Top Investors Bid on Major Australian Motorway
Transurban, AustralianSuper, the Canada Pension Plan Investment Board, and the Abu Dhabi Investment Authority launch consortium for acquisition.
Asset Allocation
Pennsylvania SERS Approves $675 Million in New Investments
System has approved nearly $1.8 billion in investments since September.
CPPIB, Longfor Properties to Create Mixed-Use China Real Estate Projects
Shanghai, Chengdu developments to provide residential, commercial use.
PPGM Considers Increasing Disaster Insurance Exposure
Dutch fund’s ILS class experienced 7% annual returns, senior investment manager reveals.
Northern Trust to Acquire Technology, Software Development Services from Citadel
The agreement allows for deeper collaboration between developers.
AIG Nabs Validus for $5.6 Billion
Deal expected to close mid-2018.
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.