News Archive: Apr - 2023
Princeton Endowment President, CIO Andrew Golden to Retire in 2024
During his 28-year tenure, the endowment has posted annualized returns of 12.6%.
How to Measure OCIO Performance
A CIO panel explored different ways for allocators to assess their outsourced investment chiefs.
Anti-ESG Bills Progressing in Kansas, South Carolina Legislatures
The Kansas bill, which has reached the governor, would reduce the state pension by $3.6 billion and cut its funded level by 10%, a fiscal analysis says.
Founder, Former CIO of Infinity Q Sentenced to 15 Years
Ohio and Texas pension funds were among investors who lost millions as a result of James Velissaris’ fraud.
SEC’s ESG and Climate Task Force Levies First Enforcement Action
Will Private Equity Get a Piece of Pro Football?
If NFL owners allow it, the buyout bunch would be dipping into a lucrative pool.
Blackstone Raises Record $30.4 Billion for Real Estate Fund
The private equity giant has shifted from offices and malls to logistics, rentals and hospitality assets.
Alecta Fires CEO as Fallout Continues From $2 Billion Banking Losses
Magnus Billing lost the confidence of the pension fund’s board, and Katarina Thorslund has been named acting CEO.
Recent SEC Proposals to Come Under Scrutiny of Financial Services Committee
The full House Committee on Financial Services has scheduled an oversight hearing for the SEC next week, when climate disclosure will likely be a high priority.
Goldman: Artificial Intelligence Will Boost Global GDP by 7%
There will also be a job-loss toll, but, as in previous technology leaps, many displaced workers will fit into newly created positions, the firm’s study says.
UK Launches Green Finance Strategy
The British government hopes to raise more than £1 billion annually toward reaching net zero by the end of the decade.
Gold’s Price Nears Record High, Driven by Uneasiness
Shaky banks and other worries propel the haven investment upward.
