Illinois Police Pension Narrows Private Markets Consultant Pick to Albourne, Callan
IPOPIF plans to allocate 20% of its portfolio to alternative investments, up from no current allocation to these asset classes.
News
Our Story: Sharpening The Russell Family Foundation’s Philanthropic Tools to Help Drive Transparent Climate Action
CEO Kathleen Simpson explains the philanthropic organization’s method of adopting transparency and accountability.
Oregon Bill Would Ban State Pension Investments in Private Markets Funds Invested in Fossil Fuels
Senate Bill 681 would prohibit the state treasurer from renewing or making investments in private equity or other alternative funds which state an intention to invest in fossil fuels.
PSP Investments Names Infrastructure, Clean-Tech Boss Patrick Charbonneau as CIO
Charbonneau has been president and CEO of PSP subsidiary Canada Growth Fund Investment Management, which named Yannick Beaudoin as his successor.
US Pension Plan Managers Split on Primary Benefit of Private Assets
An Ortec Finance survey sheds light on what pension fund executives expect in the coming years.
ILPA Proposes New Private Equity Reporting Guidelines
The Institutional Limited Partners Association updates its templates for reporting and performance.
Maryland State Pension CIO Andrew Palmer Announces Retirement
Palmer, CIO of the Maryland State Retirement and Pension System since 2015, expects to step down this summer.
Direct Lending Default Rate Expected to Rise to 3% in 2025
KBRA anticipates an increase spurred by consumer sector defaults.
BPCE, Generali to Combine Asset Management Operations, Form $1.98T European Investment Giant
The combined firm would become the world’s largest insurance manager, with more than half of managed assets coming from pension and insurance clients.
Karyn Vincent, Senior Head of Global Industry Standards at the CFA Institute, to Step Down
Vincent, who is also the GIPS standards executive director at the institute, will leave that post at the end of January.
New York State Pension Commits Nearly $3B to Private Equity in November 2024
The New York State Common Retirement Fund earmarked $2 billion to a single Neuberger Berman fund.
BMO Pays $41M to Settle SEC Charges of Failing to Supervise ‘Sliver Bond’ Sales
According to the regulator, firm employees used misleading metrics to sell mortgage-backed bonds.
London CIV Names Jenny Buck as CIO
The appointment of the former Tesco pension CIO will be effective in early March.
R.B. Pamplin Corp. to Restore $20.6M in Pension Assets, Unwind Illegal Real Estate Investments
The Department of Labor concluded that Pamplin had used assets from its pension plan to acquire the company’s own real estate, exceeding limits under ERISA.
CPP Investments Forms $789M Industrial Real Estate Joint Venture
The partnership with Bridge Industrial will ‘target the acquisition and/or development of modern industrial facilities in supply-constrained markets across the U.S.’