Canadian Pension Funded Statuses Hold Steady in Q2
The plans maintained their surplus amidst weak domestic equity performance.
News
Saudi PIF Nets $17B in Gains in 2023, Reversing Prior Year Slump
The sovereign wealth fund’s assets grew to nearly $1 trillion.
Forget the Terminator: How to Prevent Harm From AI
Allocators should insist that companies adopt firm principles to thwart privacy problems, false information and other threats from ascendant artificial intelligence, study says.
CalPERS Increases Climate-Related Investments by Nearly $10B
Approximately half of the new investments will be in public equity, with the rest going into private markets.
Austin Pension Selects Meketa as New Investment Consultant
Meketa Investment Group was chosen after a six-month RFP process.
Kansas Construction Pension Fund Receives $43.1M PBGC Grant
The funding will keep the plan solvent through 2051.
Saskatchewan Healthcare Pension Returns 8.43% in 2023
SHEPP saw its assets grow to $7.29 billion at the year end.
Smart Money Portent? Bonds Are Gaining Allocators’ Interest
Meanwhile, allocators are moving out of stocks, which have been doing well lately, per a Nasdaq eVestment study.
Vasilis Theofanopoulos Named CIO of Growthfund
The Greek sovereign fund manages $5.9 billion in assets.
How the Supreme Court’s Chevron Reversal Impacts Institutional Investing
Courts are no longer required to defer to interpretations of law offered by executive agencies that regulate defined benefit and contribution savings.
Illinois Police Pension Appoints Greg Turk as Deputy CIO Amidst Private Markets Push
Turk will oversee the planning and implementation of the fund's private markets investments.
LACERA Wins Court Decision Backing Its Authority Over Employee Compensation, Classification
The state appellate court ruling reversed a 2018 decision by the Los Angeles Board of Supervisors to reject the retirement system’s proposed changes.
BlackRock to Acquire Alternatives Data Provider Preqin
The $3.2 billion deal is expected to close before the end of the year.
Medical Technology and the Fight Against Cancer
Biomedical researchers are discovering drugs that improve patient care and although many needs remain unmet, investment opportunities emerge.
How Memorial Sloan Kettering Funds Its Cancer Fight
Under CIO Jason Klein, the celebrated hospital has leveraged its top-notch research and well-managed investments to produce still more breakthroughs.