Deutsche Bank Completes Global CIO Team
Appointment of CIO for Middle East, Africa and Europe, excluding Germany, rounds out six-member team.
News
Hawaii State Pension Fund Returns 3.66% for Fiscal Year 2022
The fund, which has an asset value of just under $22 billion, is seeking a new CIO.
Directors Guild Pension Hires USC’s Edgar Smith to be First CIO
Smith, a hedge fund and U.S. equity expert, has been a critical part of the University of Southern California’s endowment.
NY State Pension Allocates Over $1 Billion to Alts in July
The pension fund committed nearly $500 million to real assets during the month.
US DOL Extends Comment Period for QPAM Exemption Proposal
Regulator also schedules a hearing for November 17, deadline for requests to testify is October 11.
US Pension Risk Market Sales See Record-Breaking Q2
Buyout sales increase by triple-digit percentage points for second consecutive quarter.
2022 Not-for-Profit Investment Survey Finds Significant Presence in Private Markets
The trend coincides with an increased awareness of and emphasis on environmental, social and governance issues.
CalSTRS Moves to Lower Holdings of Carbon Emitters
Pension fund wants to halve its investment exposure to them by 2030.
Delaware Enacts Private-Sector Retirement Mandate
Program extends retirement benefits to private-sector workers who lack access to employer-sponsored plans.
Wall Street Nervously Waits for the Jobs Report
Investors hope for a low number, which could mollify a hawkish Federal Reserve.
Allocators Rebalance Too Often, JPM Says
Instead of rebalancing quarterly or monthly, do it annually, and more strategically, the firm advises.
Public Funds Are Among Strongest Backers of ESG Resolutions
State and local pension funds favor environmental, social and governance shareholder resolutions at higher rates than do general shareholders, Morningstar research shows.
Cedars-Sinai Names Pasy Wang as First CIO
Wang leaves CalTech after nearly 13 years to take on newly created position at the health care nonprofit.
Welcome to September, the Worst Month for Stocks
Over the past three-quarters of a century, the market has lost an average 0.56% during the upcoming month, CFRA data show.
Robert Wood Johnson Foundation Seeks New CIO
The $12.7 billion foundation is looking to replace Brian O’Neil, who is retiring at the end of the year.