Newsmakers
Jacques Chappuis Appointed President, CEO of PGIM
Currently leading Morgan Stanley Investment Management, Chappuis will succeed David Hunt in May 2025.
News
Pensions
Alberta Government Fires AIMCo Board, CEO
Concerns over costs led the provincial leadership to clean house and appoint Ray Gilmour as interim CEO.
Newsmakers
Australia’s Prime Super Names McQueen as New Investments Head
Formerly head of Media Super prior to and during its merger, Michael McQueen will run investments for the multi-industry superannuation plan.
Newsmakers
The Many Ways Tech Tools Impact Investors
Panelists speaking at CIO’s Cyber Cache event discussed the technology solutions and tools they find most useful in their investment operations.
Newsmakers
Tom Darnowski Promoted to Americas CEO at Schroders
Currently global head of product strategy, Darnowski’s appointment is effective January 1.
Regulation
Congressional Tax-Writing Committee Chairs Could Make Big Impact in New Congress
Control of the House remains undecided, while Idaho Senator Mike Crapo is in line to lead the Senate Committee on Finance.
Asset Allocation
Norges Bank Acquires 97.7% Stake in Silicon Valley Office Property
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
Market Moves
Stocks Surge on Trump Re-Election
GOP victories in the White House and the Senate open the door for tax cuts, deregulation and harsher trade policies.
Pensions
Aon Adds $4.56B in OCIO Assets With 3 New Clients
A defined benefit pension administered by the company is among the funds outsourcing assets in its EMEA region.
Asset Allocation
Utilities, Real Estate Equities Fuel Canadian Pension Plans’ 5.1% Q3 Returns
The performance raised the plans’ year-to-date return to 9.6%.
Pensions
Nokia Named Mercer as OCIO for US Retirement Plans
The telecom giant outsourced the investment of its defined benefit pension and defined contribution portfolios.
Institutional Investors Representing $9.4T Have Set Decarbonization Targets
81 members of the UN’s Net-Zero Asset Owner Alliance plan for net-zero portfolios by 2050.
Corporate Moves
Global PSSL Establishes Asset Owners Council
The organization aims to promote sustainability, transparency and governance in securities lending.
Asset Allocation
UK Pension Allocates 3% of Portfolio to Bitcoin
According to pension adviser Cartwright, an unnamed client allocated a single-digit percentage to the digital asset.
Pensions
PBGC Approves SFA Funding for 4 Pension Funds
Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund, all distressed funds, were provided with support.