Newsmakers
Maryland Retirement Agency Hires Deputy CIO
Thomas Kim has joined the $67.7 billion Maryland State Retirement and Pension System.
News Archive: Aug - 2024
Pensions
Crown Holdings to Transfer $740M in Pension Liabilities to MassMutual
The packing products supplier will offload liabilities for 12,000 plan participants.
Regulation
SEC Postpones Mutual Fund Swing Pricing and Hard Close Proposals
The regulator's decision offers relief to mutual fund managers, despite some added reporting requirements.
Asset Allocation
Active Investing Will Boost Endowment Growth Over Other Institutional Investors, Cerulli Forecasts
A new report projects endowment assets will grow 7.9% over the next five years, compared with 4.7% and 4.2%, respectively, for public and corporate defined benefit plans.
Pensions
New York State Common Makes Climate Deals With 5 Portfolio Companies
The agreements with five portfolio companies include energy transition reporting disclosures.
Newsmakers
Dave Zellner Appointed Executive Chair of FaithInvest
Zellner recently retired after 27 years as CIO of Wespath Benefits and Investments.
Asset Allocation
Macalester College Endowment to Outsource Investment Management
The school is shuttering its internal investment office and transferring its duties to management firm Investure.
Market Moves
Where Is the 10-Year Treasury Yield Headed? It’s Hard to Say
As the Fed prepares to lower short-term rates, the T-note confounds predictions due to its recent volatility.
Pensions
New York State Pension Earns 1.4% in Q1 of Fiscal 2024
The New York State Common Retirement Fund’s asset value remained unchanged at $267.7 billion due to $4.2 billion in payouts.
Asset Allocation
NBIM Commits 900M Euros to Renewable Energy Fund
Copenhagen Infrastructure Partners CI V will invest in wind, solar energy, energy distribution and storage.
Newsmakers
TMRS Appoints 3 New Private Market Leaders
Philip Hunter O’Brien, Amol Deshpande and Isidora Stankovic are joining the $40 billion Texas fund.
Asset Allocation
CDPQ, Canada Growth Fund Invest in MKB Energy Transition Fund
The funds, alongside BDC Capital and IQ, will allocate C$145 million to the MKB Partners Fund III.
Asset Allocation
Equities Fuel Kentucky Teachers’ Pension’s 12.3% Fiscal 2024 Gains
The TRS’ annuity trust’s asset value grew to nearly $26 billion despite missing its benchmark by more than 150 basis points.
Risk
Cyber Attackers Targeted 10% of Russell 3000 Companies in 2022-23, Study Says
Many corporations outsource their IT functions, which makes them especially vulnerable, an ISS report finds.
Pensions
CDPQ Returns 4.2% in First Half of 2024
The returns raised the Canadian pension fund’s assets to C$452 billion, but its performance fell short of its benchmark’s 4.6% return.