EBSA Recovers $1.4 Billion for Plan Participants
The amount is less than half of what it was 2020, when it started to decline.
News
Investors Remove $14 Billion from Hedge Funds in October
Nasdaq eVestment’s hedge fund data shows that redemptions continued in October, now totaling $71 billion this year.
Nuveen Hires Head of Energy Infrastructure Credit
New role for Don Dimitrievich includes financing reduced carbon-emission capabilities.
CDPQ Adopts CFA’s Asset Manager Code
The $287.3 billion pension giant announces it is the first Canadian fund to sign on to the code.
Not Such a Small World After All, CIOs Say
Institutional investors last week cited deglobalization as a concern when making asset allocation and investment decisions.
Ontario Teachers’ Pension Plan Names Anna Murray Head of Sustainable Investing
The former head of ESG at Sun Life Capital Management will lead the $178.6 billion pension fund’s climate strategy.
Vanguard Withdraws from Net Zero Group After State Pressure
Utah attorney general takes credit for getting Vanguard to review its relationship with Net Zero Asset Managers initiative.
Central States Multiemployer Pension Plan Receives $35.8 billion in PBGC Assistance
The Pension Benefit Guaranty Corporation has approved the Special Financial Assistance application from the Central States, Southeast & Southwest Areas Pension Plan. The Central States Plan is a multiemployer...
Regulator Calls on UK Trustees to Prepare for Next Bond Market Meltdown
The Pensions Regulator wants LDI-driven plans to be ready if yields suddenly jump like they did in September.
Swedish Pension Fund AP7 Sues Microsoft, Activision Over Takeover Deal
Lawsuit alleges shareholders were hurt because $68.7 billion acquisition process was “done incorrectly.”
Hawaii ERS Names Kristin Varela as New CIO
Coming from New Mexico’s PERA, where she was deputy, the new chief replaces Elizabeth Burton.
Survey: Allocators See 2023 Opportunity in Bonds
Fixed income should benefit from rate increases, Natixis poll finds.
CIO Announces 2022 Industry Innovation Award Winners
The allocators driving change and enhancing institutional fund performance and the service providers driving innovation in institutional investing were recognized at the annual Industry Innovation Awards dinner.
Goldman Sachs Agrees to Pay $4 Million to SEC for ESG Violations
The investment bank agreed to the penalty and a cease-and-desist order without admitting fault for allegedly violating their ESG research policies.