Women, Minorities Manage Just 13% of Charitable Assets, Study Finds
That share of the pie gets even smaller—to 3%—when more stringent definitions of ‘diversity’ are applied.
Manager Selection
Skjervem Resigns From Oregon State Treasury
The chief investment officer is moving to an investment management consulting firm in Northern California.
Mississippi PERS Names New CIO After Seven-Month Search
Retirement system names Robert Clark to manage the $29.6 billion portfolio.
UN Pension Fund Seeks Adviser to Suggest Board Changes
Fund is asking for a wide range of ideas on structural changes to its oversight.
CalPERS Board President Wants Transparency in Second Term
Fresh off his re-election campaign, Henry Jones pledges good governance, a focal point of his platform.
Charles Emond Named CEO of Quebec Pension Fund CDPQ
Head of private placements replaces Michael Sabia, who leaves after nearly 11 years.
Finnish Pension Veritas Hires New CIO from Rival Varma
Kari Vatanen replaces Niina Bergring, who left to join Helsinki’s Aktia Bank.
Market-Lagging Druckenmiller: I Was Wrong About Stocks
Famed investor had backed out of most equities so he missed 2019’s huge rally.
Almost $14 Billion Pulled From CalPERS Equity Managers
With almost all of its external active equity managers fired, CalPERS is moving billions into its own internally managed index strategies
Exclusive: CalPERS Fires Most of Its Equity Managers
Allocations for both traditional and emerging equity managers were slashed from $33.6 billion to $5.5 billion, and only four of 22 managers have been spared.
Breaking News: Washington State Investment Board Names New CIO
Allyson Tucker will replace Gary Bruebaker, who served as CIO since 2001.
Cohen & Steers Names Jon Cheigh CIO
Cheigh succeeds Joseph Harvey to oversee investment of firm’s $70.8 billion AUM.
AUM for Top 500 Managers Falls 3% in 2018
BlackRock retains the title of world’s largest asset manager for ninth straight year.