Asset Allocation
NBIM Acquires NYC Office Tower for $542.6 Million From CalSTRS, Silverstein
Norges Bank Investment Management will own 95% of 1177 Avenue of the Americas.
Liquidity requirements reframe the need for diversification.
Tech stocks remained the $527.3 billion pension fund’s top holdings, led by Nvidia, Microsoft, and Apple, despite dumping 22% of its Alphabet shares.
Foley joins the Nuveen affiliate from Franklin Templeton.
The Québec pension fund’s asset value rose to $357.5 billion.