Corporate Moves
Wilshire Completes Acquisition of Lyxor Asset Management
The U.S. arm of the French asset management firm will spur Wilshire’s growth in ‘key area’ of alternatives.
News
Risk
The Bear POV: Amid All the Good Feelings, What Could Go Wrong?
The S&P 500 is nearing its peak, but here is the case made by several prominent Wall Street seers for why things can go awry.
Manager Selection
Chad Tredway Rejoins JP Morgan Asset Management as Head of Real Estate Americas
Tredway will succeed Mike Kelly in the role.
Asset Allocation
Saudi Arabia’s Sovereign Wealth Fund Acquires 10% Stake in Heathrow Airport Owner
The deal includes French private equity firm Ardian acquiring a 15% stake in FGP TopCo, leaving the Qatar Investment Authority as the largest shareholder.
Pensions
PensionDanmark Sells Tesla, Puts It on ‘Exclusion List’ Over Union Dispute
The car manufacturer is refusing to enter into a union agreement in adjacent Sweden.
Asset Allocation
PMT Energy Program Starts With 49 Oil and Gas Firms, Ends With 9
The $80 billion Dutch pension fund defends keeping shares of BP and Shell after 2-year and says talking to companies is often more effective than divestment.
Asset Allocation
AP7 Adds 2 Chinese Firms to Blacklist Over Large-Scale Coal Production
Three companies were removed from the list, which now totals 106 excluded companies.
Newsmakers
Boeing’s Elizabeth Tulach Soars as 2023 CIO of the Year
The investment chief received the honor at CIO’s Industry Innovation Awards ceremony.
Asset Allocation
Growth or Funding Preservation?
How higher interest rates are changing the investment objectives of fully funded pension funds.
Asset Allocation
Long-Duration Corporates Will Pay Off When Fed Eases, Janus Henderson Says
Buying the bonds now is a good arb play amid talk of lower rates in 2024, the firm believes.
Corporate Moves
Mercer to Acquire Vanguard OCIO Business
Vanguard Institutional Advisory Services, its employees and clients will become part of Mercer next year.
Regulation
How Pensions Work for Members of Congress, Expelled or Otherwise
Generally, members must complete at least five years of service to qualify, which George Santos did not.
Newsmakers
CAIA Association Appoints Current EVP John L. Bowman as President
The promotion is effective in early 2024, as current president William Kelly will step down but retain his status as CEO.
Asset Allocation
Why Small-Caps May Finally Bust Out of Their Torpid State
Lower rates, domestic orientations and history could produce a turnaround, Lazard says.
Newsmakers
CIO Announces 2023 Industry Innovation Award Winners
The allocators driving change and enhancing institutional fund performance and the service providers driving innovation in institutional investing were recognized at the annual Industry Innovation Awards dinner.