Pensions
ATI to De-Risk Nearly $1.8B in Pension Obligations
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
News
Risk
Fighting Cyberattacks Requires Top-Down Approach
Speaker at CIO livestream says security has to be responsibility of the whole organization, not just the IT department.
Asset Allocation
Harvard Endowment Returns 2.9%, Outperforming Many Peers
Venture capital investments dragged down returns in a muted year for alternatives.
Pensions
CalPERS Selects Executive Search Firm to Identify New CIO
The system needs to replace CIO Nicole Musicco and hire a fourth lead investor in five years.
Asset Allocation
State Teachers Retirement System of Ohio Returns 7.55% in Fiscal 2023
Traditionally a strong performer for the pension fund, alternatives underperformed during the fiscal year.
Asset Allocation
Do Consultants Help Investment Returns?
A CIO Allocator Insights panel offers advice on dealing with outside advisers.
Asset Allocation
Ireland to Establish Sovereign Wealth Fund
The Irish government will also launch a fund focusing on infrastructure, climate, and nature.
Newsmakers
CEO of UK’s Pension Protection Fund to Depart by Year’s End
Oliver Morley will become CEO of the U.K.’s Money and Pensions Service.
Research
Liability-Driven Investing Survey Closing Friday
Please give us 15 minutes of your time today!
Asset Allocation
4 Ivy League Institutions Release Fiscal 2023 Endowment Results
Brown, Columbia, Dartmouth and Penn all improved their returns from 2022 but alternative investments dragged down returns.
Pensions
US Public Pension Funding Poised to Rebound in 2023 Reporting
However, only half of the state and local retirement systems exceeded their assumed rate of return for the year.
Regulation
New SEC Proposal Would Limit Bulk Discounts for Exchange Trading
Exchanges would be forbidden from offering volume-oriented rebates or pricing for broker/dealer agency orders.
Regulation
PBGC Updates Premium Rates, Guarantee Levels for 2024
Most measures are still tied to inflation, but SECURE 2.0 capped the variable rate for single-employer plans at 5.2%.
Manager Selection
Illinois Teachers’ Names Ghiané Jones as Deputy CIO
Previously an investment consultant with Meketa, Jones started in the newly created position on October 10.
Asset Allocation
Mature Asset Managers Increase Hedge Fund Market Share to 84%
Seward & Kissel’s annual report based on fund side letters attributed the gain to a fundraising advantage over newer firms trying to establish a toehold.