Manager Selection
NYC Pensions Counter Anti-DEI Rhetoric With $23.1B Invested in Diverse Firms
CIO Steven Meier aims to set a ‘powerful example’ that diversity is fundamental to fiduciary duty.
News
News
CIO Names 2024 Industry Innovation Award Winners
Chief Investment Officer recognized and awarded institutional investors, asset managers and service providers driving innovation in their fields at the 2024 Industry Innovation Awards dinner.
Pensions
November Sees Another Gain in Corporate Pension Funded Status
If December can keep up the relatively strong results this year, defined benefit plan funded status may finish in the black for 2024.
Asset Allocation
Commercial Real Estate Faces ‘Major Era of Change,’ per AFIRE Pulse Report
The survey also indicated that commercial real estate investors might have preferred the candidacy of President Joe Biden to Vice President Kamala Harris.
Asset Allocation
University of Chicago Endowment Returns 8.4% in Fiscal 2024
The gain raised the portfolio’s asset value to $10.4 billion, still trailing its $11 billion high from 2021.
Pensions
PBGC Provides Financial Assistance to Pressroom Union Plan
The Graphic Communications International Union Pressroom Unions’ Pension Plan will receive $63.7 million from the Pension Benefit Guaranty Corporation.
Alternatives
Most LPs Wary of Sports Investments, Survey Finds
Despite growing popularity, 81% of PE fund investors reported that the risks of sports funds are too great, per a survey from Coller Capital.
Asset Allocation
Singapore’s Sovereign Wealth Fund Makes $7.5B Private Credit Move
Temasek seeks to capture global credit opportunities with a new wholly owned platform.
Newsmakers
Kerry O’Brien Joins MetLife Investment Management
She is the firm's new global head of insurance asset management and liability solutions.
Pensions
Hollywood Firefighter Pension Lawsuit Alleges Insider Trading by United Health Execs, Including Slain CEO
The late Brian Thompson, along with two other executives, were accused of dumping stock prior to February announcement of a DOJ antitrust investigation into the company.
Asset Allocation
Norges Bank Excludes UK Mining Firm Evraz for Aiding Russia’s War Against Ukraine
The world’s largest pension also excluded a telecom firm for aiding the expansion of Israeli settlements in the West Bank.
Newsmakers
Trump’s SEC Nomination Draws Strong Reactions
The appointment of Paul Atkins as SEC chair, pending Senate confirmation, received predictably mixed reactions, with cryptocurrency a hot talking point on both sides.
Asset Allocation
New York State Pension Earmarks $850M for Private Equity, Credit Investments
The quiet month was preceded by a two-month, $7.6 billion investing spree.
Research
Latin America Lags in Establishing Sovereign Funds, Report Finds
According to the International Forum of Sovereign Wealth Funds, countries in the region should look to ‘other emerging regions’ for guidance.
Pensions
Most Pension Funds Intend to Increase Spending on Scenario, Risk Modeling Tools, per Survey
Pension executives reported confidence in their plans’ abilities to manage these processes, but there is room for improvement, according to Ortec Finance.