David Swensen, Yale’s Iconic Endowment Chief, Dies at 67
He pioneered the push into alternative assets, now popular among institutional investors.
Asset Management Culture
Utah Endowment Considers Realignment Toward Sustainability
University’s Academic Senate approves recommendations to shift portfolio to ‘positive sustainability investments.’
Union Demands CPPIB Ditch Brazil Water Privatization Involvement
The acquisition and privatization of a Brazil public water firm are socially harmful and economically risky moves, says CUPE.
Russell Investments Commits to Carbon-Neutral Portfolios by 2050
Outsourced CIO provider with $326.9 billion in AUM joins Net Zero Asset Managers Initiative.
Stone Point, GIC to Acquire Recordkeeper Ascensus
Investors are betting on ‘further growth’ in the financial technology firm that should benefit from aging societies.
Kentucky Public Pensions Authority Names Board Members
Only a few remaining vacancies remain for trustees of the state’s restructured pension systems.
Church Commissioners to Reduce Carbon Emissions by 25% by 2025
The fund said it will achieve this mainly through its public equities and real estate portfolios.
Part 2: Q&A with Shundrawn Thomas: Effective Mentoring
The president of Northern Trust Asset Management discusses creating productive mentoring relationships to advance racial and gender diversity.
Emerging Markets Look Poised for a Good 2021, Says Lazard
Rising interest rates this winter spooked EM stocks, which still significantly lag behind others.
Tufts Names Craig Smith as Next CIO
The investing veteran has been interim chief since Sally Dungan’s death a year ago.
Willis Towers Watson to Halve Carbon Emissions in OCIO Portfolios by 2030
Clients in the $166 billion discretionary business will see the firm incorporate climate-related opportunities and risks, it said.
Lisa Howie Tapped as Smith College’s First CIO
Howie leaves Yale University after 12 years to lead the $2 billion women’s college endowment.
Norway Pension Giant Asked to Shed 25% to 30% of Companies from Index
Finance Ministry calls for the Government Pension Fund Global to drop up to 2,200 equity investments.
MBS Wants Saudi Arabia Fund to Reach $2 Trillion in Assets
The crown prince’s ambitious plan for the Public Investment Fund would change the kingdom’s dependence on oil while creating the world’s largest pool of institutional money, but questions remain.
More Investors Are Allocating to Emerging Alternatives Managers
The lack of in-person meetings did not dampen interest in smaller firms, which are putting themselves out there through Zoom.