Newsmakers
CPPIB Reports 6.8% Net Returns
The fund also highlighted some of its largest individual investments over the past fiscal year.
News
Asset Allocation
Asset Allocators Want to Boost Their Stakes in EM Debt, Says Vontobel
Some 60% of U.S. institutional investors aim to up their exposure over the next two years, per a study.
Manager Selection
Elizabeth Burton to Step Down as CIO of Hawaii ERS
After more than three years leading the $22.5 billion investment portfolio, Burton is leaving due to personal and family considerations.
Risk
Is the Market Slide’s End Near? Maybe So, Says BofA
Large departures of money from retail funds could mark capitulation, per the bank’s chief strategist.
Asset Allocation
MIT Investment Arm Reflects on Allocation Strategy
Fifteen years on, MITIMCo’s unique investment model highlights changes underway in endowment investing.
Manager Selection
Ex-LACERA Chief Kushner Named as CIO of Austin Fund
The Texas city’s retirement plan has been chronically under-funded.
Newsmakers
Allianz Global Investors to Repay Over $5 Billion for Securities Fraud
The strategy was sold to approximately 114 institutional investors.
Manager Selection
Shoaib Khan Appointed as CIO and Permanent Director of New Jersey’s Division of Investments
He is the first CIO to be hired after New Jersey scrapped its CIO salary cap law.
Newsmakers
Firm Charged With Defrauding Disabled People Using Fake Trusts
The SEC alleges that Synergy Settlement Services used funds from deceased beneficiaries’ accounts for golf tournaments and beach parties.
Risk
Why Bother With Market Forecasts If They Usually Are Wrong?
These auguries of where stocks may be headed serve a purpose, say market savants.
Newsmakers
PSERS Considers Suing Aon for Miscalculating Returns
The pension fund has hired law firm Blank Rome to look into potential litigation.
Newsmakers
You Thought Musk’s Twitter Quest Was Iffy? Check Out These New Snags
Spawning more doubts: the shortfall on its stock price, a federal probe and a pension program lawsuit.
Manager Selection
NYC’s Comptroller Is Launching an Internal Review Following Former CIO’s Move to Asset Manager
Alex Doñé must wait at least a year after leaving before he can pitch former colleagues.
Asset Allocation
State Pensions Are in the Black, But Red May Be Ahead
For state pensions, funded status has increased, but meeting return expectations may still be a challenge.