CIO EXCLUSIVE Ashbel “Ash” Williams, CIO of Florida SBA, to Retire in September
In addition to its chief investment officer retiring, 20% of the investment staff members at the fund could retire within the year.
Newsmakers
Exclusive: Hartford HealthCare Posts a Healthy 33.5% Gain Despite Industry Pains
Investment Committee Chair David Roth gives high praise to CIO David Holmgren for the return.
CalPERS Won’t Hire a New CIO Until Next Year
The pension fund’s prior CIO, Ben Meng, resigned last August, but still no replacement is in sight. A new search, after the first one failed, is only just beginning.
Exclusive: Minnesota State Pension to Achieve Highest Returns Since 1983
CIO Mansco Perry hits a new record while protecting liquidity.
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.
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.