Asset Allocation
Norway’s $1.9T SWF Divests 11 Israeli Investments, More Possibly to Come
The country’s central bank has also terminated its contracts with external managers in Israel.
News
Corporate Moves
Nuveen Raises $1.3B For Energy Infrastructure Credit Fund
EPIC II received anchor commitments from a Canadian pension and TIAA.
Asset Allocation
Community Foundation of Herkimer and Oneida Counties Picks OCIO
Already the social impact investor’s investment consultant, Crewcial Partners will take fiduciary management over the $220 million portfolio.
Corporate Moves
IPO Market Showing Promise Despite Slow Start to 2025
Figma’s sensational July debut could entice other startups to brave the public market and help end the IPO drought.
Pensions
Kodak Seeks Pension Reversion Proceeds to Pay Down Debt, Avoid Insolvency
The company has terminated its retirement income plan in favor of a cash balance plan amidst going concern warnings.
Newsmakers
Denise Stake Named Connecticut Deputy CIO
Stake was promoted from her role as principal investment officer for real assets and will be succeeded by Amit Aggarwal.
Opinion
A Complex Environment for Investing, Governance Raises the Appeal of Investment Outsourcing
Insights from a Fidelity Investments portfolio manager on trends shaping investment strategies of small to midsize endowments and foundations in today's complex market environment.
Pensions
South Carolina Retirement System Returns 11.34% in Fiscal 2025
Assets managed by the Retirement System Investment Commission increased to $50.34 billion.
Corporate Moves
Rolls-Royce Holdings Completes $5.77B Buy-In With Pension Insurance Corp.
The pension risk transfer transaction will cover the aerospace company’s remaining liabilities.
Newsmakers
Former CAIA CEO William J. Kelly Joins Star Mountain Capital
Kelly served as the top official at the Chartered Alternative Investment Analyst Association for 10 years.
Corporate Moves
Manulife to Acquire 75% of Private Credit Shop for $937.5M
Comvest Credit Partners manages $14.7 billion in assets and would be merged with Manulife’s existing credit platform.
Pensions
National Grid Completes Third Pension Risk Transfer via Rothesay
The $1.2 billion annuity buy-in, the third in five years conducted by the pension and insurer, will cover 7,130 uninsured scheme members.
Newsmakers
Annika Kim Named Credit Director at TMRS
Kim joins the pension fund from Apollo Global Management, where she was a private equity associate.
Regulation
New SEC Task Force Focuses on AI Applications
Valerie Szczepanik, the SEC’s chief artificial intelligence officer, is leading the effort to facilitate AI integration across the agency.
Pensions
New York City Pension System Returns 10.3% in Fiscal 2025
The city’s five retirement systems collectively managed $294.6 billion as of the end of June 30.