Newsmakers
Brown Advisory Names Nick Kirrage to Lead Global Equity Strategies
The former Schroders fund manager will help expand the firm’s global equities platform.
News
Corporate Moves
Proxy Advisers Rally Investors Against Musk Pay Package at Tesla
Institutional Shareholder Services and Glass Lewis are recommending shareholders vote against a $1 trillion compensation plan for Elon Musk.
Pensions
US Public Pension Funds’ Funded Ratios Rise to Highest Levels in Nearly 4 Years
The 100 largest public pensions’ were 85.4% funded in September, up from 84.2% in August.
Newsmakers
Steven Meier to Depart as CIO of NYC Pensions
The investment chief of the city’s Bureau of Asset Management is leaving November 7 for an unspecified new opportunity.
Pensions
Corporate Pension Funding Ratios Hit Highest Level Since 2007
Asset surpluses of the largest corporate defined benefit plans continued to surge in September.
Newsmakers
Behind Nikko Asset Management’s Rebrand to Amova
The change is intended to reflect a new era for the firm, including its global growth, according to CEO Stefanie Drews.
Asset Allocation
After ‘Very Long Winter,’ Emerging Markets May Finally Be Living Up to Their Potential
Analysts and consultants concur that EM public assets represent an attractive opportunity, particularly in comparison to opportunities in the US.
Alternatives
IFM Investors, Nest Complete First UK Investments
The allocations come from a Nest-seeded global infrastructure debt fund that IFM is managing.
Newsmakers
South Carolina State Pensions’ Investment Manager Promotes Bryan Moore to CIO
The former deputy and interim CIO will oversee the investments for the state’s five defined benefit plans.
Newsmakers
CIO Presents 2025 Industry Innovation Awards
Chief Investment Officer honored the institutional investors, asset managers and service providers driving innovation in their fields at the 2025 Industry Innovation Awards dinner.
A photo gallery from the Influential Investors Forum and the awards event is available here.
Asset Allocation
Brown University Endowment Returns 11.9% in Fiscal 2025
The assets of the fund rose to $8 billion at the end of June.
Asset Allocation
Harvard’s Calculated Risk Leads to 11.9% Reward in Fiscal 2025
The $57 billion endowment’s allocation to private equity has steadily grown to 41% of its portfolio from 16% eight years ago.
Alternatives
OMERS’ Bruce Power Completes $1B Inaugural Senior Unsecured Bond Issuance
The issuance from the Ontario pension subsidiary is the largest to date within the Canadian power and utilities sector.
Asset Allocation
Eli Lilly and Co. Selects Goldman Sachs for $25B OCIO Mandate
The company’s CIO, Susan Ridlen, retired in August, and Goldman Sachs Asset Management will now manage its portfolio.
Winning Investment Strategies
Mega Investors Consider Ditching Silo Investing for Total Portfolio Approach
CalPERS will vote next month on a proposal to adopt the trending investment strategy.