Newsmakers
Due to AI, Norway’s $1.8T Pension Giant Needs No More Employees—for Now
The Government Pension Fund Global shed more than 37% of its workforce in 2024.
News
Newsmakers
Northern Trust Names Katherine McCabe to Lead OCIO Strategy
McCabe will spearhead relationships between Northern Trust’s asset servicing business and outsourced CIO providers in a newly created role.
Pensions
Aon Advises German Pension Clients of Risks to US Assets
The investment consultant recommended corporate pensions stop making new investments in the U.S.
Asset Management Culture
How CIOs, OCIOs Are Structured to Face New Investing and Operational Challenges
Market shifts and new technology have changed how CIOs organize their teams.
Asset Management Culture
How Asset Owners Are Attracting Talent and Their Issues Doing So
Careers at public pension funds, endowments and other institutional investors may not match the pay or the locations of private sector firms, but these institutions can still find an edge.
Asset Allocation
How Institutional Investors Can Win the Battle for Top Talent
Success can come from prioritizing diversity of opinions and workplace flexibility to recruit and retain investment, operations and technology personnel.
Pensions
South Korea’s NPS Returns 0.87% in 1st Quarter
Assets of the pension system rose to $888 billion.
Newsmakers
Jonathan Grushkin Named CIO of Sanford Health
The organization’s inaugural investment head moves from the Cleveland Clinic investment office, which regularly produces future CIOs.
Pensions
How to Evaluate the Options for a Corporate Pension Plan in Surplus
Capital Group’s Colyar Pridgen points out efficient ways to utilize a pension surplus.
Pensions
UK Treasury Provides Guidance on Local Pension Consolidation
The Pension Investment Review aims to consolidate smaller public pension and multiemployer defined contribution pension schemes into ‘megafunds’ to emulate Australian and Canadian investing models.
Newsmakers
Chubb Promotes CIO Tim Boroughs to Head of Asset Management
The insurance company also promoted Deputy CIO Chris Hogan to succeed Boroughs as CIO.
Newsmakers
Strategic Investment Group Names New Heads of Investment, Private Markets
Brendan Burke will lead the investment team, while Kevin Killeavy will oversee private markets.
Pensions
2nd Circuit Vacates PBGC’s Denial of SFA Funds for NYC Pension
The Pension Benefit Guaranty Corporation had argued that the pension was not entitled to funds because it had already been terminated.
Manager Selection
NYC Pensions Sell $5B in Private Equity Secondaries to Blackstone
The sale received interest from more than 80 potential bidders.
DOJ, FTC Side Against Largest Asset Managers in ESG-Related Coal Suit
BlackRock, State Street and Vanguard are accused of suppressing prices in the coal market, and the DOJ has weighed in.