Newsmakers
NYC Comptroller Vows to Stick With Climate Plan Amid Net Zero Exodus
Brad Lander says ‘we will not be cowed’ by anti-climate change rhetoric.
News
Market Moves
Trump Announces Reciprocal Tariffs
Rates range from 10% to 49%, depending on the country.
Pensions
NYC Comptroller Brad Lander Takes Aim at Elon Musk’s Political Ventures
New York City’s comptroller, whose office oversees five pension funds, is pursuing securities litigation against the Tesla board of directors over its alleged failure to provide oversight over Musk.
Asset Allocation
NBIM Acquires Stakes in Offshore Wind Farms
The Norwegian sovereign fund will take a $1.5 billion stake in projects in Germany and Denmark.
Market Moves
US Equities Underperform Europe, China in Q1
Uncertainty over tariffs and policy led to weak performance by American stocks.
Manager Selection
CalPERS, CalSTRS to Host Emerging, Diverse Managers Conference
The two-day forum will be held in Sacramento in May.
Alternatives
With Slower Private Equity Exits, Secondaries Transactions Tick Up
Secondaries volume and pricing increases create an attractive avenue to liquidity for limited partners.
Alternatives
How Australia’s Superannuation Funds Value Unlisted Assets Amid Regulatory Calls to Change
Technological advances may enable a push to standardize valuations.
Newsmakers
Larry Fink Calls for ‘Democratization of Investing’
The BlackRock chief, in his annual letter, wrote that he wants more people to become investors and more investors to access the private markets.
Newsmakers
Temasek Asset Management Unit Seviora Opens Shop in Abu Dhabi
The new office is the $54 billion firm’s first foray into the Middle East.
Newsmakers
Nuveen Promotes Phillips to Global Head of Real Estate
Phillips now oversees a $141 billion portfolio of commercial real estate investments.
Opinion
Tech Sector Dominates Shorting Activity for Third Consecutive Month
Data from financial technology and software provider Hazeltree highlights investor skepticism about technology stocks and the sector's resilience, and offers early insights into risks and possible opportunities.
Newsmakers
Wyoming Seeks a CIO for State Sovereign Fund
The position, in the state treasurer’s office investments division, oversees a team of 10 people managing assets, including about $31 billion in non-pension assets.
Newsmakers
CalPERS’ Deputy CIO Dan Bienvenue Leaving in April
The longtime investment staff leader is joining General Atlantic to lead pensions solutions offerings.
Newsmakers
Mergers Continue Across Australian Supers
Mine Super and TWUSUPER tie-up official; CareSuper to combine with meat industry fund.