Newsmakers
Endowment Index Falls Over 6% in First Quarter
Private equity and emerging market investments weigh down the portfolio, offsetting gains by oil and gas and commodities.
News
Newsmakers
Macron Wins French Election, Leaving Door Open for Pension Reform
Macron’s victory does not necessarily mean that the French public supports retirement age increases.
New York Pension Plans Launch Fight to Dislodge 2 Amazon Directors
Protesting working conditions at the e-commerce giant’s warehouses, the city and state funds urge no votes on reelecting board members.
Risk
What Worries CIOs Most? Inflation and Valuations
CaseyQuirk’s Sentiment Survey shows allocators are hustling to beat higher prices with private investments.
Manager Selection
NewYork-Presbyterian Names Anne Dinneen as CIO and Senior Vice President
Prior to her new role at NewYork-Presbyterian, Dinneen was known for her dramatic restructuring of Hamilton College’s endowment.
Newsmakers
Proposed Dutch Pension Reform Would Phase Out DB Plans
If passed, the law would come into effect at the start of 2023, with a transition deadline of 2027.
Newsmakers
CIO Summit Returns to In-Person Event
Register today for the May 16-17 conference in Chicago.
Newsmakers
Slowdown Time: Corporate Insiders Dial Back Sales—and Buys
Activity in company stocks was high last year but ebbed in 2022’s first quarter, says Verity. Could be a bullish sign.
Newsmakers
Net-Zero Pledges Aren’t as Green as You Think, Says New Study
Of the 25 asset managers studied that were members of the Net Zero Asset Manager Initiative, not a single one required companies in their portfolios to stop developing new projects with coal, gas, and oil.
Newsmakers
Canadian, UK DB Plans Improve Despite Market Volatility and Inflation
Rising bond yields more than offset investment losses to reduce pension liabilities.
Asset Allocation
Crypto: Not So Uncorrelated After All, Says Morningstar
Bitcoin and other virtual currencies hew more closely to stocks in downdrafts, a study finds.
Newsmakers
CalPERS to Increase External Management Budget by $145.6 Million
Most of the new fees will be allocated to private equity and real estate.
Newsmakers
Older Workers Aren’t Part of the Great Resignation—They Got Fired
New research shows that many employees ages 55 to 74 who quit working were forced out.
Asset Allocation
Crypto Adoption Among Canadian Institutional Investors Accelerates
KPMG says crypto investing among institutional investors is rising sharply and shows no signs of slowing down.
Newsmakers
Ackman SPAC Draws New Fire
Lawsuit says his vehicle, and others like it, should be under tighter federal regulation.