UK Government Said to Target £30B Public Asset Pools
Initial talks over fundamental public pension investment changes have revealed the scale of politicians’ ambitions.
Newsmakers
Ohio State Pension Names New CIO
The $91 billion public plan appointed Richard Shafer—OPERS’ interim-CIO since last October—to officially lead the fund.
The End of Plan Sponsors
Most asset owners at Russell’s client conference support putting themselves out of a job, provided the right environment.
Allianz Life Appoints New CIO
Todd Hedtke has been promoted to senior vice president and chief
investment officer of Allianz Investment Management.
Swedish AP3 Appoints Replacement CIO
A new hand is on the tiller of one of Europe’s largest institutional investors.
UTIMCO Head of Private Markets Steps Down
Lindel Eakman is leaving his position at the $35 billion endowment to launch a new venture capital fund.
Northern Trust Taps Consultant, Behavioral Economist to Lead DC Business
An ex-Mercer consultant and a former World Bank economist have joined the Chicago-based firm.
Purdue Endowment CIO Moves Up
The $4 billion fund hired a public pension CIO to replace Scott Seidle, who takes on a larger role.
Harvard Endowment Gets New Board Members
Former Federal Reserve governor Jeremy Stein and Canyon Partners co-CEO Joshua Friedman have joined the board of Harvard Management Company.
The Changing of the Guard at Casey Quirk
Now more Quirk than Casey, younger co-founder Kevin Quirk takes over the chairmanship from John Casey, who is transitioning to a senior advisor.
Dallas Police & Fire Pension Names Inaugural CIO
James Perry, currently assistant CIO for the Texas Tech’s endowment, has been tapped to lead the deeply underfunded pension plan.
Back to School: Norway SWF Offers Internships
Norges Bank is looking for “high achievers” to work alongside Norway’s wealth fund.
AP3 CIO to Exit as Reform Looms
Kerim Kaskal will leave at the end of October to establish his own asset management firm.
Asset International, Parent Company of Chief Investment Officer, Appoints New CEO
Joel Mandelbaum, formerly of Wall Street Systems, has been named CEO and President.
Market Reads Fed Hike Delay in FOMC Minutes
A September increase in US interest rates is looking too early for some.