Walter Kress Receives CIO’s 2022 Lifetime Achievement Award
EY’s CIO, a connector and a generous collaborator, to be honored during awards night at Chelsea Piers.
News
PSERS Posts Ad for New CIO
The $75 billion pension fund is looking for its first permanent CIO since Jim Grossman resigned last year.
OECD Pensions Outlook 2022: Developing Asset-Backed Pension Systems
Latest worldwide pensions review discusses how to develop and strengthen asset-backed pensions and makes recommendations on governance and fee structures.
Federal Reserve Proposes Climate Risk Framework for Large Financial Institutions
The framework is essentially the same as those proposed by the OCC and FDIC and calls on large financial institutions to account for climate-related physical and transitional risks in its business strategy.
Australian Prime Minister Proposes $10 Billion Green Fund
The National Reconstruction Fund would invest in clean energy and other areas of the economy.
Gender Diversity on Company Boards Improves Due to Pressure from Big Three Asset Managers
An NBER study shows the push by Vanguard, BlackRock and State Street has rippled through corporate America.
NBA Approves Institutional Investors’ Passive Ownership Stakes in Teams
Investors including pension funds, sovereign wealth funds and endowments can own passive stakes in NBA franchises, following a 2020 decision to welcome private equity firms.
Congressional Republicans Take Aim at SEC Climate Disclosure
Three bills have been proposed since late September which seek to limit or prevent the SEC’s ability to require climate change-related disclosure.
PBGC Grants SFA Money to Third Teamsters Pension in Two Weeks
New Jersey union pension fund, expected to become insolvent in 2023, will receive $54.1 million in assistance.
Former Connecticut Treasurer Named Chief Public Pension Strategist at Apollo Global Management
Shawn Wooden, outgoing treasurer of Connecticut, was named partner and chief public pension strategist at Apollo Global Management’s institutional client and product solutions group.
More Real Estate Woes: Blackstone Hits Exit Limit
The investment firm’s storied property arm is beset by investor withdrawals, underscoring REITs’ plight these days.
Ohio Takes Lead in $25.5 Million Suit Against Warner Bros. Discovery
Class-action lawsuit alleges company intentionally failed to disclose financial problems at WarnerMedia prior to merger.
US Single-Premium Buy-Out Sales Set Record in Q3 ’22
U.S. single premium buy-out sales are poised to set new records for 2022, as the third quarter delivers $26.15 billion in buy-out transaction volume.
Global Asset Allocators Continued to Grow in 2021, Hitting Almost $26 Trillion
WTW study shows the 9% pace wasn’t as high as 2020’s for the top 100 funds, but was still impressive.
BlackRock’s Red-State Woes Continue as Florida Divests
Florida’s CFO freezes assets managed by BlackRock and says by early 2023, the state will have divested fully from the world’s largest asset manager.