Public Hearing Exposes Discord on QPAM Rule Implementation
A DOL public hearing held Thursday on the new QPAM Rule proposal highlighted concerns about foreign convictions and non-prosecution agreements as grounds for QPAM disqualification.
Newsmakers
SEC Rakes in Record $6.44 Billion in Penalties, Disgorgement in Fiscal 2022
Whistleblower program doles out $229 million.
Vanguard Launches Australian Pension Fund
Investment manager aims to break into market down under by offering low-fee funds.
Exploring ESG Investing: An ESG Path Forward
Asset allocators Zach Stein and Andrew Siwo discuss ESG and sustainable investing.
Ontario Teachers Pension Could Lose $95 Million on FTX Investment
The $183 billion Canadian pension fund said its exposure to failed crypto exchange was minimal.
Post-Election Market Trajectory: Rocky at First, Then Steady
Strategists think the prospect of a gridlocked Congress will ultimately be good for stocks, with a couple of big exceptions.
Leslie Lenzo Announced as New Hershey Trust CIO
After spending ten years as leader of Advocate Aurora Health’s investment office, Leslie Lenzo will take the helm as CIO at Hershey Trust in 2023.
Musk Does a Slim Shady as He Shuttles Between Moderate and Firebreather
Twitter’s new chief has started to act nicer, but the old Elon still is around.
New Zealand Super Fund Reports -6.99% Loss in Fiscal 2021
The New Zealand Super Fund’s assets fell to NZ$55.7 billion ($32.2 billion) during fiscal year 2021, while the fund reoriented the portfolio towards sustainability and moved forward on Diversity, Equity, and Inclusion.
Chicago Teachers’ Pension Fund to Reorientate Portfolio to Fully Offset Fossil Fuel Investments
The fund plans to divest its $350 million holdings in fossil fuel related equity and debt and reinvest towards renewable energy sources by the end of 2027.
Vanderbilt Medical Ousts CIO, in Echo of Hartford HealthCare Bloodletting
Alaine Zachary, investment chief of the Tennessee hospital system since 2015, sees Morgan Stanley’s OCIO group take over her job.
NYC Comptroller Hires Diversity, Equity, Inclusion Director
Taffi Ayodele will lead office’s strategy to expand engagement and allocations to minority and women-owned firms.
Inside the World of Private Equity: Anxiety, Elation and Sangfroid
The hot asset class for allocators, PE is its own world, according to an insider’s book.
Eric Kirsch to Retire as Aflac Global CIO in March
Deputy Global CIO Bradley Dyslin to assume the role at the beginning of 2023.
A Coalition of Republican Attorneys General Targets Banks for Net-Zero Alliance Membership
AGs sent civil investigative demands to the six largest banks in the country to explore claims that the banks’ ESG pledges have harmed the energy sector.