Allocators’ Biggest Worries? Finding the Best Data and Tools—and ESG
Macro concerns like wars also loom large for them, a Morningstar survey finds.
News
Dutch Pension ABP to Partner With Network Provider KPN on Tower Company Joint Venture
The duo will manage the joint venture’s telecommunications assets under TowerCo.
Corporate Pension Plan Funded Status Shows Continued Improvement
May saw a decline in discount rates, while equity markets maintained high funding levels.
How the Fed’s Balance Sheet Reduction Could Thwart Easing of Policy Rate
Lowering its stash of long-dated bonds would have an impact on long-term yields, BlackRock finds.
Large Institutional Investors Rally Against Tesla Pay Package
NBIM, CalSTRS among funds voting against $56 billion pay package for executive Elon Musk.
Bryn Mawr Capital Management Names Bank of New York Mellon’s Jasmine Yu CIO
Yu joins the WSFS Financial-owned firm to lead its investment strategy and solutions team.
Good News: Earnings Log Best Growth Rate Since Post-Pandemic Surge
S&P 500 profits are headed for a good 2024, a FactSet survey shows.
CalPERS Returns 3.3% in the First Quarter, Decreasing Size of Buyouts in Portfolio
Assets of the US’s largest pension fund reached $495.3 billion at the end of Q1 as the fund prepares to increase its allocation to alternatives.
UN Pension Fund Earns 2.42% in May, up 3.29% Year to Date
The $91 billion pension fund’s performance was led by public equity, which returned more than 4% last month.
Dustin Antonini Is Named CIO of Saskatchewan Healthcare Pension
The appointment of the investment chief is effective immediately.
Thomas Leone Appointed CIO of Insurer Sompo
The new officer joins from PartnerRe, effective date: October 1.
Alex Bacchus Appointed Acting CIO of NZ Super
Bacchus will step in for Stephen Gilmore, who is leaving for CalPERS.
Pension Risk Transfer Premiums Reach $14.6 Billion in Q1
146 contracts were sold in the quarter, a 26% increase from Q1 2023 and an all-time record.
PBGC Grants $90M to 2 Multiemployer Plans
1 plan was in the entertainment industry and the other in the service industry.
Wilshire Releases Diverse-Owned Manager Report
The sixth annual report finds that Wilshire’s diverse clients more than doubled since 2018.