Charles Stewart Mott Foundation Names Nancy Orr as New CIO
Starting the transition on November 1, Orr has more than 20 years of experience in institutional investing.
Manager Selection
Interim Sharcus Steen Appointed Long-Term CIO of University System of Maryland Foundation
The new investment chief, who spent 15 months in the interim role, was recognized as a CIO NextGen honoree in 2021.
AP3 Announces New CIO as Talent Scramble Heats Up
Swedish pension funds Alecta and AP3 have made several strategic hires following Alecta’s losses in the spring’s U.S. regional bank failures.
BAE Systems Outsources Management of 2 UK Pension Funds to Goldman Sachs
At 23 billion pounds, the OCIO mandate is the largest in UK history, according to the asset manager.
Illinois Police Pension Seeks Active Manager for Small, Mid-Cap Stocks
The $9.4 billion Illinois Police Officers’ Pension Investment Fund has $450 million in international small-cap stocks.
Church Pension Group Names Michael Hood CIO
Roger Sayler is retiring after nine years with the Episcopal Church’s investment manager.
Re-Mixing Asset Allocation: Insurers Decrease Bonds, Then Do a Partial Reversal
The industry also is expanding its exposure to stocks and alts, amid rising rates.
Insurers Tap Money Managers for Opportunities in Real Estate, Private Credit Markets
A recent surge in home construction has insurers eyeing investment opportunities in the single-family and multi-family residential sectors.
CalSTRS Winnows Candidate List for China Equities Manager
Pension giant is seeking a better way to implement its China equity exposure.
MetLife CIO Steven Goulart to Retire in August
The firm has a mandatory age-65 retirement policy, although it has been waived in the past; several corresponding promotions were also announced.
New Nest CIO Elizabeth Fernando Plans Steady-as-We-Go Strategy
Move into alts, doubts about emerging markets, and criticism of Shell highlight the pension program’s direction.
Legislation Requiring Diversity Disclosures Introduced in House
The Improving Corporate Governance Through Diversity Act would require issuers to disclose information on diversity at the director and executive levels.
Sweden’s AP7 Hires Head of Asset Management
Lena Fahlén will leave Handelsbanken after more than 20 years to join AP7 in September.
Cinctive Capital Management Hires Michael Haddad as Deputy CIO
Haddad was previously interim CIO overseeing the New York City Retirement Systems’ $248 billion portfolio.
Hargreaves Lansdown Names Toby Vaughan CIO
He was most recently head of investment management at private banking firm Brown Shipley.