News
PSP Investments Acquires 3 UK Airports for $1.94B
The Canadian pension will acquire AGS Airports, the operator of Aberdeen, Glasgow and Southampton Airports.
UK Chancellor Plans Britain’s Biggest Pension Reforms in Decades
Chancellor of the Exchequer Rachel Reeves proposed the consolidation of more than 80 local government defined contribution funds into pension ‘mega-funds’ in pursuit of Canadian- and Australian-style pension investing.
Corporate Pension Funded Status Ticks Up in October
Rising discount rates mostly offset both weak investment returns and declines in plan assets last month.
Olivia Mitchell to Receive CIO’s 2024 Lifetime Achievement Award
The Wharton professor’s research and efforts have changed public policy on pensions and brought attention to the importance of financial literacy.
Bond Market Volatility Expected to Persist
Significant changes from President-elect Trump’s fiscal policies are likely to have an impact into the second half of 2025 and beyond, bond market sources say.
Qatari Sovereign Wealth Fund Promotes Mohammed Al-Sowaidi to CEO
Al-Sowaidi had been the Qatar Investment Authority’s CIO for the Americas.
Invesco Pays $17.5M Fine to Settle SEC Greenwashing Charges
However, the future of ESG regulation in the U.S. is unclear under a second Trump administration.
Japan’s Structural Awakening
Where to find productivity after 30 years’ slumber, according to Nikko Asset Management’s chief global strategist.
Wall Street Year-End Bonuses Set to Jump for 1st Time Since 2021
Across roles, most finance professionals will see huge compensation increases this year, per a survey from Johnson Associates.
Japan’s GPIF Posts Worst Quarterly Loss Since Covid Outbreak
The pension giant lost 3.6% during the second quarter due to foreign bonds and falling domestic stocks.
Eduard van Gelderen Appointed Head of Research at FCLTGlobal
The appointment of the former PSP Investments CIO is effective December 15.
Sovereign Wealth Fund Group Elects New Leaders
The head of Morocco’s strategic investment fund was elected to chair the IFSWF for a three-year term.
Jacques Chappuis Appointed President, CEO of PGIM
Currently leading Morgan Stanley Investment Management, Chappuis will succeed David Hunt in May 2025.
Alberta Government Fires AIMCo Board, CEO
Concerns over costs led the provincial leadership to clean house and appoint Ray Gilmour as interim CEO.