Vanguard Appoints BlackRock’s Salim Ramji as New CEO
Ramji is Vanguard’s first external hire for the position.
News
Scott Chan Named CalSTRS’ New CIO
The fund’s deputy CIO will step up to replace the long-tenured Chris Ailman.
Evaluating the Impact of Climate Change on Investments
Eroding profits would happen gradually, but the result would still be horrendous, scholar Rebonato warns.
Wisconsin Pension Buys $160 Million in Bitcoin ETFs
The State of Wisconsin Investment Board purchased Grayscale and BlackRock Bitcoin ETFs.
US Corporate Pension Funding Mixed on Stock Declines
Record pension funding levels cooled slightly in April from a drop in asset values, but were partly saved by another uptick in discount rates.
Andrew Yorks Appointed as Head of Global Investment Strategy at Prudential
His appointment is effective July 15, and he will report to Prudential CIO Tim Schmidt.
Nest to Replace State Street with Northern Trust as Its Administrator
The UK pension program lauds its new investment firm’s ‘flexibility’ and ‘sophistication.’
Google Cloud Accidentally Deletes Australian Superannuation Fund’s Data
The $83 billion UniSuper saw its operations disrupted over the accident.
Private Credit Downgrades Rise Among Mid-Sized Companies, Says KBRA
Among a sampling of them, 21% had first quarter demotions, striking a possibly worrisome note for a key part of the economy.
Ann Orr: New PBGC Acting Director
Orr takes over on an acting basis after Hartogensis’ term expired.
Quant Trailblazer Jim Simons Dies at 86
His success came from pioneering efforts in applying algorithms to hedge fund trading, a popular investment for allocators.
CPPIB and Global Infrastructure Partners to Acquire Energy Provider Allete
The company will be acquired for $67.00 a share in a take-private deal worth $6.2 billion.
Congress Should Incentivize Pension Plan Creation, NIRS Report Says
The report provides 6 recommendations on how Congress can increase DB plan creation.
Ohio Governor Seeks Investigation into Teachers Retirement System
Aon, the pension fund’s investment consultant, abruptly dropped STRS as a client last month.
Energy Company Bonds Lengthen Maturities—a Threat to Investors, Report Says
The problem: Demand in coming decades will fall for fossil fuels, putting debt at risk, Anthropocene institute warns.