Newsmakers
Shelly Heier, President of Verus, to Depart This Month
Her duties will be taken up by the investment consultant’s CEO and CFO.
News
Asset Allocation
Why Soaring AI Stocks May Falter
Skepticism about long-term performance rises as the payoff of artificial intelligence now seems far off.
Pensions
Kentucky Pension System Returns 10.7% in Fiscal 2024
The KPPA’s assets rose $3 billion to $26.9 billion.
Pensions
IPOPIF Seeks Private Markets Consultant
The $10.8 billion Illinois Police Officers’ Pension' Investment Fund is expanding its allocation to alternatives.
Pensions
Corporate Pension Funded Status Mixed in August
Some trackers saw their first decline in funded status in months, during a 'tumultuous' month for equities.
Research
The Market’s Big Tech Concentration Is Not a Problem, Robeco Report Finds
Even if an economic dip sends stocks lower overall, the Mag Seven’s earnings should hold up, the Dutch firm says.
Newsmakers
JPMorgan Chase CEO Dimon Skeptical of Private Markets Growth
The shrinking of the number of public companies is not a good thing, Dimon said at a conference in Brooklyn this week.
Pensions
CPP Investments Makes Additional C$532M Commitment to Brazilian Water Company
The Canadian pension fund previously owned a 61.4% stake in Iguá Saneamento.
Pensions
Connecticut Pension Achieves 11.5% Return in Fiscal 2024
Assets of the state's pension system grew to $7.9 billion.
Newsmakers
James Davis Appointed to International Centre for Pension Management Board
Davis is the CIO of OPTrust, the legal trust of the Ontario public employees’ union and Ontario government.
Pensions
PSP Investments Highlights Sustainability Progress in Report
The pension fund reported C$64.9 billion in green assets in fiscal 2024, according to its latest sustainability report.
Asset Allocation
Public Pensions See Growth, Diversification in the Private Markets
Panelists at the Council of Institutional Investors' 2024 Fall Conference discuss how their allocations to alternatives have evolved since the global financial crisis.
Pensions
IBM Secures $6B Pension Risk Transfer With Prudential
The latest deal follows the company closing its defined contribution plan in 2023 in favor of a cash-balance pension plan and an earlier $16 billion PRT.
Newsmakers
Rice University Endowment CIO to Step Down
Allison Thacker will step down from the Rice Management Co. on September 30.
Newsmakers
NYC Comptroller Brad Lander Disrupted by Climate Protestors at CII Conference
Despite the disruption, Lander hailed the New York City pension system's climate record.