Endowments, Foundations Increase OCIO Use, but Underutilize Alts
A CAPTRUST survey also found that the number of nonprofits allocating to ESG investments decreased in 2022.
News
Biden’s Proposed Spending Priorities Include Social Security, DOL, IRS
Proposed budget advocates for higher fines and more aggressive enforcement by DOL in equal opportunity cases.
Alaska Bill Seeks to Revive Defined Benefit Pension
Bipartisan legislation is intended to attract workers to fill state job vacancies.
Council of Institutional Investors Names CalSTRS Manager as Board Chair
Aeisha Mastagni, who works on sustainable investing at the pension fund, has previously served as a CII director.
Biden Budget Proposes End to Carried Interest, Higher Tax on Buybacks
The proposal would repeal the carried-interest provision and 1031 exchanges.
Gender-Diverse Asset Managers Get Better Results, Study Says
Equity returns are almost half a percentage point higher with more women in investment firms, per WTW.
UK Pension Risk Transfer Market Drops to £26 Billion in 2022
Despite decline, the British market topped £25 billion for the fourth straight year.
Multiemployer Plan Funded Levels Fall Despite American Rescue Plan Aid
Investment losses dragged aggregate funded levels 12 percentage points lower in 2022.
NY Common Commits $1 Billion to BlackRock Public Equity Fund
The investment accounts for half of the $242 billion pension fund’s January commitments.
Grayscale Launches Appeal Against SEC, and Its Shares Rally
The sponsor of its battered bitcoin fund labels as “arbitrary” the agency’s nixing of its ETF conversion request.
Investors’ Use of Climate and Greenhouse Gas Information Is Growing, SEC Chair Says
Gensler defended the SEC’s climate disclosure rules at a CII conference.
Slowly It Turns: The Market Rotates Back to Rally Mode
Cyclical stock sectors re-take the lead, but with deliberation, as earnings weaken.
Teacher Pension Costs Triple Since 2001, Report Says
Research finds education retirement costs are significantly outpacing education spending.
Coinbase Acquires One River Digital
The digital asset manager will become Coinbase Asset Management, with CEO Eric Peters remaining on board.
IPOs Start 2023 in the Doldrums, Mirroring 2022’s Sad Showing
With an anxiety-prone stock market not showing a lot of lift after last year’s losses, companies are holding off on going public.