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.
Newsmakers
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.
MBS Wants Saudi Arabia Fund to Reach $2 Trillion in Assets
The crown prince’s ambitious plan for the Public Investment Fund would change the kingdom’s dependence on oil while creating the world’s largest pool of institutional money, but questions remain.
Dimon Slams Dem Plans to Remove Lid on State, Local Tax Write-Offs
The JPM chief says lifting the cap would only benefit the wealthy, with their huge property levies.
Vermont Pension Reform Plan Blasted by State Teachers, Workers
Proposal would require public employees to contribute more, work longer, and earn less.
Bolstering City Infrastructure ‘Imperative’ to Recovery, Says Kamala Harris
The vice president outlines the Biden administration’s goals as it prepares a plan to build everything from railways to tidal walls.
Oklahoma Bill Would Create State-Run Retirement Plan
Proposal calls for auto-enrollment IRAs for workers whose employers don’t offer a retirement plan.
Britt Harris: Millennials Are Defined by Enduring Tough Economic Times
Gen Y folks are five years behind Baby Boomers financially at a comparable age, renowned UTIMCO chief laments.
State Employee Retirements at CalPERS Jump 15% in 2020
The pension system says the spike was ‘predicted’ and figured into planning for the $389 billion fund.
Northwestern Names Amy Falls New VP and CIO
She will be the first woman to oversee the $12.2 billion endowment.