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.
News
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.
Australia’s Prime Super Names McQueen as New Investments Head
Formerly head of Media Super prior to and during its merger, Michael McQueen will run investments for the multi-industry superannuation plan.
The Many Ways Tech Tools Impact Investors
Panelists speaking at CIO’s Cyber Cache event discussed the technology solutions and tools they find most useful in their investment operations.
Tom Darnowski Promoted to Americas CEO at Schroders
Currently global head of product strategy, Darnowski’s appointment is effective January 1.
Congressional Tax-Writing Committee Chairs Could Make Big Impact in New Congress
Control of the House remains undecided, while Idaho Senator Mike Crapo is in line to lead the Senate Committee on Finance.
Norges Bank Acquires 97.7% Stake in Silicon Valley Office Property
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
Stocks Surge on Trump Re-Election
GOP victories in the White House and the Senate open the door for tax cuts, deregulation and harsher trade policies.
Aon Adds $4.56B in OCIO Assets With 3 New Clients
A defined benefit pension administered by the company is among the funds outsourcing assets in its EMEA region.
Utilities, Real Estate Equities Fuel Canadian Pension Plans’ 5.1% Q3 Returns
The performance raised the plans’ year-to-date return to 9.6%.
Nokia Named Mercer as OCIO for US Retirement Plans
The telecom giant outsourced the investment of its defined benefit pension and defined contribution portfolios.