Newsmakers
Illinois SURS CIO Doug Wesley to Retire
A replacement is expected to be named in November to allow for a transition period before Wesley’s departure in March 2024.
News
Asset Allocation
Words of Wisdom
The Class of 2023 Knowledge Brokers draw on their collective decades of experience and offer actionable advice for success (investment and otherwise) in tumultuous times.
Asset Allocation
Will Market Volatility Continue in 2024 and Beyond?
Class of 2023 Knowledge Brokers anticipate what successful investing in turbulent times will look like.
Asset Allocation
Tepid Turnaround Seen for Alts, Once Investors’ Darlings
AUM growth decelerates and fundraising softens, Preqin reports.
Asset Allocation
Pennsylvania PSERS Reports Preliminary 3.54% Return for 2023
The $72.8 billion pension fund also launched a new strategic plan and hired an external derivatives manager.
Alternatives
Schroders Capital Launches $30B Credit and Debt Business as Asset Owners Flock to Alts
The new unit will deal in real asset debt, structured and corporate credit, specialty finance and impact lending.
Asset Management Culture
At Fidelity, AI Provides Extra Eyes to Spot Red Flags
The artificial intelligence application Saifr uses natural language processing to help portfolio managers, sales and other staff review public-facing communication.
Asset Allocation
Q3 Another Stinker for M&A, but It May Set Table for Sizable Rebound
Lower valuations and lots of unspent cash are the ingredients for an eventual upturn, says PitchBook.
Pensions
Canada Pension Plan Increases Green, Transition Investments by 20% to C$79B
The pension fund also said its internal operations have reached carbon neutrality for scope 1, 2 and 3 emissions.
Research
Why a Slowdown Might Not Be Too Bad, CIOs Say
At a Franklin Templeton webinar, finance chiefs describe corporate America’s strengths.
Asset Allocation
Proposed Amendment to Texas Constitution Would Create Endowments for Smaller Schools
Universities other than the state’s two flagship institutions would benefit from the proposition.
Asset Allocation
Cornell Endowment Returns 3.6% in Fiscal 2023
With a return ranked 2nd in the Ivy League this year, the university reported a net investment gain of $355 million.
Regulation
Local 210’s Plan Receives $49.3M PBGC Grant
The New York-based plan was projected to become insolvent in 2026.
Research
CFA Institute Produces Plan to Gauge OCIO Performance
The framework, now out for comment, calls for extending GIPS to outsourced investment managers, with rules for things like fee disclosures and benchmarking.
Asset Allocation
Florida State Board of Administration Reducing Allocation to Stocks
The state’s allocation to alternatives will increase in the newly adopted investment plan.