Nest to Acquire 10% Stake in IFM Investors in Alts Buildout
The U.K. pension scheme aims to invest $6.24 billion through IFM by 2030.
Pensions
GPIF External Managers Rank Microsoft, Enel Tops for Climate Disclosure
According to the $1.68 trillion Japanese pension giant, Microsoft “is undoubtedly a leader on climate reporting.”
Canadian Pension Funds Returned 10.6% in 2024
Institutional defined benefit plans returned 1.5% in the year’s fourth quarter, according to Northern Trust.
Proposed Kansas Bill Would Authorize KPERS Allocation to Bitcoin ETFs
Senate Bill No. 34 would permit the $27.3 billion Kansas Public Employees Retirement System to invest up to 10% of its portfolio in digital asset exchange-traded funds issued by a Kansas-registered company.
Sanofi, Legal & General Complete $1.74B Annuity Buy-In
The plan’s second transaction with L&G kicks off 2025, which could be another record year for pension risk transfer volume.
UK Explores Reforms Allowing Pensions to Invest Surplus Assets
The changes could unlock $200 billion that could be applied to different projects.
Australia’s Hostplus Names Deputy Co-CIO
The hospitality industry superannuation fund promoted Susan Orr from within.
Dutch Pension Fund Seeks Divestment from BlackRock
PME Pensioenfonds is considering the future of the 5 billion euros it has with the asset manager after it left the Net-Zero Asset Managers Initiative.
Illinois Police Pension Narrows Private Markets Consultant Pick to Albourne, Callan
IPOPIF plans to allocate 20% of its portfolio to alternative investments, up from no current allocation to these asset classes.
Oregon Bill Would Ban State Pension Investments in Private Markets Funds Invested in Fossil Fuels
Senate Bill 681 would prohibit the state treasurer from renewing or making investments in private equity or other alternative funds which state an intention to invest in fossil fuels.
US Pension Plan Managers Split on Primary Benefit of Private Assets
An Ortec Finance survey sheds light on what pension fund executives expect in the coming years.
New York State Pension Commits Nearly $3B to Private Equity in November 2024
The New York State Common Retirement Fund earmarked $2 billion to a single Neuberger Berman fund.
R.B. Pamplin Corp. to Restore $20.6M in Pension Assets, Unwind Illegal Real Estate Investments
The Department of Labor concluded that Pamplin had used assets from its pension plan to acquire the company’s own real estate, exceeding limits under ERISA.
CPP Investments Forms $789M Industrial Real Estate Joint Venture
The partnership with Bridge Industrial will ‘target the acquisition and/or development of modern industrial facilities in supply-constrained markets across the U.S.’
PBGC Approves $868.6M SFA Grant to Unite Here Retirement Fund
The White Plains, New York-based plan covers 91,744 participants in the hospitality industry.