CPPIB Chief Mark Machin Exits Amid Vaccine Uproar
The CEO of Canada’s largest pension fund traveled to the Middle East to get a shot. The plan’s credit head, John Graham, replaces him.
Asset Management Culture
New York City Comptroller: Ax Rule Forcing Private Equity to Pay Legal Bills
Mandate now forces PE operators to cover their own litigation tabs in disputes, instead of passing along the costs to NYC pension fund investors.
Canadian Pension to Invest C$5 Billion in Green, Social Bonds by 2025
British Columbia Investment Management also aims to cut carbon exposure of public equities by 30%.
Veteran Series: Mansco Perry—A Curious Mind
One of most highly regarded investment chiefs in public pensions, Perry continues to keep a cool head during turbulent times.
Raytheon Technologies to Launch Diverse Manager Program
Asset managers for the $110 billion corporate plans should start hiring with race, gender, and other considerations in mind, CIO Robin Diamonte says.
Op-Ed: Investors Have More to Do If They Really Want to Help Address Systemic Racism
Capital allocators must understand the importance of supporting positive change that benefits their stakeholders and society at large, sustainable investing experts argue.
Carlos Rangel Tapped as CIO of W.K. Kellogg Foundation
He replaces Joel Wittenberg, who has retired after 11 years with the organization.
Global Foreign Direct Investment Plummets 42% in 2020
Developed nations were hit the hardest, with FDI tumbling 69% from 2019.
Leon Black: A Career-Making 1990 Call and a Career-Ending One in the 2010s
He owes Apollo’s boffo start to the killing he made on an insurer’s then-skanky high-yield bonds. Then came Epstein.
Breaking News from Davos: China’s Xi Calls for Multilateralism in Keynote Speech
Chinese leader says there is a need to balance COVID-19 responses with economic development.
Veteran Series: Chris Ailman—‘A World Class Asset Manager’
Two decades into his tenure, the investment chief continues to lead US public pension funds into the future.
Ontario Teachers’, Ares Buy Packaging Company
The investors will take a majority stake in TricorBraun after it reported ‘record sales’ in 2020.
Rebound for AUMs among Top 10 Hedge Fund Trends
Consultants Agecroft Partners say that a turnaround in overall hedgie results is bringing a brighter picture.
The Rebound Play: Brazilian Asset Manager Vinci to Go Public in the US
The firm, whose current investors include LACERA and the Rhode Island pension plan, believes the economically stricken South American nation is prepared for a turnaround.
CalPERS Not Ready to Pick CIO
Several finalists have been interviewed for the top spot, but an expected January decision has been delayed.