Asset Allocation
Saudi Sovereign Wealth Fund Beefs Up With Chunk of Aramco Stock
Receiving 6% of the oil behemoth’s equity, the fund has a long-term goal of diversifying the economy away from oil.
News
Newsmakers
PensionDanmark CEO to Step Down in October
Torben Pedersen, the pension fund’s first employee and CEO, will leave the post after more than 30 years.
Regulation
Gensler Defends SEC Proposals at House Oversight Hearing
SEC Chairman Gary Gensler spoke about the importance of SEC regulation on climate disclosure, swing pricing and artificial intelligence.
Research
Debt Ceiling Stalemate: End Date for Washington’s Pay Ability May Arrive Sooner
The so-called ‘X-date’ could come in June instead of August, say studies by Goldman Sachs and Wrightson ICAP, based on lower-than-estimated federal tax receipts.
Pensions
Volatility Has Little Effect on Public Pension Funded Levels in March
The funded ratio of the 100 largest U.S. public pensions rose despite interest rate hike, banking failures.
Newsmakers
Bernstein Private Wealth Management Promotes Alex Chaloff to CIO
His co-head of investment and wealth strategies, Beata Kirr, leaves to join private investing firm The Copia Group.
Risk
How to Run Alt Investments: A Primer
A trade group for alternative investments lists best practices for the popular, wide-ranging asset class.
Asset Allocation
Japan GPIF Invests $3.7 Billion in Morningstar Gender Diversity Index
The index is designed to emphasize Japanese companies with strong gender and diversity policies.
Pensions
Global Pension Funds Fall Short of Private Equity Targets in Q1
CalPERS had the largest under-allocation, missing its target by more than $11.3 billion.
Market Moves
South Korean Pension Fund Will Buy US Dollars to Boost Sinking Won
The gambit is designed to help the nation’s currency in a deal engineered by its central bank.
Asset Allocation
Finnish Pension Fund Invests More Than $2 Billion in Climate-Focused ETF
Ilmarinen investment helps make the ETF launch the largest in U.S. history.
News
DOJ Comments On SEC Market Structure Proposals
The DOJ urged the SEC to consider all interactions with its four proposals when they are taken together, a concern shared by many in the financial industry.
Regulation
Representative Andy Barr Looks to Increase RIA Registration Exemption Amount
Proposed legislation would tie the amount of assets that require an adviser to register with the SEC, currently $150 million, to inflation for the first time.
Newsmakers
Princeton Endowment President, CIO Andrew Golden to Retire in 2024
During his 28-year tenure, the endowment has posted annualized returns of 12.6%.
Research
How to Measure OCIO Performance
A CIO panel explored different ways for allocators to assess their outsourced investment chiefs.