Korean Sovereign Wealth Fund Appoints Park Il Young as CEO
The executive moves from the World Bank Group for a three-year appointment.
Pensions
CDPQ Acquires 25% Stake in Engie-Owned UK Hydroelectricity Provider
The C$452 billion pension fund bought the stake in a deal with Brookfield Asset Management.
CDPQ to Build Forestland Portfolio in US Pacific Northwest
The Québecois pension plan will take a stake in asset manager Chinook Forest Partners as part of a new investment platform.
Penn SERS Earns 5.2% During 1st Half of 2024, 1.3% in Q2
The retirement system also hired RVK as the general investment consultant for its pension plans.
Shell to Outsource $30B Pension to BlackRock
The OCIO transaction will cover 30,000 members of Stichting Shell Pensioenfonds.
CalSTRS Promotes 2 to Investment Director
Rosie Lucchesini-Jack and David Murphy were appointed as directors of fixed income and global equity, respectively.
AIMCo Promotes 2 Executives to Replace Outgoing CIO
Marlene Puffer will depart as CIO of the C$168.9 billion Alberta pension fund.
Public Pension Funds Recovering From Pandemic-Era Staffing Issues
Salaries increased 4.9% year over year, according to an NCPERS 2024 compensation survey, with total compensation up even more.
India Creates Hybrid Government Employee Pension Fund
The Unified Pension Scheme will be a combination of a defined benefit and defined contribution pension plan.
San Diego County Pension Returns 11.3% in Fiscal 2024
Assets have grown to $17.7 billion at SDCERA, which announced a new allocation to an alternative credit fund.
International Centre for Pension Management Celebrates 20 Years
The organization, which started out within the University of Toronto, has grown to a network of the largest institutional funds.
With Assets at $11.2B, UK’s Nest to Make Domestic Investments More Transparent
The defined contribution pension plan expects to have more than $26 billion invested in the U.K. by 2030.
Rate Cuts Unlikely to Affect PRT Market in Short Term
Funds are more sensitive to long-term rates, upon which the Federal Reserve’s action will have little impact.
Seesaw Markets Force NYSLRS to Raise Employer Contribution Rates
‘Volatility in investment income translates into volatility in employer contributions,’ according to the chief actuary at the New York State and Local Retirement System.
CDPQ Acquires $546M Stake in Ohio Electric Utility
The Quebec pension fund’s indirect equity investment in AES Ohio is expected to close in the first half of 2025.