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Newsmakers December 5, 2023

Chris Ailman Wins CIO’s 2023 Lifetime Achievement Award

The CalSTRS investment chief, a masterful financial strategist and well-regarded collaborator with peers, receives the honor at CIO’s Industry Innovation Awards.

Regulation December 5, 2023

DOL Inspector General Says EBSA Lacks Resources to Audit Pensions

Cybersecurity threats and limited audits were key concerns highlighted in a report by the inspector general.

December 5, 2023

Passive Strategies Poised to Take Mutual Fund, ETF Market Lead

Despite a ‘symbolic’ victory for passive expected in 2024, active remains dominant in the larger investing context, according to Cerulli.

Research December 5, 2023

How Asset Managers Can Harness AI to Boost Profits, per EY

They need to adopt and monitor artificial intelligence the right way or risk being left behind, according to the firm’s study.

Newsmakers December 5, 2023

New York Comptrollers Call Out eBay for Removing Unionization Language

The company removed from its human rights policy statement a passage pledging to respect workers’ rights to unionize after workers at a subsidiary voted to form a union.

Pensions December 5, 2023

Oregon Investment Council Releases Q3 Returns Ahead of Board Meeting

The fund returned 5.7% in the 12-month period ending September 30, trailing its benchmark’s 10.1%.

Alternatives December 4, 2023

Government Pension Fund Global Asks Parliament for PE Permission

Norway’s sovereign wealth fund made a request to the country’s ministry of finance to permit private equity investment estimated between $40 billion and $70 billion.

Newsmakers December 4, 2023

Acting CEO to Lead New Zealand Super

Paula Steed, general manager of strategy and shared services, will follow Matt Whineray and serve as acting chief executive of the $41.2 billion fund.

Research December 4, 2023

When Will Interest Rates Fall and by How Much?

UBS analysts think the Fed will need 6 months or so to realize it can ease, gradually slicing the central bank’s benchmark by a modest amount, up to 0.75 points.

Newsmakers December 4, 2023

Norges Bank, AP7 Named Co-Lead Plaintiffs in Silicon Valley Bank Lawsuit

The institutional investors lost a combined total of nearly $162 million from investments in the bank’s holding company, SVB Financial Group.

December 4, 2023

UAE Plans $30B Climate Fund With Partners BlackRock, Brookfield, TPG

The Alterra fund aims to invest $250 billion by the end of the decade, focusing on ‘global climate solutions’ in emerging markets and less-developed economies.

Manager Selection December 4, 2023

James Wesley Promoted to CEO of Nikko Asset Management Americas

Currently the deputy CEO, Wesley will replace the retiring Lawrence Prager in 2024.

Asset Allocation December 1, 2023

Hedge Fund Industry Maturing, Adapting as Investors Rebalance

Rising rates and volatility favor active management, while high cash rates put pressure on fees as year-end evaluations are made.

Asset Allocation December 1, 2023

What Is the Future of the 60/40 Portfolio?

Already a trope in transition, the traditional portfolio had a rough 2022, so modern-day allocators must evaluate all potential paths forward.

Pensions December 1, 2023

Mass PRIT Fund Returns Remain Up Despite Market Forces

Alternative investments helped the $95 billion pension fund outperform the markets in the most recent quarter, and the fund saw a $7.8 billion gain in the 12-month period that ended September 30.