Pensions
Atlanta Pension Settles Price-Fixing Lawsuit Against Taro Pharmaceuticals
Sun Pharma-owned pharmaceutical company agrees to pay $36 million due to allegations it fixed prices and misled investors.
News
Silvergate Capital Settles Charges of Failing to Monitor $1T in Transactions
The firm allegedly misled investors about its compliance and oversight of transactions, including those made by defunct cryptocurrency exchange FTX.
Pensions
US Remains Biggest Force in Pension Realm, per Study
WTW’s Thinking Ahead Institute found that international unrest and an uncertain worldwide economic outlook hinder an otherwise growing global retirement effort.
Pensions
Japan’s GPIF: Active Engagement Spurs Sustainable Market Growth
The pension giant studied its nearly 27,000 engagements with its portfolio companies and found the fund’s influence boosted the firms’ valuations.
Asset Allocation
Wafra’s Capital Constellation Invests in Citation Capital
The woman-owned private equity firm aims to be the biggest private equity debut in Texas.
Risk
Private Credit Not Likely to Run Out of Capital, per Report
The loans yield around 10% yearly, a big enticement to investors, and borrower demand is high, according to Turning Rock Partners.
Newsmakers
Laura Wickström Promoted to CIO of Finnish Pension Insurer Veritas
Wickström was previously deputy CIO of the fund.
Risk
Is an Equal-Weighted Index a Safer Bet Than Cap-Weighted?
Nope. Same-sizing the portfolio members means steeper drops and less robust outperformances, says Sam Stovall.
Pensions
Norway’s NBIM Takes Top Spot as World’s Largest Asset Owner
Japan's GPIF was dethroned due to a weak yen, despite strong fiscal returns in 2023.
Asset Allocation
Norway Pension Giant Excludes 2 Firms for Alleged Human Rights Violations
A Norges Bank probe revealed cases of rape and harassment at plantations owned by France’s l'Odet and subsidiary Bolloré.
Pensions
Canadian Pension Funded Statuses Hold Steady in Q2
The plans maintained their surplus amidst weak domestic equity performance.
Asset Allocation
Saudi PIF Nets $17B in Gains in 2023, Reversing Prior Year Slump
The sovereign wealth fund’s assets grew to nearly $1 trillion.
Risk
Forget the Terminator: How to Prevent Harm From AI
Allocators should insist that companies adopt firm principles to thwart privacy problems, false information and other threats from ascendant artificial intelligence, study says.
Asset Allocation
CalPERS Increases Climate-Related Investments by Nearly $10B
Approximately half of the new investments will be in public equity, with the rest going into private markets.
Pensions
Austin Pension Selects Meketa as New Investment Consultant
Meketa Investment Group was chosen after a six-month RFP process.