MIT Endowment Return Dips 2.9% in Fiscal 2023
Although the endowment posted negative returns for a second year in a row, the funded status of its defined benefit pension plan improved.
News
US Corporate Pension Funding Rises Slightly in September
Funding status rebounded from a loss in August.
Elevated Stock Valuations Will Not Stay High for Long, Says Market Sage
Price/earnings multiples will fall amid little-appreciated economic weaknesses, per economist David Rosenberg.
Brookfield Raises $12B for Private Equity Program
Brookfield Capital Partners VI is the largest private equity fund in the firm’s history.
A Miasma of Uncertainty Grips Investors
Washington dysfunction, fear of the Fed and a host of other anxieties haunt the markets.
Equity Gains Buoy Ohio School Employees’ 7.4% Return in Fiscal 2023
The School Employees Retirement System of Ohio topped its benchmark and raised its asset value to $17.8 billion.
GuideStone Financial CIO David Spika to Retire at End of Year
Public investments director Brandon Pizzurro will succeed Spika to oversee the faith-based firm’s $20.2 billion in AUM.
University of Minnesota CIO Stuart Mason to Retire in Early 2024
Mason has served as CIO for 21 years, and a selection process for his successor is underway.
Congress Looks to Cut Deficits Amid High Interest Rates
High U.S. debt-to-GDP ratio and political uncertainty are among factors driving 10-year Treasury yields to 16-year highs.
CFA Institute Systemic Risk Council Adds 3 New Members
The policy and regulatory reform advocacy group expands to 19 with new experts from Germany, France, and the US.
For Energy Transition Investing, Allocators Eye Private Assets
They provide diversification, and use of them will grow, a Schroders survey finds.
Northern Trust Developing Platform to Allow Institutional Buyers to Digitally Access Carbon Credits
Use of smart contracts expected to bring rigor to voluntary carbon credit market.
Illinois SURS Looking to Hire New CIO
The $22.6 billion pension fund is also seeking investment analysts for fixed income, equities and real assets.
PE Buyouts ‘Meaningfully’ Outperform Public Equities, Norges Bank Finds
The pension giant also found that venture capital and growth equity have underperformed public equities.
2023 Asset Owner Industry Innovation Award Finalists Announced
On December 5, CIO will recognize the allocators driving change and enhancing performance in institutional investing.