Lessons on How to Manage Major Systemic Risks
Investors’ thoughts on how system-level investing, focusing on interconnections between stressed, complex systems, can impact portfolio performance and where it can help.
News
Gabelli’s Global Investing Game Plan: Go Big on US Stocks
For 3 of the asset manager’s top strategists, the notable exception is Tesla.
British Columbia Investment Management Returns 7.5% in Fiscal 2024
Assets of the plan increased to $182.88 billion at the end of March, boosted by strong returns in equities and private debt.
NY State Pension Returns 11.55% in Fiscal 2024, Dumps Another Stock Fund
The $267.7 billion pension giant cashed out of $3.8 billion worth of equity investments in March and April alone.
Bob McCormick to be Council of Institutional Investors’ New Leader
McCormick will be replacing outgoing director, Amy Borrus.
STRS Ohio Board Votes Against Performance Bonuses for Investment Staff
The board of the pension fund voted 5-4 to negate any performance-based compensation.
Australia’s Future Fund, QIC Buy 19.8% Stake in Toll Road Owner Connect East
Future Fund CIO Ben Samild said the deal is in line with the A$223.4 billion sovereign wealth fund’s strategy to increase its Australian dollar exposure.
No Recommendations Yet From the Labor Department on PRT Provider Selection
The department published its overdue report on the rules for selecting an annuity provider, but put off making any changes.
The California Endowment Appoints Kelli Washington as New CIO
The new investment chief of the $4 billion endowment comes from Cleveland Clinic.
Gap Narrowing Between Infrastructure Investments and Allocation Targets
Institutional asset owners are closing in on their infrastructure target allocations, research from Hodes Weill & Associates and Cornell finds.
Sovereign Wealth Funds Shift Into More Tech and Green Energy
The SWFs also are pushing more into real estate as valuations drop, report says.
Iowa Pension Recommends 9 New Managers for Real Assets Portfolio
IPERS plans to make $500 million in real assets commitments in 2024.
PBGC Rescues 5 Multiemployer Pension Funds Covering 200,000 Workers and Retirees
The grants totaled nearly $6 billion in value.
Illinois Teachers’ Pension to Prioritize Liquidity, Volatility Protection in New Asset Allocation Plan
The fund also made up to $570 million in commitments to new and existing managers.
IRS Announces Intent to Close Basis-Shifting Tax Loopholes
The IRS and Treasury say the changes could raise about $50 billion over 10 years.