Hedge Funds Aimed at Ailing Companies Will Do Well, Agecroft Says
A report sees higher rates and a weakening economy pushing firms into bankruptcy or restructurings.
News
Illinois Police Pension Seeks Active Manager for Small, Mid-Cap Stocks
The $9.4 billion Illinois Police Officers’ Pension Investment Fund has $450 million in international small-cap stocks.
How 5 Of the World’s Largest Pension Funds Invest to Combat Climate Change
It’s trickier for some, like the Norwegian program, which is funded by North Sea oil.
PBGC Provides More Than $1B to 3 More Ailing Multiemployer Plans
The plans were projected to become insolvent within 10 years.
Public Equities Buoy CalSTRS’ 6.3% Investment Return for Fiscal 2023
The pension giant’s public equity portfolio returned 16.7% for the year, but the overall portfolio fell short of its 7% target.
New York State Pension Fund Invests More Than $1.4B in June
Nearly half of the commitments were made to three private equity funds.
PBGC’s Insurance Programs Are in Strong Financial Shape, Report Says
Both single and multiemployer programs are in the green for years into the future.
Offices Aren’t the Most Threatened Real Estate Sector—Apartments Are
Morningstar says multi-family’s finances are even more precarious.
Pennsylvania PSERS Sues Aon Over Accounting Error
The pension fund accuses Aon of breach of contract, breach of fiduciary duty and negligence.
TCW Group Acquires Engine No. 1’s ETF Business
The San Francisco-based firm’s Transform platform manages more than $600 million in US equity ETFs.
California Pension Fund Names Gaurav Patankar CIO
The former head of Bloomberg’s alternative investment strategy joins the Merced County Employees’ Retirement Association.
Australia’s Future Fund Names Ben Samild as New CIO
The sovereign wealth fund promotes a long-tenured investment veteran who had been deputy CIO since 2021.
SEC Charges Hex Crypto Token Owner with Fraud and Offering Unregistered Securities
Richard Heart allegedly offered more than $1 billion in unregistered digital securities and stole $12 million in investor funds, according to the SEC
Deadline Extended for 2023 Industry Innovation Awards Nominations
Consider nominating the asset owners, managers, consultants and service providers who are changing the industry for the better.
Investors See Opportunity (and Risk) in Frontier Markets
Digital transformation and urbanization are driving growth, as well as supply chain reshuffling.