Newsmakers
Princeton Names Vincent Tuohey Next Endowment President
Tuohey will take over at PRINCO when Andrew Golden retires next year.
News
Regulation
Israel-Hamas War Puts Cryptocurrency in CFTC, Treasury Crosshairs
Federal regulators speaking at a SIFMA conference noted crypto’s role in illicit finance, including in the war in Gaza.
Asset Allocation
Why Oil Stocks, Slipping Now, Have a Bright Future
The industry will be needed to bridge the long transition to net-zero from now to 2050, JPM says.
Asset Allocation
Korean Pension Giant Acquires Stake in US Private Equity Real Estate Firm
The $750 billion National Pension Service’s investment provides it with an undisclosed minority interest in San Francisco-based Stockbridge Capital.
New Definitions Proposed for Responsible Investing
CFA Institute-led group seeks to provide verbiage for investors that promotes unifying around common, accurate and consistent definitions for responsible investment practices.
Asset Allocation
An EM Rebound—and It’s Not All About China
Why emerging markets, now in the doldrums, will come back, per Lazard.
Newsmakers
Illinois SURS Hires Michael Schlachter as New CIO
Schlachter will replace Doug Wesley, whose retirement was announced recently.
Regulation
District Court Upholds PBGC Denial of Restored Pension Fund’s Grant Application
Local 550’s plan was terminated in 2016 and restored itself in 2022 before applying for a special financial assistance grant, which was denied.
Pensions
Median Canadian Pension Plan Loses 3.7% in Q3
But median pension plans north of the border are up 1.6% year to date, according to Northern Trust.
Asset Allocation
EDHEC Institute Warns UK Pensions Against Investing in Infrastructure
Report says ‘remarkably poor and unreliable’ data on the asset class is a stumbling block for defined benefit plans.
Asset Allocation
Alaska Permanent Fund Eyes Path to $100B AUM
The program, currently at $78 billion, reviews plans to increase its risk in pursuit of higher returns.
Market Moves
Will Microsoft Overtake Apple in Market Cap Sweepstakes?
The iPhone maker faces hurdles, while its rival appears to have a smoother path.
Regulation
Proxy Voters, ESG Groups Continue to Face Congressional Scrutiny
Advisory service providers and a decarbonization nonprofit were served with subpoenas by the House Judiciary Committee.
Newsmakers
Investment Chiefs Remember Byron Wien, Legendary Wall Street Seer
Famous for his predictions, the celebrated investing strategist died at 90.
Regulation
European Regulator to Revise Pillar 1 to Include ESG Risk
Investment firms are being told to accelerate their integration of environmental and social risk into capital requirements.