Slow Jobs Recovery to Impact Some State Credit Ratings
Hawaii recently saw a Fitch downgrade to AA, thanks to continued employment losses in the leisure sector.
Asset Allocation
Stanford, Princeton Endowments Return 5.6% Each in 2020
The New Jersey school ends the year among the bottom half of Ivy League endowments.
Institutional Investors Press CEOs to Disclose Climate Lobbying Practices
Group says companies will be held accountable for not aligning with the goals of the Paris Agreement.
Ontario Teachers’, PE Firm to Acquire Allworth Financial Stake
The $155.3 billion Canadian pension fund and Lightyear Capital bought the stake in the firm from Parthenon Capital.
Pennsylvania PSERS Freezes Apollo Global Investments over Epstein Ties
State teachers’ pension fund has more than $900 million invested with Apollo.
Endowment Index Returns Over 5% in Q3
China equities, timber, and private agriculture investments bolster robust quarterly gains.
Abu Dhabi Pension Fund and ADQ to Invest $2.1 Billion in Gas Pipelines
The state investors have taken a 20% stake in the energy firm.
Norway Pension Giant Rebounds in Q3 From Heavy First-Half Losses
The $1.15 trillion fund returns 4.3% during the quarter after losing $21 billion in the first half.
CDPQ Expands into Renewable Energy Infrastructure in Spain
The Canadian pension plan continues its growth in sustainable investments around the globe.
GIC Leads $100 Million Funding into India’s Fintech Razorpay
The Bangalore-based startup joined the unicorn club with a valuation just north of $1 billion.
CPPIB Sells 50% Stake in London’s Nova Victoria to Singapore-Based REIT
The transaction is expected to yield $549 million when the deal closes later this year, the fund said.
New York State Pension Expands into Real Estate, Absolute Return
Commercial real estate in the Nordic region, suburban garden style apartments in the US are among the $565 million in bets the pension fund placed in August.
Cambridge University to Divest from Fossil Fuels by 2030
University also vowed to reduce its greenhouse gas emission to zero by 2038.
CalSTRS Allocates $1 Billion to Direct Lending Firm Owl Rock Capital
The mandate includes opportunistic credit and diversified lending strategies.
CPPIB Continues to Bulk Up on Renewable Energy
Canadian pension giant invests twice as much in renewable energy in 2020 as it did in 2019.