Pensions
Target Faces Another Lawsuit Related to ESG, DEI ‘Risks’
A police pension fund in Florida claims the company deceitfully hid the potential financial risks of celebrating Pride Month.
News
Asset Allocation
Canadian Pension Fund BCI Offers to Take Infrastructure Manager BBGI Private
The Luxembourg-based manager could be acquired for $1.31 billion.
Alternatives
Insurers Continue to Seek Greater Private Markets Exposure
According to Conning’s annual insurance investment risk survey, insurance investors are far less concerned about inflation than in recent years and are piling into private assets.
Pensions
Global Retirement Assets Reach $58.5T, Led by Defined Contribution Growth
The U.S. remains the biggest market, comprising 65% of AUM, according to the Thinking Ahead Institute.
Corporate Moves
Legal & General to Sell 20% Stake in PRT Business to Meiji Yasuda
In addition to the pension risk transfer stake, the Japanese insurer will acquire all of L&G’s U.S. protection business in a total $2.3 billion deal.
Market Moves
NBIM Touts Governance, Activism Track Record in 2024
Norges Bank Investment Management, manager of the world's largest sovereign fund, released its 11th annual responsible investment report, highlighting progress in its climate action plan.
Newsmakers
Mercer Super Appoints TelstraSuper’s Miller as CIO
Based in Melbourne, Graeme Miller will be the first dedicated CIO at $46.34 billion Mercer Super.
Asset Allocation
Tech Rally Buoys Norway Sovereign Wealth Fund’s 13% Return
Despite missing its benchmark, the gain raised the world’s largest pension fund’s asset value to almost $1.75 trillion.
Newsmakers
Julia Mord Named CIO of Commonfund OCIO
Currently the deputy CIO at Tulane University, Mord’s appointment is effective March 31.
Asset Allocation
Which Allocators Are Most Invested in ETFs?
A handful of corporate plans, foundations and endowments are all-in on exchange-traded funds, according to their Form 13F filings.
Pensions
Nest to Acquire 10% Stake in IFM Investors in Alts Buildout
The U.K. pension scheme aims to invest $6.24 billion through IFM by 2030.
Corporate Moves
Vanguard Announces Fee Reductions Across 108 ETFs
According to the firm, the reduction is its largest fee cut to date.
Alternatives
Canadian Pension Plan Strikes 2 More Real Estate Deals
The pension giant’s latest ventures in Brazil and South Korea bring its January deal total to four.
Pensions
GPIF External Managers Rank Microsoft, Enel Tops for Climate Disclosure
According to the $1.68 trillion Japanese pension giant, Microsoft “is undoubtedly a leader on climate reporting.”
Newsmakers
Singapore’s GIC Names Bryan Yeo as CIO
The deputy CIO of the $800 billion sovereign fund will succeed Jeffrey Jaensubhakij as investment chief on April 1.