NBIM Appoints Nicolai Tangen to 2nd Term as CEO
Originally named to the post in 2020, Tangen will serve another five years managing Norway’s $1.8 trillion sovereign wealth fund.
Manager Selection
UK Pension Replaces State Street With Invesco, Amundi for $35B Mandate
The $40 billion People’s Pension’s moved the vast majority of its assets away from State Street Global Advisors to stay aligned with the fund’s responsible-investment policy.
Illinois Police Pension Narrows Private Markets Consultant Pick to Albourne, Callan
IPOPIF plans to allocate 20% of its portfolio to alternative investments, up from no current allocation to these asset classes.
Inaugural Emerging Managers Week to Kick Off in February
The week of conferences is intended to provide a platform and networking opportunities for diverse-owned and emerging management firms.
New York Common Leads All US Public Pension Funds in Commitments to Diverse Firms
An NAIC report also found corporate pensions and union funds ‘lag significantly’ behind public pensions in hiring diverse managers.
Indiana Fund Narrows Finalists to Replace BlackRock
Under state law, the pension fund is required to replace service providers if they are determined to have made ESG commitments.
NYC Pensions Counter Anti-DEI Rhetoric With $23.1B Invested in Diverse Firms
CIO Steven Meier aims to set a ‘powerful example’ that diversity is fundamental to fiduciary duty.
SDCERA Seeks Investment Consultant
The San Diego County pension issued a request for proposal, with submissions due by December 13.
Illinois Municipal Retirement Fund Seeks Real Estate Managers
The IMRF aims to commit at least $50 million to residential property strategies.
Largest Managers’ Assets Grew 12.5% in 2023 to $128T
Data from WTW's Thinking Ahead Institute show the 20 largest managers account for almost half of global discretionary assets.
Neuberger Berman Names Jeff Blazek as Co-CIO for Multi-Asset Strategies
The investment management veteran comes from Cambridge Associates.
Yale Endowment Launches Incubator Program for New Asset Managers
Applications for the Prospect Fellowship, which aims to help candidates launch new firms, are due October 14.
Macalester College Endowment to Outsource Investment Management
The school is shuttering its internal investment office and transferring its duties to management firm Investure.
Meketa to Hold 15th Emerging Manager Conference in October
The event will be among several conferences held in 2024 that focus on emerging and diverse managers.
Illinois Police Fund Seeks Credit Manager
The pension, which plans to build out a private credit strategy, approved a request for proposal for a manager.