Newsmakers
Impact Community Capital Promotes Andrew Zimmerman to CIO
Zimmerman will oversee investment strategy at the affordable housing debt manager.
News
Pensions
Market Turmoil Sparked by Iran War Wiped Out $233B in Public Pension Funding
A 3.5% aggregate investment loss for the 100 largest public defined benefit plans in the U.S. sent their funded ratios sharply lower in March, according to Milliman.
Market Moves
Canada to Establish Sovereign Wealth Fund
The Canada Strong Fund will be seeded with $18.36 billion over the next three years, the country’s prime minister announced.
Market Moves
Dispersion Capture Ratio: A Framework for Measuring Institutional Performance
The new metric aims to measure implementation at the portfolio level.
Newsmakers
Northern Trust Wealth Management Names Family Office CIO
Beata Kirr will oversee investment strategy for the firm’s global family office unit.
Asset Allocation
What Is Behind the Increased Institutional Adoption of ETFs?
A report from Cerulli Associates and Invesco dives into how allocators are embracing exchange-traded funds.
Regulation
Bill Targeting Proxy Advisers Advances From House Committee
The legislation aims to curb required disclosures tied to political, social or environmental priorities unless they affect investment or voting decisions.
Asset Allocation
Strong Governance Frameworks Key to Keeping Endowments on Track
Clarity and deliberate process are needed to determine how and why certain investments might be excluded or divested and how outcomes are measured.
Newsmakers
PGIM Hires New Insurance, Partnerships Leader
Brian Towers, formerly of Blackstone, will lead a team designing offerings to meet the complex needs of specialized investors.
Newsmakers
Australia’s SWF Names New Investment Head
Richard Brandweiner, the chair of Impact Investing Australia, will take over as CIO of the country’s Future Fund on July 1.
Newsmakers
Despite Private Credit Worries, Insurers’ Demand for Alts Remains Strong
Insurers are looking to expand their investments in asset-based finance assets and other investment-grade opportunities, according to AllianceBernstein’s CIO for insurance.
Asset Allocation
STOXX Indexes Announces Partnership With SEI, Andrew Ang
The iSTOXX Ang Research Enhanced Index Suite will target momentum, quality and value factors.
Investment Team Structure
Smaller Staff, Fewer Resources Continue Driving OCIO Adoption Among Smaller Endowments
Moving to an outsourced CIO model has become a necessity for many small teams.
Regulation
Fed Chair Nominee Kevin Warsh Pledges Independence Under Senate Scrutiny
President Donald Trump’s choice to head the Federal Reserve outlined his plans for an inflation overhaul and sidestepped rate questions.
Regulation
SEC, CFTC Propose Reduced Reporting Requirements for Private Funds
The changes would undo enhanced requirements put in place under former President Joe Biden.