Pensions
Public Pension Funding Status Rose in 2022, NCPERS Says
The figure climbed to 77.8%, up 3 percentage points from the year before, a survey shows.
News
Risk
What Happens if US Debt Defaults? Just Short-Term Pain, Sages Say
Drawing lessons from history, any federal failure to pay should be a hiccup, albeit an expensive one.
Newsmakers
Norway’s Pension Giant Adds Chinese, Indian Firms to Exclusion List
Pension fund accuses AviChina, Bharat Electronics of selling military equipment to Myanmar’s armed forces.
Asset Allocation
Limping Commodities Poised to Soar Anew, Says Goldman
China’s reopening and worldwide lack of infrastructure for raw materials should power the revival, per the firm’s Jeff Currie.
Research
Investors Removed $111 Billion From Hedge Funds During 2022
Nasdaq eVestment’s hedge fund data showed that redemptions totaled $111 billion last year.
Manager Selection
Bridgewater Promotes Karniol-Tambour to Co-CIO
Formerly co-CIO of sustainability, she joins Greg Jensen and Bob Prince in managing the $150 billion hedge fund’s portfolio.
Asset Allocation
New York Common Earmarked More Than $1.1 Billion to Alts in December
The pension fund also terminated a nearly $500 million account with Rockefeller Asset Management.
Risk
Why Meta’s Stock Surges, Despite Skunky Earnings—A Harbinger for Tech?
Slammed in 2022, the Facebook parent and its Big Tech kin see their shares dazzle now, even if their financial performances haven’t.
Newsmakers
More Than 100 Investment Organizations Sign CFA’s Diversity Code
Top-flight entities, from CalPERS to Cambridge Associates, pledge to boost DEI and track their progress.
Newsmakers
Peter Branner Hired to Assume CIO Role at Abrdn
Abrdn, the Scotland-based global investment company, has appointed Peter Branner as CIO, effective May 1.
Manager Selection
CalSTRS Promotes 2 to Senior Investment Director Roles
Geraldine Jimenez will be responsible for public markets, while Mike DiRe will oversee private markets.
Newsmakers
LACERA Issues RFP for System’s Real Assets Emerging Manager Program
The $67.6 billion pension system is seeking a discretionary separate account manager to implement the Real Assets Emerging Manager Program.
Newsmakers
Preparing an Internal Successor Requires ‘Looking to the Future’
A case study on internal CIO succession, with Carol Tusch replacing Bob Hunkeler at International Paper.
Pensions
Canadian DB Pension Plans Lost Estimated 10.3% in 2022
The median loss was the highest reported since the 2008 financial crisis.
Risk
Ackman Applauds the Trashing of Adani, but Won’t Bet Against It
Famed activist investor lately is backing away from aggressive battles.