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.
News
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Outdated Financial Theory Is Failing Us All: What CIOs Must Rethink About Risk, Return and Resilience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.
Corporate Moves
Apollo-, Athene-Backed Athora to Acquire PRT Provider Pension Insurance Corp.
The $7.78 billion acquisition of the U.K.-based defined benefit insurer will create a group with $158 billion in assets.
Pensions
NC State Legislation Moves Sole Pension Investment Decisions Away From Treasurer
The newly created North Carolina Investment Authority’s five-member board will oversee all investment activities for the state’s retirement system.
Pensions
Asset Gains for 100 Largest Public Pensions Surge $98B in May; PRT Costs Decline
Funded levels for the plans rose to 81.1% during the month.
Newsmakers
Barry Kenneth Talks Infrastructure and Institutional Investing
The CIO of the UK's Pension Protection Fund discusses investing in the private markets and investing trends in a webinar with CIO.
Market Moves
JFK Airport Lands Australia’s TelstraSuper as New Investor
The investment, of an undisclosed amount, “aligns with our long-term approach and our commitment to supporting essential infrastructure,” a fund official said.
Corporate Moves
Ex-GIC Tech Boss Launches Inaugural VC Fund
Jeremy Kranz’s Sentinel Global has raised $213.5 million in committed capital.
Newsmakers
Georgetown University Taps Lehigh Endowment for New CIO
Kristin Agatone will become the investment chief of the $3.7 billion endowment, effective September 15, succeeding Michael Barry.