Newsmakers
Diana Winalski Joins as Deputy CIO at EY Americas
Winalski, reporting to CIO Walter Kress, will assist in overseeing the firm's $30 billion in retirement plan assets.
News
Corporate Moves
Partnership Between Cresset and Monticello Announced
The tie-up will create a pool of nearly $200 billion in assets for the firms to oversee and advise and provide clients access to fund managers in the public and private markets.
Newsmakers
CalSTRS Names Senior Investment Director for Private Markets, Sustainable Investments, Stewardship
Kirsty Jenkinson, who was promoted to the roles, joined the California pension fund in 2019 as director of SISS.
Alternatives
Achmea IM Launches Private Equity Fund Focused on Nutrition, Healthy Living
The $290 million Healthy People & Planet fund was developed for Dutch institutional investors, with the help of Neuberger Berman.
Pensions
Berenberg, Lurse Awarded First OCIO Mandate
The two firms had previously partnered to offer outsourced CIO services to German occupational pensions.
Asset Allocation
Harvard Management Co. Adds Bitcoin, Gold; Slashes Tech Holdings
The world’s largest endowment also bought 1 million shares of Amazon, despite cutting back sharply on Alphabet, Meta and Microsoft.
Asset Allocation
Endowments Could Turn to OCIO Amidst Tax Hikes, Liquidity Pressures
Outsourced CIOs with expertise in complex tax situations have an edge for attracting new clients, according to Cerulli Associates.
Pensions
Multiemployer Pensions See Asset Surpluses for First Time
The funding ratio of U.S. defined benefit multiemployer plans reached 100% at the end of June, according to Milliman.
Newsmakers
Australian Retirement Trust Chairman to Retire
Andrew Fraser intends to retire at the superannuation fund’s annual member meeting on November 20, at which point a successor will be named.
Asset Allocation
Surging Q2 Financials Fuel Norway SWF’s H1 Return
Despite a 1.6% loss in Q1, the $1.92 trillion Government Pension Fund Global returned 5.7% for the first six months of 2025.
Pensions
Corporate Pensions See Funding Ratio Gains in July
The funded status of corporate plans increased for the fourth consecutive month, primarily due to a decline in the value of liabilities.
Corporate Moves
LaSalle Raises $700M in Commitments for Real Estate Debt Strategy
The firm will lend to multi-family properties and multi-tenant industrial properties across the U.S.
Opinion
Borrowing From the Future Means Reliance on Growth, and Inflation
Prioritizing total-factor productivity instead of debt-to-GDP ratio, Nikko Asset Management’s chief strategist lays out a scenario by which the U.S. economy could recover.
Asset Allocation
AI Already Informs Indexing, Portfolio Management
Those waiting for artificial intelligence to arrive should wait no longer: Investors use it regularly in building data-informed portfolios.
Pensions
PRT Market Outlook Remains Strong, Despite Mega-Deal Slowdown
The U.S. and U.K. will continue to be the center of the $1 trillion pension risk transfer boom, according to Legal & General.