Illinois SURS Looking to Hire New CIO
The $22.6 billion pension fund is also seeking investment analysts for fixed income, equities and real assets.
Pensions
Cybersecurity Breaches at UK Pensions Soar More Than 4,000% in 1 Year
The number of reported attacks on all British financial firms triple, with the pension sector seeing the biggest increase.
Alecta Board Chair Ingrid Bonde Resigns
The Swedish pension fund fired its CEO and replaced its head of equities earlier this year after losing $2 billion from the collapse of Silicon Valley Bank.
NYU Endowment CIO Kathleen Jacobs Steps Down
Jacobs left NYU to pursue an unspecified new opportunity.
How Private Equity Firms Can Protect ‘Treasure Trove’ From Digital Threats
With risks everywhere, responsibility for cybersecurity can be shared between financial services firms and their portfolio companies.
DC Pensions in UK Will Soon Be Required to Disclose Illiquid Asset Policy
Beginning October 1, trustees must include the asset class breakdown for each of their plan’s default arrangements.
Pennsylvania SERS Will Join Pilot Project to Combat Securities Fraud
NCPERS Securities Fraud Recovery Services aims to help members recover damages from securities fraud.
Norway’s SWF: Stop Talking, Take Action on Climate Transition
The $1.4T Norges Bank Investment Management has increased its climate expectations for more than 9,000 companies in its portfolio.
South Carolina Retirement System Invested $300M in Private Equity, Private Credit Funds
The pension fund added new investments in private equity despite being over the allowed target allocation.
University of Virginia Endowment Return Misses Benchmark by 10.3 Percentage Points
According to UVIMCO, its developed market managers ‘were not able to fully capture the strong gains seen in domestic equities.’
PBGC Updates Address for Overnight Delivery of Paper Checks
The mailing address change for paper premium-payment checks is effective October 6.
Hawaii ERS Misses Benchmark, Target Rate With 2.6% Return in Fiscal 2023
The pension fund increased its asset value to nearly $22.3 billion for the year that ended June 30.
Canada Pension Plan Promotes Manroop Jhooty to Head of Total Fund Management
Jhooty will lead the team responsible for implementing the C$575 billion pension fund’s investment framework.
New York Common Pension Fund Looking to Hire Senior Investment Officer
The position will report to the director of emerging managers, while the pension giant is also seeking an assistant counsel for investments.
Alberta Threatens Breakaway From Canada Pension Plan
Provincial leaders want more independence from the federal government and commissioned a report to study potential financial terms of a separate fund.