New CIO Named at Korea Investment Corp
Hanwha Asset Management’s Shinwoo Kang leads the $91.8 billion sovereign wealth fund following the resignation of Heung-sik Choo.
Newsmakers
Cambridge Scoops Private Equity Talent from BP
Vicky Williams has left the oil giant’s UK pension team to become a consultant.
World Bank Nabs Korea's Sovereign Fund CIO
With no successor named, Heung-sik Choo departs to oversee $130 billion investment pool.
CPPIB’s Wiseman and Machin Defend Active Management
The $217 billion pension fund’s outgoing CEO and his successor respond to recent criticism of CPPIB’s investing strategy.
Prudential Loses Retirement CIO to Competitor
After nearly 30 years, the managing director departs for Mutual of Omaha.
APG’s Claudia Kruse Takes Next Generation Crown
European asset owners voted for the continent’s top young leader at CIO’s Innovation Forum.
NYC, California Leaders Call for Pensions to Back LGBT Diversity
Comptrollers asked public fund fiduciaries to embrace a definition of board diversity that includes lesbian, gay, bisexual, and transgender communities.
CIO Henrik Gade Jepsen Exits ATP
He ends his 17-year career at Denmark’s largest pension plan as ATP welcomes Kaspar Arndt Lorenzen as the new investment chief.
DTE Energy Investment Chief Leaves for OCIO
Paul Cavazos has joined American Beacon Funds as CIO, and will focus on corporate pension plans and growing the mutual fund business.
Canadian Pension Vet Joins NZ Super
Doug Pearce finds his next project, two years after retiring as CIO of British Columbia’s public asset pool.
NISA Hires Again for DC Lifetime Income Team
Another 401(k) expert from AllianceBernstein joins the famed LDI firm.
War of Words Over CPPIB’s Active Strategy
An influential consultant leaps to the defense of the Canadian pension following public criticism.
Shareholders Split on Climate Change Action
An activist group is stepping up pressure on the Netherlands’ biggest listed company—but the country’s top investors are wary of extreme action.
US Trust Wins Three OCIO Mandates
The OCIO manager has picked up assets from the Healthcare Foundation of Wilson, the Leukemia & Lymphoma Society, and the BHP Billiton Foundation.
Harvard Endowment Chief Goes on Medical Leave
The fund’s COO Robert Ettl will serve as interim investment head until CEO Stephen Blyth returns.