Regulation
DOL Reopens Comment Period for New QPAM Proposal
A third comment period will remain open until April 6.
News
Asset Allocation
Norges Bank IM Names Malin Norberg Co-CIO of Asset Strategies
Norberg will share duties with Geir Øivind Nygård in the newly created position.
Regulation
SEC Reopens Comment Period on Cybersecurity Rule
If approved, the rule would require certain actors to notify the SEC of a significant cyber event within 48 hours.
Newsmakers
Despite Backlash, ESG Hiring Remains Elevated
Asset owners, consultants and asset managers are all engaged in an increasingly competitive fight for ESG talent.
Research
Sovereign Wealth Funds’ Views on Climate Evolving Rapidly
Report finds tenfold jump in SWFs that see addressing climate change as consistent with their mandate.
Asset Allocation
Korean National Pension Fund Loses More Than 8% in 2022
Despite downturn, the $684.5 billion fund’s losses were offset by an increased allocation to alts.
Regulation
SEC Proposes Updates to Cyber and Data Security Rules
One new rule from the SEC would update Reg SCI; the other would update Reg S-P, both to require more timely reporting of data breaches.
News
French Fume as Macron Bypasses Parliament to Pass Pension Reform
Widespread protests and no-confidence votes respond to move to force through legislation that increases the retirement age to 64 from 62.
News
Study: Activist Investors Too Often Fail
Ivy League reports contend activists frequently fall short in their objectives because they don’t play the long game.
Research
A New ‘Blueprint’ for Increasing Equity in Investing—and Why It Matters
Authors present their new Investor Blueprint for Racial and Economic Equity at NY Fed event.
Asset Allocation
Notre Dame Endowment Loses 6.9% in 2022
While a far cry from 2021’s 53.2% return, the pool outperformed its benchmark by 660 basis points.
Regulation
19 Republican States Create Anti-ESG Alliance
The coalition led by Florida Governor Ron DeSantis outlined its policy goals in relation to ESG.
Manager Selection
Robert Wood Johnson Foundation Hires May Ng as New CIO
The investing chief at the Annie E. Casey Foundation replaces Brian O’Neil, who retired.
Newsmakers
Sweden’s Largest Pension Loses More Than $1 Billion to U.S. Banking Crisis
Alecta says it held talks with Silicon Valley Bank in 2022 about liquidity concerns.
Asset Allocation
CPPIB, Silver Lake Acquire Qualtrics for $12.5 Billion
Canadian pension giant and private equity firm will buy out SAP’s majority stake for $18.15 per share.