What’s Buzzy: Cathie Wood Likes T-Bonds Over Large Caps
The doyenne of disruption thinks deflation will change the game board. Except for her beloved Tesla.
Newsmakers
Twitter to Pay $809.5 Million to Settle Securities Fraud Lawsuit
The social media company was accused of concealing from investors its stagnant user growth and declining user engagement.
Madoff Victim Fund Distributes Another $568 Million
The seventh distribution brings the total compensation to victims of the world’s largest Ponzi scheme to more than $3.7 billion.
CIO Exclusive: NY-Presbyterian’s CIO to Leave in September
William ‘Bill’ Lee is stepping down after five years in the role.
CIO EXCLUSIVE Ashbel “Ash” Williams, CIO of Florida SBA, to Retire in September
In addition to its chief investment officer retiring, 20% of the investment staff members at the fund could retire within the year.
Exclusive: Hartford HealthCare Posts a Healthy 33.5% Gain Despite Industry Pains
Investment Committee Chair David Roth gives high praise to CIO David Holmgren for the return.
CalPERS Won’t Hire a New CIO Until Next Year
The pension fund’s prior CIO, Ben Meng, resigned last August, but still no replacement is in sight. A new search, after the first one failed, is only just beginning.
Exclusive: Minnesota State Pension to Achieve Highest Returns Since 1983
CIO Mansco Perry hits a new record while protecting liquidity.
Canadian Universities Launch Jointly Sponsored Pension Plan
The University Pension Plan unites 35,000 members and five pensions into one plan with assets of C$10.5 billion.
University of Chicago CIO Mark Schmid to Retire in September
The endowment’s assets doubled under the CIO Lifetime Achievement Award winner’s guidance.
David Swensen, Yale’s Iconic Endowment Chief, Dies at 67
He pioneered the push into alternative assets, now popular among institutional investors.
How the Soros Connection Has Small Bard College Aiming for the $1 Billion Endowment Club
The famed financier has a special Holocaust-related bond with the school’s president. Result: Now there’s a shift from the old method that barely kept the junk-rated institution afloat.
Stone Point, GIC to Acquire Recordkeeper Ascensus
Investors are betting on ‘further growth’ in the financial technology firm that should benefit from aging societies.
SWIB Names Edwin Denson as CIO, Replacing the Late David Villa
The economist has been overseeing risk management and investing strategies at the Wisconsin organization.
Florida Senate Passes Bill to Move Most State Workers to DC Plan
Opponents say the proposed legislation attempts to solve a problem that doesn’t exist.