New York Pension Earmarks More Than $1B, Continues to Shun Public Equities
The New York State Common Retirement Fund has now gone nine of the past 11 months without allocating a dollar to public equities.
News
NextGen Leaders Point to Career Growth, Peer Recognition
Members of the annual CIO list of rising institutional allocators shared how the NextGen program has affected their career development.
Netherlands, Iceland, Denmark Named World’s Best Pension Systems
The A-grade countries’ retirement schemes deliver good benefits, are sustainable and have high levels of integrity, according to Mercer.
Stefan Strein to Receive CIO’s 2025 Versatility Award
The Cleveland Clinic CIO has set up a thriving generalist team that has also become an incubator for investing leaders.
BlackRock AUM Surges Past $13T, Alts Investments Double
The world’s largest asset manager saw year-over-year assets under management grow 17%, while client assets in alternative investments more than doubled due to recent acquisitions.
Andrew Palmer to Receive CIO’s 2025 Lifetime Achievement Award
The now-retired CIO of the Maryland pension system is regarded as a trusted mentor, a proponent of bringing investments in-house and an advocate for reducing volatility and increasing sustainability in public pension funds.
Tom Steyer’s Galvanize Sees Climate Transition as Major Opportunity
The impact investment firm, founded in 2021, has expertise and advantages across asset classes, according to its equities CIO, Seth Kirkham.
MIT Endowment Returns 14.8% in Fiscal 2025
Assets managed by the Massachusetts Institute of Technology Investment Management Co. rose to $27.4 billion.
Australia’s State Super Hires Frontier Advisors as Independent CIO
The consultant firm will employ the superannuation fund’s investment team and manage its portfolio, while the fund will take a ownership stake in the firm.
Sun Life Names Tom Murphy President of New Asset Management Division
The $1.1 trillion manager aims to accelerate its global growth.
Jacmel Partners’ Infrastructure Platform Names Shaquille O’Neal as Founding Partner
The alternative investment manager, which previously invested in the development of LaGuardia Airport, will join forces with the NBA champion to make impact investments.
SEC Changes Draw Mixed Reactions
While companies have gained flexibility, Oregon’s treasurer is worried about consequences and termed the Securities and Exchange Commission’s decisionmaking process ‘atrocious.’
Janet Dhillon Confirmed by Senate as PBGC Director
Dhillon was confirmed in a block of 108 appointees to various federal departments and agencies.
CalPERS Hires June Kim Away From CalSTRS as Deputy CIO for Public Markets
Kim will make the move on December 1 and take the spot previously held by Dan Bienvenue, who left in April.
CalSTRS Forms Climate Co-Investment Partnership With Carlyle Alpinvest
The California State Teachers’ Retirement System will broaden its access to private equity managers investing in climate solution opportunities.