New IPOs Cannot Be Processed During Potential Shutdown, SEC Chairman Says
Companies cannot go public if the SEC lacks the staff to process the paperwork, and public companies may be unable to make new offerings.
News
Willis Towers Watson Sees Headwinds in Commercial Real Estate
Report outlines how investors can navigate market pullback.
South Carolina Retirement System Invested $300M in Private Equity, Private Credit Funds
The pension fund added new investments in private equity despite being over the allowed target allocation.
Mark Baumgartner Will Join Dalio Family Office as CIO
Baumgartner has been CIO of the Carnegie Corp. of New York since 2020.
University of Virginia Endowment Return Misses Benchmark by 10.3 Percentage Points
According to UVIMCO, its developed market managers ‘were not able to fully capture the strong gains seen in domestic equities.’
PBGC Updates Address for Overnight Delivery of Paper Checks
The mailing address change for paper premium-payment checks is effective October 6.
Hawaii ERS Misses Benchmark, Target Rate With 2.6% Return in Fiscal 2023
The pension fund increased its asset value to nearly $22.3 billion for the year that ended June 30.
Canada Pension Plan Promotes Manroop Jhooty to Head of Total Fund Management
Jhooty will lead the team responsible for implementing the C$575 billion pension fund’s investment framework.
Infrastructure Fund Adviser Penalized $1.6M by SEC for Fee, Conflict Violations
The firm allegedly failed to disclose conflicts of interest and loans between funds it was advising and managing.
Rockefeller Foundation Commits More Than $1B Over 5 Years to Climate Transition
The philanthropic organization announced the strategy is unprecedented in the foundation’s 110-year history.
Printer’s Pension Receives $20.6M From PBGC
The plan was projected to become insolvent next year, when it would have had to cut benefits nearly in half.
iM Global Partner Promotes Jack Chee to CIO of US Asset Management
Chee was previously head of fixed-income strategies.
New York Common Pension Fund Looking to Hire Senior Investment Officer
The position will report to the director of emerging managers, while the pension giant is also seeking an assistant counsel for investments.
European Central Bank Warns Green Transition Needs to Quicken
The bank’s second climate stress test showed ‘there is a clear need for speed’ to meet the goals of the Paris agreement.
Alberta Threatens Breakaway From Canada Pension Plan
Provincial leaders want more independence from the federal government and commissioned a report to study potential financial terms of a separate fund.