CalPERS Highlights Performance of Private Equity Program
The California Public Employees’ Retirement System has come under scrutiny from the Retired Public Employees’ Association of California over its alternative investment program.
News
PBGC to Pay Full Pensions for First Brands’ Workers
First Brands had terminated its pension plan, so the federal agency stepped in to ensure retirees receive their full benefits.
PBGC Proposes Technical Changes to Special Financial Assistance Program
The agency seeks to clarify investment rules, streamline withdrawal liability settlements and eliminate a contribution reallocation exception.
UC Berkeley Hires CIO From Brandeis
Tarek Saghir will oversee $3.4 billion in assets at the Berkeley Endowment Management Co.
A Terminal Diagnosis
Many institutional portfolios are built on assumptions that may not survive the decade. Those planning ahead are building immunity.
Ex-New York Life Director Named CIO of Multifamily Real Estate Manager
Tampa, Florida-based American Landmark Apartments appoints Elizabeth Roy.
Investment Returns Outweigh Small Liability Jump for Pension Finances
The funded status of the 100 largest U.S. corporate defined benefit plans hit 109.6% in May, its highest since July 2001.
How Will Upcoming Mega-IPOs Impact Family Office Formation and Growth?
The upcoming public offerings of SpaceX, OpenAI and Anthropic are set to result in an increase in demand for family office services and in possible shifts to how these funds invest.
CalPERS Elevates Anton Orlich, Names Derek Walker to Lead Total Portfolio Approach
Orlich will oversee the pension fund’s alternative investments, while Walker will spearhead it’s adoption of TPA.
OMERS CIO Ralph Berg to Depart for Temasek
Berg will take up a new role leading the Singapore sovereign wealth fund’s energy and mobility teams.
While Retail Investors Flee Private Credit, Institutional Investors Stay Put
Several asset managers have seen increased redemptions from their business development companies due to heightened concerns about the asset class, but traditional limited partners are largely unphased.
Council of Institutional Investors Warns of SpaceX Governance Risk
Sixteen members of the asset owner association raised concerns about the company’s upcoming initial public offering.
Illinois Treasury CIO Joe Aguilar Departs for Multi-Family Office
Aguilar will serve as vice president and CIO of Market Street Trust Co.
CPP Investments Re-Bids for ReNew Energy Global
A consortium led by the Canadian pension giant has proposed to acquire the remaining shares it doesn’t own in the renewable energy company for $6.75 each.
Federated Hermes Becomes Latest Manager to Introduce Tokenized Money Market Funds
The firm’s OFFXX aims to comply with the GENIUS Act.