How Are SFA Grant Recipients Investing That Money?
The answer varies from plan to plan, but there are incentives to invest the money conservatively.
News
World’s Largest Asset Managers Lost $18T in 2022, According to WTW
Discretionary assets declined to $113.7 trillion last year, largely due to the difficult investment climate.
No Reason Given for Departure of Investment Chief at Yale New Haven Health
Finance veteran Scott Lupkas, on the job just 21 months, had been at Raytheon and the UAW.
NYC Comptroller Urges OxyChem to Stop Importing Asbestos
The Occidental Petroleum-owned firm is the only company in the U.S. that still imports the toxic chemical.
ATI to De-Risk Nearly $1.8B in Pension Obligations
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
Fighting Cyberattacks Requires Top-Down Approach
Speaker at CIO livestream says security has to be responsibility of the whole organization, not just the IT department.
Harvard Endowment Returns 2.9%, Outperforming Many Peers
Venture capital investments dragged down returns in a muted year for alternatives.
CalPERS Selects Executive Search Firm to Identify New CIO
The system needs to replace CIO Nicole Musicco and hire a fourth lead investor in five years.
State Teachers Retirement System of Ohio Returns 7.55% in Fiscal 2023
Traditionally a strong performer for the pension fund, alternatives underperformed during the fiscal year.
Do Consultants Help Investment Returns?
A CIO Allocator Insights panel offers advice on dealing with outside advisers.
Ireland to Establish Sovereign Wealth Fund
The Irish government will also launch a fund focusing on infrastructure, climate, and nature.
CEO of UK’s Pension Protection Fund to Depart by Year’s End
Oliver Morley will become CEO of the U.K.’s Money and Pensions Service.
4 Ivy League Institutions Release Fiscal 2023 Endowment Results
Brown, Columbia, Dartmouth and Penn all improved their returns from 2022 but alternative investments dragged down returns.
US Public Pension Funding Poised to Rebound in 2023 Reporting
However, only half of the state and local retirement systems exceeded their assumed rate of return for the year.