Saudi Arabia Planning Second Sovereign Fund
The country's second sovereign wealth fund will invest government budget surpluses.
Newsmakers
Macquarie Takes BNY Mellon’s Discarded Transitions Team
Despite industry departures, one bank sees growth in transition
management.
UK Union Launches Attack on CPPIB, APG Over Tax
A workers’ union claims Canadian and Dutch pension funds are “dodging” tax through investments in a London shopping centre.
T. Rowe Price CIO to Step Down as Portfolio Manager
Brian Rogers says he will hand over responsibility for the $30 billion equity income fund, but stay on as CIO and chairman.
World’s Largest Portfolio Not Big Enough, Report Finds
The ultra-conservative $1.27 trillion Japanese pension fund will need more tax inflows to pay its future bills, a comprehensive review found.
La Caisse to Expand Investment Outposts
The Québec fund has “some catching up to do” to match its compatriot funds’ networks, its CEO has said.
Tesco Pension Appoints Kuwait Alternatives Specialist
The UK supermarket chain is building up its internal alternatives team.
Harvard, Penn, Chicago: Which School Opens the Fund Management Door?
If you want your children to get into fund management, their
choice of educational establishment can help.
NYC Pensions Appoint TIAA-CREF Veteran as New CIO
Scott Evans,
former CIO and president of asset management at TIAA-CREF, will begin managing
the city’s $150 billion retirement system in July.
CIO Sought for New York Transport Authority Pensions
The successful candidate for the newly-created role must address a significant funding shortfall and asset valuation concerns.
‘Good Chance’ of QE in Europe to Prevent Deflation, Says PIMCO
PIMCO thinks the next five years will be dominated by continuing low interest rates but a return to relative stability.
What It Takes to Be CalPERS’ CIO
The largest
US public pension plan seeks candidates with 15 years of experience, extensive
knowledge of investment strategies, and high ethical standards.
Goldman Sachs: World Cup Economics (and How to Play Them)
Brazilian equities are likely to catch a short term tailwind if the country’s football team triumphs at home tournament this summer, says Goldman Sachs.
CIO Profile: Running the Largest Pension for Europe’s Richest Population
The CIO of Switzerland’s PUBLICA pension outlines his views on private debt, ESG, and a top heavy membership.
Eastern Appetite for Alternatives Balloons
A multi-billion dollar Taiwanese pension fund is ramping up its allocation to hedge funds.