Japan’s GPIF Wants to Minimize the Drawbacks of Investing in Alts
Research indicates replicating alternatives’ performance using ETFs could mitigate their shortcomings.
Pensions
Expect a Further Dollar Slide, But It’ll Be ‘Mild,’ Says Currency Sage
State Street’s Aaron Hurd sketches out for our symposium how to navigate a further decline for the buck.
Ontario Teachers’ Plan Acquires Brazilian Electricity Transmission Firm Evoltz
The purchase from asset manager TPG nets the pension fund seven electricity lines in 10 Brazilian states.
Pension Fund Increases Its Blockchain Technology, Bitcoin Allocations
CIO Katherine Molnar will speak at the CIO Symposium on May 12 with CIO Andrew Spellar.
Nevada PERS to Add Another Investment Officer
Steve Edmundson will no longer be the lone investment staff member at the $53.2 billion state pension fund.
UK’s Largest Private Pension Fund Commits to Net-Zero by 2050
The $93.9 billion USS said it hopes to reach its goal even sooner than the Paris Agreement target.
UK Parliament Launches Pension Industry Climate Inquiry
A committee seeks to examine government’s pension stewardship ahead of COP26 climate conference.
Ohio Retired Teachers Association Sues Ohio STRS for Transparency
The group says the $80 billion pension fund refuses to turn over public documents it needs to conduct an audit.
NYC Council Passes IRA Auto-Enrollment Bills
The legislation would establish a mandatory retirement savings program and a board to oversee it.
CPPIB to Invest in French Real Estate Credit
The Canadian allocator has placed a $222.5 million bet on commercial real estate properties.
Union Demands CPPIB Ditch Brazil Water Privatization Involvement
The acquisition and privatization of a Brazil public water firm are socially harmful and economically risky moves, says CUPE.
SEC Charges Hedge Fund Manager with $38 Million Fraud
Andrew Franzone allegedly used misappropriated funds to buy an airplane hangar for his race car collection.
Fintech CEO Pleads Guilty to COVID Loan Fraud
Sheng-Wen Cheng claimed celebrities, athletes, and even a deceased Penn State football coach were on his payroll.
Bill Seeks to Allow 403(b) Plans to Use Collective Investment Trusts
Supporters say CITs are a less expensive alternative to mutual funds.
Norway’s Sovereign Wealth Fund Beats Benchmark with 4% Return in Q1
The $1.34 trillion pension giant reported a quarterly investment gain of $44.6 billion.