AIG Nabs Validus for $5.6 Billion
Deal expected to close mid-2018.
Asset Allocation
Mercer Buys Japan’s BFC Asset Management
US consulting firm’s acquisition marks expansion in the Japanese investment management realm.
San Francisco to Increase Investment in VBA
Investment may increase by $200 million.
Norway Pension Fund Drops Nine Companies
Human rights violations and involvement in nuclear weapons production among reasons for exclusion.
UK Pension De-Risking Expected to Rise Sharply in 2018
Report finds improving funded levels are making de-risking moves more affordable.
Chinese Provinces Consider Entrusted Pension Investment
Nine provinces have transferred a total of $66 billion to the national pension fund.
UK Pension Industry Executes Rapid-Fire Stock Sale
De-risking measures prep for possible market shock.
Norway’s SWF Inches Toward Private Equity Clearance
Ministry of Finance to present decision-making assessment this spring.
Britt Harris, UTIMCO Nab Harvard’s Head of PE
Rich Hall, who left Texas Teachers’ for Harvard, returns to Texas to join UTIMCO as deputy CIO. Harris says, "There are no near term plans to alter the endowment’s basic asset allocation at this time."
Episcopal Pension Invests in Socially Responsible Fund
Church Pension Fund contributes to $75 million clean technology fund.
Aon Completes Townsend Acquisition
Worldwide assets grow to $130 billion.
Conning Acquires 45% Stake in Global Evolution
Founders to retain CEO, CIO positions.
Cuomo Calls on Common Retirement Fund to Cease Fossil Fuel Investments
New York governor will partner with Comptroller DiNapoli to form fund advisory committee.
Canadian Pension Plan Invests in Brazilian Power
Investment manager forms joint venture with Votorantim Energia.
CalPERS Updates Portfolio Allocation After Vote
Fixed-income allocation increases to 28% in new portfolio.