People Moves Roundup
State Street names EMEA head, Ascensus president to become CEO, and more.
News
Newsmakers
Brazil’s Pension Reform Clears First-Round Vote
Lower house must approve bill a second time before the Senate gets a chance.
Research
Hedge Funds Roar in 2019’s First Half
Equity strategies help steer the ship to best H1 gains since 2009.
Risk
Oxford Endowment ‘Flat’ in 2018, But Surpasses Long-Term Targets
University’s £3.4 billion fund described last year as ‘volatile and challenging.’
Corporate Moves
Illinois Teachers’ Names New Leader for Emerging Manager Program
‘Invaluable’ Jose Gonzalez succeeds Kirk Sims, who left for the Texas Teachers’ Retirement System.
Nominate This Year’s Key Asset Owners and Managers for the 2019 CIO Innovation Awards
Nominations for this year's 10th annual bash close August 3.
Newsmakers
Japan’s Sovereign Wealth Fund Surpasses Norway’s as World’s Largest
A 1.5% return for fiscal 2018 raises the fund’s total asset value to $1.46 trillion.
Denmark’s PenSam Excludes 26 More Oil Firms
Fund keeps Shell and BP for now, but it will still watch the companies it did not divest from to see if—and how—their ESG efforts are improving.
Newsmakers
Exclusive: Don’t Be a Laggard; Legal & General Head Encourages Companies for Green Action
Head of US Stewardship and Sustainable Investments John Hoeppner explains the strategy behind firm’s Future World funds.
Corporate Moves
Ex-UTIMCO Chief Bruce Zimmerman is CIO of Ray Dalio’s Family Office
Texas endowment’s former head had been member of various boards since 2016 exit.
Market Moves
A Contrary Signal to the Baleful Inverted Yield Curve
The spread between BBB corporates and 10-year Treasuries is shrinking.
Newsmakers
Ontario Teachers’ Pension Plan CEO to Retire
Jo Taylor will become the new chief January 1, 2020, after Ron Mock departs.
UK Court of Appeal Upholds TPR Powers in ITV Case
Court says TPR had right to force ITV to fund Box Clever pension fund.
Lawmakers Introduce Bill to Boost Diversity at Asset Management Firms
Minority- and women-owned firms manage only 1.1% of $71.4 trillion in assets.