NBIM Denied Private Equity Investing Permission, For Now
The $1.59 trillion sovereign wealth fund of Norway has consistently asked the government for permission to invest in the private markets.
News
Shareholder Funding Dries Up for Thames Water; Regulator Blamed
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
UK Pension Regulator Sets Targets for Reaching Net Zero by 2030, 2050
TPR said it will aim to eliminate up to 90% of emissions, while offsetting the remaining 10% with carbon credits.
US Corporate Pensions Continue Funding Surplus in March
Funded status for U.S. defined benefit plans continues to push to all-time highs, according to several data trackers.
What Do Allocators Like in Choosing Hedge Funds?
A thumbs-up for long-short and market neutral, and down for ESG and crypto, says Agecroft Partners.
Insurers Flock into Private Debt, Alternatives, Mercer Says
73% of insurers have or plan to make private markets investments in 2024.
CPP Investments Consolidates Wind Energy Investments
UK-based Reventus Power will consolidate the on and offshore investments of the pension fund.
Tech Stocks Fuel Chicago Police Pension’s 11.8% Return in 2023
Despite double-digit gains that raised the fund’s value to nearly $3 billion, the returns fell just short of the pension benchmark’s performance.
IRS Proposes Regulations to Codify Stock Buyback Tax
Stock buybacks valued at under $1 million would not be subject to the tax.
NYC Pensions Reach Climate Disclosure Deal With JPMorgan Chase, Citigroup, RBC
City Comptroller Brad Lander said he expects energy supply ratio disclosure will become a ‘new standard’ for the banking sector.
How Private Equity Damages Health Care, Jobs, Pensions, Report Contends
Study ranks states on what it sees as the harm from PE-run companies. Worst one: New Mexico.
Asset Owners Continue Pouring Money into Alternatives in 2023, Up 19%
They keep private equity and venture capital as their top category by size, even though these two alts are lagging on investment returns, per a study.
Scope 3 Disclosure Might be Required for Companies With Climate Goals
Attorneys warn of additional compliance needs in testimony to the House Financial Services Committee.
3 Investing Considerations for Endowments and Foundations for 2024
A Fidelity Investments portfolio manager provides a playbook for those with aggressive investment objectives to help avoid downside this year.
SEC Staff Clarifies Climate Disclosure Sticking Points
Two SEC staff addressed issues of materiality emissions in a webinar hosted by Ceres.