 5% Gold Allocation, Earns 9.21% in Q2
The $15.65 billion fund is looking to the precious metal to help with diversification and as an inflation hedge.
Canada’s BCI and Others Invest $3.4 Billion in Indian Telecom Tower Venture
The Canadian institutional investor acquired a portfolio of 175,000 cell towers in the world’s second largest telecommunications market.
Abu Dhabi’s Mubadala, PE Firm Kohlberg Take Over US Pharma Firm
The Philadelphia-based PCI Pharma Services is looking to expand operations in Asia and greater Europe.
CalPERS Sells Apple Stock, Invests in Microchips, Pharmaceuticals, Cannabis
The iPhone maker has enjoyed a large rally, but an ongoing trade war with China and the possibility of increasing regulation after a November election have dampened investor enthusiasm.
Gold-Hater Buffett Joins Rush into Precious Metal
An odd choice for the inveterate value investor, who just bought a hot stock in a miner of the glittering substance.