Pensions
CalPERS Reports 11.6% Return in Fiscal 2025
Private equity delivered double-digit returns for America’s largest pension.
News
Manager Selection
Austin City Pension Selects Albourne as Private Markets Consultant
COAERS recently approved an increase to its allocations to alternative investments.
Newsmakers
AIMCo Names Public Markets Head as New CIO
Justin Lord will helm investments at the $131 billion Alberta Investment Management Corp.
Corporate Moves
Legal & General to Form Credit Partnership With Blackstone
The insurer’s annuity and asset management businesses will tap the alternatives giant for private credit offerings.
Alternatives
BlackRock, Fidelity, Grayscale Dominate Crypto ETF Assets Amidst Institutional Interest
The firms’ offerings made up 85% of all crypto AUM, while separate research found 75% of investors expect cryptocurrency to soon become part of institutional allocations.
Regulation
Australia’s Central Bank Names Private Partners to Test Tokenized Asset Uses
The selected firms include Northern Trust, Australia and New Zealand Banking Corp., and Westpac Banking Corp., along with smaller fintech providers.
Corporate Moves
Intentional Endowments Network Launches Responsible Tech, AI Initiative
With support from Omidyar Network, IEN plans to engage asset owners, managers and others in driving an ethical and transparent technology ecosystem.
Asset Allocation
Ontario Teachers’ Pension Departs Airport Business
The pension fund sold its stakes in the five airports it owned in multiple transactions spanning fewer than three months.
Pensions
UK Plumbing Pension Picks WTW as OCIO for $1.63B Plan
The Plumbing and Mechanical Services Industry Pension Scheme aims to eventually offload its liabilities to an insurer.
Newsmakers
William Blair Names Robert Kendall as Global Head of Investment Management
The former Raymond James Investment Management president will succeed Stephanie Braming.
Pensions
Ohio Legislators Reshape Teachers’ Pension Board Structure
According to the recently passed state budget, teachers will see their representation on the State Teachers’ Retirement System of Ohio’s board slashed to three from a majority of seven by 2028, following years of governance conflict.
Opinion
Outdated Financial Theory Is Failing Us All: What CIOs Must Rethink About Risk, Return and Resilience
Today’s systemic threats—from climate breakdown to democratic backsliding—demand a fundamental shift in how CIOs understand and manage long-term value creation.
Newsmakers
April Wilcox Named Senior Investment Director at CalSTRS
Promoted from director of investment services, Wilcox will direct the investment operations of the $358 billion plan.
Corporate Moves
Aquiline Closes Acquisition of SEI Family Office Services Unit
The business has been rebranded as Archway, effective June 30.
Newsmakers
President Trump Signs Tax, Policy Bill
The massive measure raises taxes on certain endowments, extends the federal debt limit, makes cuts to federal benefits and much more.