Public Pensions See Growth, Diversification in the Private Markets
Panelists at the Council of Institutional Investors' 2024 Fall Conference discuss how their allocations to alternatives have evolved since the global financial crisis.
News
IBM Secures $6B Pension Risk Transfer With Prudential
The latest deal follows the company closing its defined contribution plan in 2023 in favor of a cash-balance pension plan and an earlier $16 billion PRT.
Rice University Endowment CIO to Step Down
Allison Thacker will step down from the Rice Management Co. on September 30.
NYC Comptroller Brad Lander Disrupted by Climate Protestors at CII Conference
Despite the disruption, Lander hailed the New York City pension system's climate record.
Neuberger Berman Names Jeff Blazek as Co-CIO for Multi-Asset Strategies
The investment management veteran comes from Cambridge Associates.
ExxonMobil CEO: Proxy Activists in Lawsuit Are Not Responsible Shareholders
Darren Woods, speaking at the Council of Institutional Investors’ 2024 Fall Conference, said the architects of a spring shareholder resolution sought to destroy the value of the company.
US Defined Contribution Plans Need to Cover More Workers, Says TIAA
The study also suggested that workers should be required to join 401(k)s and other retirement programs.
Yale Endowment Launches Incubator Program for New Asset Managers
Applications for the Prospect Fellowship, which aims to help candidates launch new firms, are due October 14.
Investment Firms’ AI Adoption Hindered by Lack of Standards, CFA Institute Finds
A recent survey found that investment professionals agree AI standards are needed before they utilize the technology.
Ontario Teachers’ Pension Plan Earns 4.2% in 1st Half of 2024
The Canadian pension fund’s asset value increased nearly C$12 billion for the year to June 30.
Pennsylvania SERS Retains Empower, Aims to Save $1.4M per Year Under New Contract
According to the pension fund, changes under the new contract mean the financial services firm will have ‘some skin in the game.’
CDPQ, FTQ Invest $424M in Québec Energy Provider
The financing will assist Énergir in developing renewable energy projects.
Global Pension Assets Rebounded in 2023 With 10% Gain
Assets of the largest 300 pension funds reached $26.2 trillion, according to WTW.
Immigration Critics Overlook the Good It Does, per State Street
The worker influx has led to moderate wage growth and thus held down inflation, according to the firm’s Arone.
Final Settlement Hearing Set for December in Class Action vs. Uber
The Boston Retirement System is a class representative of investors seeking a $200 million settlement from the ride-share giant for false statements connected with its 2019 IPO.