Corporate Moves
Russell Investments’ Global CIO Jeff Hussey Is Leaving
Peter Gunning, who once had the role, resumes it until a replacement is found.
News
Corporate Moves
Karianne Bail-Lancee Leaving Unilever for UBS
The firm’s former senior pensions and sustainability manager looks forward to the chance to enhance her “'personal impact' toward sustainable development."
Societe Generale to Issue Green Bonds in Taiwan
Becomes first foreign bank granted permission by local financial regulator.
Corporate Moves
South Korea Pension Fund Names New CIO
Ahn Hyo-joon, 55, will lead the investment strategy of the world’s third-largest pension fund.
Risk
Princeton Endowment Returns 14.2% in 2018
University’s investment earnings lead all Ivy League endowments so far this year.
CDPQ and Al Gore Firm Unite for ESG Investments
Partnership acquires majority stake in fintech firm FNZ in first investment deal.
Newsmakers
Yale Dives into Cryptocurrency
Could David Swensen’s move signal the start of institutional adoption for bitcoin and its ilk?
Research
Canadian DB Pension Funds’ Cup Runneth Over
Funded status of Canadian plans surges well above 100% in Q3.
Legal & General in $3.14 Billion Deal to Take Over Nortel Pension Plan
Bulk annuity buyout frees fund from British pension rescue agency.
SEC Stops Microcap Fraud Scheme
More than a dozen international regulators helped unravel conspiracy.
CalPERS President Loses Her Board Seat
Priya Mathur, an advocate for CalPERS ESG programs, will be replaced by California police officer Jason Perez.
Corporate Moves
How Wisconsin’s David Villa Will Wear Two Hats
The State of Wisconsin Investment Board’s CIO and newly christened executive director is ‘relying on the strong leadership’ of the new management council to ensure success.
Risk
Stanford, Cornell Endowments Return 11.3%, 10.6%
University portfolio values rise to $26.5 billion, $7.2 billion, respectively.
S&P 500 Pensions Approaching 91% Funded
Increased discount rates, global equity returns generate uptick in the ratios for plans in the index.
Washington State Allocates Close to $3 Billion to Private Markets
Majority of commitments go to two private equity funds.