Asset Allocation
How 5 Of the World’s Largest Pension Funds Invest to Combat Climate Change
It’s trickier for some, like the Norwegian program, which is funded by North Sea oil.
News
Regulation
PBGC Provides More Than $1B to 3 More Ailing Multiemployer Plans
The plans were projected to become insolvent within 10 years.
Asset Allocation
Public Equities Buoy CalSTRS’ 6.3% Investment Return for Fiscal 2023
The pension giant’s public equity portfolio returned 16.7% for the year, but the overall portfolio fell short of its 7% target.
Asset Allocation
New York State Pension Fund Invests More Than $1.4B in June
Nearly half of the commitments were made to three private equity funds.
Regulation
PBGC’s Insurance Programs Are in Strong Financial Shape, Report Says
Both single and multiemployer programs are in the green for years into the future.
Asset Allocation
Offices Aren’t the Most Threatened Real Estate Sector—Apartments Are
Morningstar says multi-family’s finances are even more precarious.
Pensions
Pennsylvania PSERS Sues Aon Over Accounting Error
The pension fund accuses Aon of breach of contract, breach of fiduciary duty and negligence.
Corporate Moves
TCW Group Acquires Engine No. 1’s ETF Business
The San Francisco-based firm’s Transform platform manages more than $600 million in US equity ETFs.
Church of England Organizes $128M Fund Addressing Ties to Slave Trade
The investment and grant fund will focus on projects to help communities ‘adversely impacted’ by the ‘appalling evil’ of human bondage.
Newsmakers
California Pension Fund Names Gaurav Patankar CIO
The former head of Bloomberg’s alternative investment strategy joins the Merced County Employees’ Retirement Association.
Newsmakers
Australia’s Future Fund Names Ben Samild as New CIO
The sovereign wealth fund promotes a long-tenured investment veteran who had been deputy CIO since 2021.
Regulation
SEC Charges Hex Crypto Token Owner with Fraud and Offering Unregistered Securities
Richard Heart allegedly offered more than $1 billion in unregistered digital securities and stole $12 million in investor funds, according to the SEC
Newsmakers
Deadline Extended for 2023 Industry Innovation Awards Nominations
Consider nominating the asset owners, managers, consultants and service providers who are changing the industry for the better.
Asset Allocation
Investors See Opportunity (and Risk) in Frontier Markets
Digital transformation and urbanization are driving growth, as well as supply chain reshuffling.
Asset Allocation
Emerging Markets Remain Under Pressure
Investors looking for global diversification have had a tough time in recent years, but there are pockets of opportunity.