Korean Pension Giant Acquires Stake in US Private Equity Real Estate Firm
The $750 billion National Pension Service’s investment provides it with an undisclosed minority interest in San Francisco-based Stockbridge Capital.
News
An EM Rebound—and It’s Not All About China
Why emerging markets, now in the doldrums, will come back, per Lazard.
Illinois SURS Hires Michael Schlachter as New CIO
Schlachter will replace Doug Wesley, whose retirement was announced recently.
District Court Upholds PBGC Denial of Restored Pension Fund’s Grant Application
Local 550’s plan was terminated in 2016 and restored itself in 2022 before applying for a special financial assistance grant, which was denied.
Median Canadian Pension Plan Loses 3.7% in Q3
But median pension plans north of the border are up 1.6% year to date, according to Northern Trust.
EDHEC Institute Warns UK Pensions Against Investing in Infrastructure
Report says ‘remarkably poor and unreliable’ data on the asset class is a stumbling block for defined benefit plans.
Alaska Permanent Fund Eyes Path to $100B AUM
The program, currently at $78 billion, reviews plans to increase its risk in pursuit of higher returns.
Will Microsoft Overtake Apple in Market Cap Sweepstakes?
The iPhone maker faces hurdles, while its rival appears to have a smoother path.
Proxy Voters, ESG Groups Continue to Face Congressional Scrutiny
Advisory service providers and a decarbonization nonprofit were served with subpoenas by the House Judiciary Committee.
Investment Chiefs Remember Byron Wien, Legendary Wall Street Seer
Famous for his predictions, the celebrated investing strategist died at 90.
European Regulator to Revise Pillar 1 to Include ESG Risk
Investment firms are being told to accelerate their integration of environmental and social risk into capital requirements.
Illinois SURS CIO Doug Wesley to Retire
A replacement is expected to be named in November to allow for a transition period before Wesley’s departure in March 2024.
Words of Wisdom
The Class of 2023 Knowledge Brokers draw on their collective decades of experience and offer actionable advice for success (investment and otherwise) in tumultuous times.
Will Market Volatility Continue in 2024 and Beyond?
Class of 2023 Knowledge Brokers anticipate what successful investing in turbulent times will look like.
Tepid Turnaround Seen for Alts, Once Investors’ Darlings
AUM growth decelerates and fundraising softens, Preqin reports.