Risk
Moody’s, MSCI to Launch Private Credit Risk Modelling Tool
The two firms will partner on solutions to provide risk assessments for the asset class.
News
Manager Selection
CalSTRS Chooses Nuveen for $150M Self-Storage Mandate
A new commitment from the California teachers’ pension fund’s $46 billion real estate portfolio was announced.
Market Moves
State Treasurers Call on Tesla Board to Ensure Musk’s Focus on Company
A letter from Americans for Responsible Growth called for board engagement with stakeholders, as well as oversight of the automaker’s key executive.
Alternatives
Why Endowments Are Not a Quick Fix for Universities Facing Funding Cuts
Restrictions on use and the funds’ earmarked status limit how much universities can rely on endowments to address funding shortfalls.
Corporate Moves
Nomura to Acquire $180B AUM Macquarie Asset Management Business
The $1.8 billion acquisition of its U.S. and European business will see 700 Macquarie staff join Nomura and will open wealth management opportunities in the U.S. for the Japanese bank.
Newsmakers
Nomura Capital Management Hires Ashu Pal to Run Portfolio
To support the new head of portfolio management, the firm plans to hire a vice president of asset-based opportunistic private credit and a private credit investment specialist.
Corporate Moves
TPG, Temasek to Take Stake in Cliffwater
The duo will join private equity firm TA Associates as investors in the alternative investment adviser.
Pensions
Maryland State Pension Establishes Climate Advisory Panel
The five-member team will advise the fund on potential climate-related investment risks and opportunities.
Market Moves
CPP Investments Taps Secondaries Market in $860M Sale
The Canada Pension Plan Investment Board announced the sale of 25 private equity fund interests to Ares and CVC.
Pensions
Pension Risk Transfer Still Attractive Derisking Option, Despite Market Volatility
Corporate pension funding ratios and the the interest rates used to value their liabilities took a hit, but the time to derisk may be now.
Research
Banks With Decarbonization Efforts Perform Better, Research Finds
ISS STOXX found correlations with decarbonization, ESG performance and financial performance.
Market Moves
Public Pensions Tout Long-Term Investing Focus Amid Market Volatility
Pension executives point to portfolio diversification as protection against uncertainty.
Pensions
AustralianSuper Cyberattack Losses Reach $450,000
The 10 members whose accounts were affected have been fully reimbursed, superannuation officials confirmed.
Newsmakers
Alexander Dorf named Deputy CIO of Arizona PSPRS
The former UPS pension portfolio manager joins the $23 billion Public Safety Personnel Retirement System.
Asset Allocation
Insurer Scottish Friendly Chooses Schroders for $2.37B Mandate
The asset manager will manage the mutual life firm’s insurance assets.