Despite Steep Losses, Canadian DB Plans End Year Fully Funded
Surging bond yields offset double-digit investment losses to push funded levels above 100%.
News
Corporate Pension Sponsors’ Use of OCIO Services Is Growing, While Interest in Risk Assets Wanes, Research Finds
Vanguard’s 2022 pension sponsor survey explores how the global pandemic, market volatility and rising inflation influenced pension decisionmaking.
Pennsylvania PSERS Names New CIO, Tapping UAW Investment Official
Benjamin Cotton fills the position has been vacant for a year amid probes and controversies.
Guardian Life Hires TIAA’s Nicholas Liolis as New CIO
To replace Liolis at TIAA, fixed-income head Emily Wiener promoted to CIO to oversee nearly $300 billion portfolio.
New York City Retirement Systems Emphasized Sustainable Stakeholder Value in 2022
Comptroller Brad Lander prioritized DEI reporting standards and combated legal opportunistic insider trading at portfolio companies.
UC Investments Gives $4 Billion Boost to Blackstone Real Estate Fund
Investment from $152 billion manager comes one month after BREIT had a run on withdrawals.
Kentucky Treasurer Targets 11 Firms for ‘Energy Company Boycotts’
BlackRock, Citigroup and JPMorgan Chase have all been threatened with state divestment due to alleged fossil-fuel bias.
How Bob Doll Makes His Rather Prescient 10 Annual Predictions
The Wall Street heavyweight’s forecasts for each coming year have done well over three decades, coupling conventional wisdom with unorthodox guesses.
Investors Worldwide Agreed to Class Action Litigation Settlements Totaling More than $7.4 Billion in 2022
Totals rose more than 75% from 2021.
Museum of Modern Art Names Lou Fernandes as New CIO
Next investment chief comes from New York University’s endowment.
How Some Asset Owners and Managers are Using Technology to Gain Portfolio Insights
Technology, with human involvement, can improve efficiency and enable innovation in portfolio management, sources say.
Private Market Technology Investments Are Here to Stay
After an immensely challenging year for technology companies, professional investors discuss the reasons why private technology assets are still compelling investments.
Alternative Allocation Provides Asset Managers More Diversification
After the 60/40 portfolio failed to generate its usual stability in 2022, asset management firms suggest higher alternative asset allocations to achieve greater diversification.
Former Kentucky Pension CIO Charges He Was Fired for Uncovering Fraud
Steven Herbert says his employment was terminated after he discovered that a property company, allegedly, stole money from a retirement system unit.
Shiny Private Equity Loses Some of Its Luster
The go-to asset class has stumbled a bit lately, prompting second looks from allocators.