Wyoming State Treasury CIO Fleming to Retire in June 2025
The head of the $30 billion sovereign fund, Patrick Fleming started when the treasury was a ‘one-man shop’ in 2014.
News
New York Common Earmarks Nearly $3B in Investments in August
The $268 billion pension fund allotted the bulk of its commitments to public equities, real estate, and credit investments.
Royal Mail Finally Launches Britain’s 1st CDC Pension Plan
The debut comes nearly a decade after collective defined contribution pension plans were first proposed in the U.K.
Stanford Investment Vehicle Returns 8.4%
In fiscal 2024, assets of the Stanford merged pool, about 75% of which come from the university’s endowment, rose to $42.8 billion.
Investors Should Understand ‘How the System Works for You,’ per CFA Institute Head Franklin
In a wide-ranging conversation, Margaret Franklin shares ‘essential principles’ and her thoughts on private markets, artificial intelligence, responsible governance and more.
US Public Pension Funds Achieved 1-Year Returns of 9.7% in Q2
The top 5% of performing funds returned just below 13%, according to Nasdaq eVestment’s CIO Quarterly.
SEC Monitoring Effects of Hurricane Milton on Capital Markets
The agency will evaluate granting relief from filing deadlines to firms affected by the hurricane.
Michelin Pension Completes $1.96B Annuity Buy-In With Aviva
The pension risk transfer will cover the liabilities of 15,000 plan participants.
Plan Sponsors Increasingly Seek to Divest All DB Liabilities Amid Corporate Scrutiny
Some 93% of companies with de-risking plans expect to completely divest their defined benefit liabilities, according to a MetLife survey.
Ares to Acquire Real Estate Asset Manager GCP International
The deal will double Ares Real Estate’s assets to $96 billion.
Caltech Hiring for Next CIO
Scott Richland, the California Institute of Technology’s current CIO, will step down in December after 14 years managing its endowment.
Australia’s QIC Makes History With Shopping Mall Sale
The deal marks the first Australian investment by U.S.-based real estate manager Hines.
Duke Endowment Returns 8.0% in Fiscal 2024
Assets of the DUMAC rose to $11.9 billion at the end of June.
Deadline for PBGC Premiums Is Approaching
The due date for premiums is on October 15; roughly 450 plans still have the opportunity to recover $800 million in 2023 premiums.
Russell Investments Adds Heier to Lead Institutional Client Service
Previously at Verus Investments, Shelly Heier steps into a new role at Russell.