Asset Allocation
Saudi Arabia’s SWF Seeds State Street Bond ETF With $200M
The exchange-traded fund tracks the performance of the J.P. Morgan Saudi Arabia Aggregate Index.
News
Market Moves
Trump Signs Executive Order to Establish US Sovereign Wealth Fund
The fund, about which there are few details, will be established by the Department of the Treasury and the Department of Commerce over the next 12 months.
Pensions
Canadian Pension Funds Returned 10.6% in 2024
Institutional defined benefit plans returned 1.5% in the year’s fourth quarter, according to Northern Trust.
Alternatives
Is the Commercial Real Estate Tide Turning?
Investors have taken a beating on their CRE exposures, but analysts say the worst might be over, giving disciplined investors opportunities at attractive entry points.
Alternatives
Commercial Real Estate: Is 2025 Going to Be Different?
Economic growth, improving real estate fundamentals could drive a moderate recovery in real estate investment activity.
Alternatives
Institutional Investors See Resilience in Commercial Real Estate
While the industry is forever changed following the pandemic, portfolio managers expect a rebound ahead.
Market Moves
China’s DeepSeek Puts a Question Mark on AI Spending
The startup’s innovative AI model is raising questions about the future of AI stocks and capex.
Asset Allocation
Abu Dhabi’s ADQ Forms $1.2B Mining Joint Venture With Orion Resource Partners
Orion Abu Dhabi will invest in metals and mining companies across Africa, Asia and Latin America.
Newsmakers
Frank Tessier Named CIO of Santa Clara University’s $1.55B Endowment
Tessier succeeds John Kerrigan, who had been CIO since 2002.
Newsmakers
UN Pension Seeks Deputy CIO
Applications for the role at the $95 billion Joint Staff Pension Fund’s Office of Investment Management are due by March 8.
Newsmakers
Harriet Steel Named to Head Nuveen’s Global Institutional Business
Steel, based in London, joins the $1.3 trillion manager from private credit firm Pemberton.
Pensions
Proposed Kansas Bill Would Authorize KPERS Allocation to Bitcoin ETFs
Senate Bill No. 34 would permit the $27.3 billion Kansas Public Employees Retirement System to invest up to 10% of its portfolio in digital asset exchange-traded funds issued by a Kansas-registered company.
Pensions
Sanofi, Legal & General Complete $1.74B Annuity Buy-In
The plan’s second transaction with L&G kicks off 2025, which could be another record year for pension risk transfer volume.
Pensions
UK Explores Reforms Allowing Pensions to Invest Surplus Assets
The changes could unlock $200 billion that could be applied to different projects.
Newsmakers
Australia’s Hostplus Names Deputy Co-CIO
The hospitality industry superannuation fund promoted Susan Orr from within.