UK’s Nest Hires J.P. Morgan’s Campbell Global for Timberland Fund
The fund will seek timberland investments that promote sustainable forestry practices.
News
UK Chancellor Reeves Meets With Maple 8 Bosses on Implementing ‘Canadian Style’ Investing in British Plans
Reeves wants to learn lessons from Canadian plans on investing.
Institutional Asset Owners Returned 1.1% in Q2
Markets slowed in the period, according to the Northern Trust Universe tracking system.
UC Investments Reaps Big Returns From Index Fund Shunning Fossil Fuels, Tobacco
Some $1.3 billion of the University of California’s $16 billion fiscal 2024 investment gain came from one S&P 500 index fund.
Ontario Teachers’ Pension Leads $150M Venture Round for Credit Card Startup Bilt
Other funding sources included endowments at Vanderbilt and the University of Illinois.
Pension Fund Sues KKR, Alleging $500M Payout Had ‘No Value’ to Unitholders
The lawsuit claims the firm’s founders and executives breached their fiduciary duties and ‘wanted to enrich themselves.’
OMERS to Expand Investments in Italy With Acquisition of Transit and Advertising Network
The pension fund, along with DWS, will fully acquire Grandi Stazioni Retail.
Nova Scotia Fund Returns 7.93% in Fiscal 2024
Assets of the Nova Scotia Pension Services Corp., which oversees four pension funds, rose to nearly $10 billion.
NASCAR Considering Ban on Investment Stakes From Sovereign Wealth Funds
New charter agreements could also include rulings on private equity stakes, per reports.
Coinbase Unit Fined $4.5M in UK for Offering Crypto Trading to High-Risk Investors
The UK’s FCA alleged CB Payments’ repeated breaches of a voluntary requirement went undiscovered for almost two years.
Fresno Retirement Systems Announce 10.37% Pension Return
The fund outpaced its 9.89% benchmark with strong stock returns.
Stocks Tend to Zigzag Around Olympics, Says Ned Davis
They usually drop before the summer games, then recover, the research firm found.
SEC’s Best Takes Leave Again to ‘Focus on His Health’
Keith Cassidy will serve as interim acting director of the regulator’s examinations division, as Best takes second medical leave in a year.
Troubles Ahead? Allocators Say They Are Ready
In a Mercer survey, asset owners say they feel ‘resilient’ about market risk and inflation.
San Bernardino County Pension Announces Preliminary 9.3% Return in Fiscal 2024
The assets of SBCERA grew to $15.2 billion.