Newsmakers
TIFF Appoints 2 Managing Directors to Client CIO Group
Chris Bunzel and Anne Duggan will join from Partners Capital as co-heads of custom asset allocation.
News
Newsmakers
Trump Nominates Former SEC Commissioner to Top Job
Paul Atkins will be put up to replace Gary Gensler, bringing SEC experience from a Republican administration and support for digital assets.
Newsmakers
Andrew Sullivan Named Next CEO of Prudential Financial
Sullivan, who oversees PGIM, will succeed Charles F. Lowrey in the role.
Pensions
PBGC to Become Fiduciary Manager of St. Joseph Pension Plan
As St. Joseph Health Services liquidates, the Pension Benefit Guaranty Corporation will take over management of the health care pension plan.
Pensions
Ontario Teachers’ Pension, Nordic Capital Acquire Max Matthiessen
The pension fund also bought three logistic assets in Paris.
Corporate Moves
BlackRock More Than Doubles Private Credit Business With HPS Investment Partners Acquisition
The deal to purchase the private credit manager for $12 billion will see BlackRock’s credit assets grow by $148 billion.
Newsmakers
WAMCO Appoints New CEO After Former CIO Charged With Fraud
Thomas Gahan will step up at Western Asset Management Co., effective immediately, while James Hirschman moves up to chairman.
Newsmakers
HOOPP Names Annesley Wallace President, CEO
The appointment of Wallace to head the $80 billion Ontario health care pension is effective April 1.
Regulation
Sweden’s AP7 Blacklists 2 Oil Producers
The pension fund added MEG Energy from Canada and EOG Resources from the U.S. to its banned ledger of 110 companies.
Republican AGs File Suit Against Asset Managers Alleging Coal Repression Scheme
11 states filed a complaint against BlackRock, State Street and Vanguard for undermining publicly traded coal companies.
Asset Allocation
Investors Eye Emerging Markets for Some Relative Quiet
Investors may find opportunities in countries unlikely to be significantly affected by geopolitical volatility.
Market Moves
Conflict Not the Biggest Factor in Oil Prices Anymore
Economic factors, especially Chinese demand destruction and the growth of renewables, are flattening demand and increasing market volatility for fossil fuels.
Manager Selection
SDCERA Seeks Investment Consultant
The San Diego County pension issued a request for proposal, with submissions due by December 13.
Newsmakers
Sargent McGowan Named CIO for Endowments and Foundations at Brown Advisory
McGowan was previously managing director and acting CIO of UVIMCO.
Pensions
US PRT Market Sees $14B in Volume in Q3
Nearly half of this quarter’s pension risk transfer volume came from IBM’s $6 billion PRT with Prudential, per Legal & General Retirement America.