Risk
Not Such a Small World After All, CIOs Say
Institutional investors last week cited deglobalization as a concern when making asset allocation and investment decisions.
News
Newsmakers
Ontario Teachers’ Pension Plan Names Anna Murray Head of Sustainable Investing
The former head of ESG at Sun Life Capital Management will lead the $178.6 billion pension fund’s climate strategy.
Newsmakers
Vanguard Withdraws from Net Zero Group After State Pressure
Utah attorney general takes credit for getting Vanguard to review its relationship with Net Zero Asset Managers initiative.
Newsmakers
Central States Multiemployer Pension Plan Receives $35.8 billion in PBGC Assistance
The Pension Benefit Guaranty Corporation has approved the Special Financial Assistance application from the Central States, Southeast & Southwest Areas Pension Plan. The Central States Plan is a multiemployer...
Regulation
Regulator Calls on UK Trustees to Prepare for Next Bond Market Meltdown
The Pensions Regulator wants LDI-driven plans to be ready if yields suddenly jump like they did in September.
Newsmakers
Swedish Pension Fund AP7 Sues Microsoft, Activision Over Takeover Deal
Lawsuit alleges shareholders were hurt because $68.7 billion acquisition process was “done incorrectly.”
Newsmakers
Hawaii ERS Names Kristin Varela as New CIO
Coming from New Mexico’s PERA, where she was deputy, the new chief replaces Elizabeth Burton.
Research
Survey: Allocators See 2023 Opportunity in Bonds
Fixed income should benefit from rate increases, Natixis poll finds.
Newsmakers
CIO Announces 2022 Industry Innovation Award Winners
The allocators driving change and enhancing institutional fund performance and the service providers driving innovation in institutional investing were recognized at the annual Industry Innovation Awards dinner.
Regulation
Goldman Sachs Agrees to Pay $4 Million to SEC for ESG Violations
The investment bank agreed to the penalty and a cease-and-desist order without admitting fault for allegedly violating their ESG research policies.
Newsmakers
Walter Kress Receives CIO’s 2022 Lifetime Achievement Award
EY’s CIO, a connector and a generous collaborator, to be honored during awards night at Chelsea Piers.
Manager Selection
PSERS Posts Ad for New CIO
The $75 billion pension fund is looking for its first permanent CIO since Jim Grossman resigned last year.
Pensions
OECD Pensions Outlook 2022: Developing Asset-Backed Pension Systems
Latest worldwide pensions review discusses how to develop and strengthen asset-backed pensions and makes recommendations on governance and fee structures.
Regulation
Federal Reserve Proposes Climate Risk Framework for Large Financial Institutions
The framework is essentially the same as those proposed by the OCC and FDIC and calls on large financial institutions to account for climate-related physical and transitional risks in its business strategy.
Newsmakers
Australian Prime Minister Proposes $10 Billion Green Fund
The National Reconstruction Fund would invest in clean energy and other areas of the economy.