Corporate Moves
Prudential’s Asset Management Unit Names HSBC’s Vis Nayar CIO
Nayar leaves HSBC after more than 25 years at the company.
News
Asset Allocation
Managers’ Risk Appetite Bounces Back Sharply in February
Investors see the U.S. macroeconomic environment at its most encouraging to equities in years, according to S&P Global.
Market Moves
Why Allocators Do Badly When Selling Stocks
Placing too much emphasis on buying assets results in leaving money on the table once they divest, says strategist Ervolini.
Asset Allocation
Norges Bank Reports Early Signs of Success in 1st Year of Climate Action Plan
A growing number of portfolio companies held by Norway’s $1.5 trillion sovereign wealth fund are adopting net-zero targets.
Pensions
CDPQ Announces 7.2% Return in 2023
Assets of the Quebec pension investment manager grew to $321.72 billion.
Research
Strong Multiemployer Pension Funding Mostly Due to SFA Grants, Asset Performance
The two factors contributed approximately even amounts toward improved funding levels.
Opinion
Commentary: Energy Transition Wave to Dominate Investment Landscape
A huge wave of change will create substantial risk and opportunity for institutional investors across geographies, sectors and asset classes.
Newsmakers
Katharine Krieger Appointed CIO of J. Paul Getty Trust
Krieger, CIO at the Broad Foundation, will replace James Williams, who is retiring.
Newsmakers
Jon-Michael Consalvo Appointed CIO of Carnegie Corp. of New York
The 2022 CIO NextGen will begin the new role on March 1.
Market Moves
Nvidia Shows ‘Em: Explosive Results Boost Nervous Market
Before the chipmaker’s earnings release, stocks had been down.
Pensions
NYC Comptroller: Major Banks Neglect Their Own Net Zero Goals
Three of the city’s pension funds filed shareholder proposals seeking greater fossil-fuel transparency at six of the largest banks in North America.
Asset Allocation
Move Over, Magnificent 7, as Other Stocks Rise to Glory
Prosaic financials and industrials perform like tech hotshots, Truist notes.
Pensions
Puerto Rico Pension Reserve Trust Seeks Multi-Asset Strategy Managers
The underfunded pension fund appears to be shifting away from its fixed-income heavy portfolio.
Pensions
Can the Canadian Model Be Improved?
A new study by PSP CIO Eduard van Gelderen, “On the Sustainability of the Canadian Model,” aims to find improvements to the investment model.