J.C. Penney Completes Pension Liabilities Transfer to PBGC
The long-beleaguered American retailer is offloading its obligations as part of a sale to mall operators Brookfield and Simon Property.
Asset Management Culture
Ivy League Endowments Underperform 60-40 Portfolio Again
Average university returns fall short of a passive portfolio over one- and 10-year periods.
New CalPERS CIO Could See $2.4 Million Payout
That compensation is tied to five-year goals as part of an effort to reduce turnover at the largest public pension in the US.
University Endowments Urged to Hold on to Private Commitments
For allocators, keeping a long-term investment horizon in the face of immediate challenges is key, NEPC says.
Harvard Endowment CEO Goes from ‘Not Pleased’ to ‘Proud’
Three years into his five-year transition plan, Narv Narvekar says the ‘signs are encouraging.’
Yale’s Swensen to Asset Managers: Hire More Women and Minorities
The decision to track investment firms’ progress would have a ‘seismic’ shift in the industry.
Loomis Sayles CIO to Retire in March
Jae Park, who will retire after 19 years at the firm, will be succeeded by David Waldman.
New Mexico Teachers’ Pension to Divest from Private Prisons
The $12.75 billion fund has been under pressure to sell stakes in CoreCivic and the GEO Group.
OMERS to Sell Detroit River Rail Tunnel Stake for $312 Million to Canadian Pacific
The pension fund has been invested in the transnational transport system for nearly two decades.
Former FEG Chief Executive Scott Harsh Takes Consulting Job at NEPC
He’s coming out of retirement to help the firm expand its presence in the Southeast and Midwest.
Australia’s IFM Investors Targets Net Zero Goal by 2050
The $114.6 billion fund joins a growing list of pensions and endowments aligning with the Paris Agreement target.
Penn, Cornell Lag Behind Other Ivy League Endowments
The Pennsylvania and New York schools returned 3.4% and 1.9%, respectively, in 2020.
Harvard Spins Off Natural Resources Team
Solum Partners will be led by former Harvard Management Company division chief Colin Butterfield.
Singapore’s Temasek Launches $55 Billion Asset Management Group
Seviora Holdings will be the holding company for four Temasek-owned or affiliated companies.
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.