DB Plans Focus on Hedging Volatility, Evaluating Options
Some pension CIOs are adjusting their market scenario analyses to make sure their portfolios are well positioned to capture upside and avoid drawdowns.
News
Why AI Won’t Replace the CIO, But Will Redesign the Investment Office
The most important question is not whether an organization should experiment with AI, but whether the institution is prepared to govern what comes with it, writes a managing director from Michael Oak Advisors.
How Tax Policy Changes Are Altering Charitable Giving
A change to the corporate deduction threshold has contributed to a drop in donors, but those who give are picking up the pace.
UK Parliament Passes Pension Reforms Bill, Paving Way for Megafunds
The changes to the country’s pension system are set to become law.
Trump Stands to Make Money From CFTC Campaign Supporting Predictive Markets
The president’s Truth Social plans to provide event contracts trading, while one of his sons has been hired by prediction market operator Kalshi.
Impact Community Capital Promotes Andrew Zimmerman to CIO
Zimmerman will oversee investment strategy at the affordable housing debt manager.
Market Turmoil Sparked by Iran War Wiped Out $233B in Public Pension Funding
A 3.5% aggregate investment loss for the 100 largest public defined benefit plans in the U.S. sent their funded ratios sharply lower in March, according to Milliman.
Canada to Establish Sovereign Wealth Fund
The Canada Strong Fund will be seeded with $18.36 billion over the next three years, the country’s prime minister announced.
Dispersion Capture Ratio: A Framework for Measuring Institutional Performance
The new metric aims to measure implementation at the portfolio level.
Northern Trust Wealth Management Names Family Office CIO
Beata Kirr will oversee investment strategy for the firm’s global family office unit.
What Is Behind the Increased Institutional Adoption of ETFs?
A report from Cerulli Associates and Invesco dives into how allocators are embracing exchange-traded funds.
Bill Targeting Proxy Advisers Advances From House Committee
The legislation aims to curb required disclosures tied to political, social or environmental priorities unless they affect investment or voting decisions.
Strong Governance Frameworks Key to Keeping Endowments on Track
Clarity and deliberate process are needed to determine how and why certain investments might be excluded or divested and how outcomes are measured.
PGIM Hires New Insurance, Partnerships Leader
Brian Towers, formerly of Blackstone, will lead a team designing offerings to meet the complex needs of specialized investors.
Australia’s SWF Names New Investment Head
Richard Brandweiner, the chair of Impact Investing Australia, will take over as CIO of the country’s Future Fund on July 1.