Commercial Real Estate Faces ‘Major Era of Change,’ per AFIRE Pulse Report
The survey also indicated that commercial real estate investors might have preferred the candidacy of President Joe Biden to Vice President Kamala Harris.
News
University of Chicago Endowment Returns 8.4% in Fiscal 2024
The gain raised the portfolio’s asset value to $10.4 billion, still trailing its $11 billion high from 2021.
PBGC Provides Financial Assistance to Pressroom Union Plan
The Graphic Communications International Union Pressroom Unions’ Pension Plan will receive $63.7 million from the Pension Benefit Guaranty Corporation.
Most LPs Wary of Sports Investments, Survey Finds
Despite growing popularity, 81% of PE fund investors reported that the risks of sports funds are too great, per a survey from Coller Capital.
Singapore’s Sovereign Wealth Fund Makes $7.5B Private Credit Move
Temasek seeks to capture global credit opportunities with a new wholly owned platform.
Kerry O’Brien Joins MetLife Investment Management
She is the firm's new global head of insurance asset management and liability solutions.
Hollywood Firefighter Pension Lawsuit Alleges Insider Trading by United Health Execs, Including Slain CEO
The late Brian Thompson, along with two other executives, were accused of dumping stock prior to February announcement of a DOJ antitrust investigation into the company.
Norges Bank Excludes UK Mining Firm Evraz for Aiding Russia’s War Against Ukraine
The world’s largest pension also excluded a telecom firm for aiding the expansion of Israeli settlements in the West Bank.
Trump’s SEC Nomination Draws Strong Reactions
The appointment of Paul Atkins as SEC chair, pending Senate confirmation, received predictably mixed reactions, with cryptocurrency a hot talking point on both sides.
New York State Pension Earmarks $850M for Private Equity, Credit Investments
The quiet month was preceded by a two-month, $7.6 billion investing spree.
Latin America Lags in Establishing Sovereign Funds, Report Finds
According to the International Forum of Sovereign Wealth Funds, countries in the region should look to ‘other emerging regions’ for guidance.
Most Pension Funds Intend to Increase Spending on Scenario, Risk Modeling Tools, per Survey
Pension executives reported confidence in their plans’ abilities to manage these processes, but there is room for improvement, according to Ortec Finance.
TIFF Appoints 2 Managing Directors to Client CIO Group
Chris Bunzel and Anne Duggan will join from Partners Capital as co-heads of custom asset allocation.
Trump Nominates Former SEC Commissioner to Top Job
Paul Atkins will be put up to replace Gary Gensler, bringing SEC experience from a Republican administration and support for digital assets.
Andrew Sullivan Named Next CEO of Prudential Financial
Sullivan, who oversees PGIM, will succeed Charles F. Lowrey in the role.