Asset Allocation
New York State Common Retirement Fund Invests More Than $3B in May
Notable among the pension giant’s outlays was a $1 billion investment in a fund managed by Khosla Ventures.
News
Newsmakers
Ontario Teachers’ Pension Taps New Asia-Pacific Head
Bruce Crane has managed the Canadian pension fund’s infrastructure and natural resources investments in the region since 2020.
Market Moves
Inverted Yield Curve Nears Its First Birthday—and There’s No Recession
Some strategists say pandemic spending and other factors have severed the historic sequence.
Pensions
Pension Risk Transfer Costs Rose in May
Milliman index shows that insurers’ appetite for interest-rate risk may be waning.
Asset Allocation
Re-Mixing Asset Allocation: Insurers Decrease Bonds, Then Do a Partial Reversal
The industry also is expanding its exposure to stocks and alts, amid rising rates.
Asset Allocation
Insurers Tap Money Managers for Opportunities in Real Estate, Private Credit Markets
A recent surge in home construction has insurers eyeing investment opportunities in the single-family and multi-family residential sectors.
Asset Allocation
Stalled Venture Capital Funds Scramble to Find Cash for Impatient LPs
Lack of exits, as IPOs are infrequent, has VC managers selling part of their stakes to others, but at a discount.
Corporate Moves
Oaktree Capital CEO Jay Wintrob to Step Down in 2024
The $172 billion alts investment manager taps Robert O’Leary and Armen Panossian as co CEOs.
Regulation
Five Multiemployer Pension Funds Bailed Out By PBGC This Week, Totaling More Than $2 Billion
The PACE Industry and National Integrated Group Pension plans make up the bulk of that amount.
Newsmakers
CIOs Assess the Legacy of Harry Markowitz
Six investment chiefs discuss the legendary economist’s theory and its limitations.
Asset Allocation
Public Equities Drive CalPERS’ 3.2% Q1 Return
The pension giant’s portfolio rose to $452.6 billion, but missed its benchmark by more than 100 basis points.
Pensions
Funded Level for U.S. Public Pensions Slips to 73.7% in May
The 100 largest public plans saw an aggregate investment loss of 1% during the month.
Asset Allocation
CalSTRS Winnows Candidate List for China Equities Manager
Pension giant is seeking a better way to implement its China equity exposure.
Newsmakers
Pensionmark Creates New Chief Investment Officer Role
Nate Garrison will lead investment strategy for all of the group's financial services companies.
Newsmakers
Wespath Hires New Deputy Chief Investment Officer From Illinois SBI
Johara Farhadieh will succeed Dave Zellner, who plans to retire next summer from the Methodist Church pension and benefits arm.