People Moves Roundup
Edgehill Endowment Partners hires Jason Raiti, Alpine gets new chiefs-in-training and analysts, and more.
News Archive: Aug - 2019
Market Moves
Ray Dalio’s Flagship Fund Takes a Rare Tumble
Pure Alpha, which clocked a 14% advance in 2018, has lost 6% thus far this year.
Risk
Norway Pension Giant Earns 2.95% in Q2 on Strong Equities, Fixed Income
Central Bank suggests adjusting GPFG's benchmark to increase North American equities.
Private Equity Steers Iowa PERS to 8.35% Return
Fund beats 2018 performance and assumed rate, but just misses benchmark.
Corporate Moves
Ex-Equip Super CIO Heads to LGIAsuper
Troy Rieck replaces retiring chief David Todd at Australian pension group.
Public, Church Pension Plans Face Similar Challenges
Alternative strategy seeks to increase returns, improve funded status, avoid ‘death spiral.’
Risk
Australia Future Fund Logs a Stunning 11.5% Return
Sovereign wealth fund’s assets grew to A$162 billion, as it overcomes a ‘complex investment environment.’
Corporate Moves
Ontario Teachers’ COO Leaves to Spearhead United Nations Pension Fund
Rosemarie McClean has spent more than 33 years at the Canadian pension.
‘Big Short’ Seer Spies New Bubble: Index Funds
Result: Small-cap and value stocks end up neglected, Michael Burry says.
Newsmakers
Top CIO Finalists and Managers Announced for December 12 Innovation Awards Gala
Leading asset owner and manager nominees to headline Dec. 12 ceremony and investors forum.
Market Moves
S&P 500 Dividend Yield Surmounts the 30-Year Treasury
The last time that happened was during the financial crisis, Bespoke says.
Regulation
Pension Funds Sue Novo Nordisk for $1.75 Billion over Alleged Collusion
Lawsuit claims pharmaceutical firm engaged in insulin price fixing, and misled investors.
Risk
AP3 Returns 10.8% in First Half of 2019
Despite strong returns, $38.8 billion fund underperformed benchmark.
Research
Private Equity Powers Public Pension Portfolios
For the seventh straight year, private equity is the top performer for US public pensions.
Corporate Moves
Merging Australian Supers Get a New CIO
Anna Shelley to head merged Equip Super and Catholic Super following Equip chief’s resignation.