Despite High Market Concentration, Investors Are Holding On
Institutions might be willing to maintain their bet on concentrated markets, if top-performing equities grind higher.
Manager Selection
NYC Comptroller Calls for City Pensions to Drop BlackRock, Fidelity, PanAgora
Brad Lander has recommended three of the city’s five pension funds rebid BlackRock’s U.S. public equities index mandates.
Eli Lilly and Co. Selects Goldman Sachs for $25B OCIO Mandate
The company’s CIO, Susan Ridlen, retired in August, and Goldman Sachs Asset Management will now manage its portfolio.
Australia’s State Super Hires Frontier Advisors as Independent CIO
The consultant firm will employ the superannuation fund’s investment team and manage its portfolio, while the fund will take a ownership stake in the firm.
CalSTRS Forms Climate Co-Investment Partnership With Carlyle Alpinvest
The California State Teachers’ Retirement System will broaden its access to private equity managers investing in climate solution opportunities.
LA Pension Funds to Host Emerging Manager Event
Qualifying asset managers can apply for one of a number of limited meetings with LACERS and LAFPP staff.
Market Commentary, Thought Leadership Influence Manager Selection
Institutional investors value managers’ investment content, which overwhelmingly informs investment decisions, CoreData Research finds.
Pembroke Management Wins $181M Mandate From La Caisse
The Québec pension aims to increase its investments with managers in the province.
Yale Investments Launches 2026 Prospect Fellowship Applications
The university will select five ‘forward-thinking’ investors to launch their own investment funds with funding from Yale.
Dutch Pension PZFW Terminates BlackRock, AQR, L&G Mandates Amidst Portfolio Reshuffle
The trio were dropped as equity managers as the fund looks to active investing.
New York State Pension Puts More Into Private Equity
The $273 billion New York State Common Retirement Fund committed $2.3 billion to the asset class during March and May alone.
Nest Commits $750M to Timberland Fund
The U.K.’s largest workplace pension will gain exposure to the asset class through BTG Pactual TIG.
Penn SERS Makes $1.5B in Fixed-Income Commitments
The Pennsylvania State Employees’ Retirement System allocated to three strategies and maintained its assumed rate of return.
Octopus Australia Wins $650M Mandate From APG
The renewable fund manager will deploy assets from the Dutch pension fund to clean energy transition projects.
Austin City Pension Selects Albourne as Private Markets Consultant
COAERS recently approved an increase to its allocations to alternative investments.