Investment Fund CIO Pleads Guilty to Securities Fraud
Joshua Goltry ‘lied about nearly every aspect’ of his fund’s operations and performance, according to federal prosecutors and the SEC.
News
Regulation
Kansas Construction Pension Fund Receives $43.1M PBGC Grant
The funding will keep the plan solvent through 2051.
Pensions
Saskatchewan Healthcare Pension Returns 8.43% in 2023
SHEPP saw its assets grow to $7.29 billion at the year end.
Asset Allocation
Smart Money Portent? Bonds Are Gaining Allocators’ Interest
Meanwhile, allocators are moving out of stocks, which have been doing well lately, per a Nasdaq eVestment study.
Newsmakers
Vasilis Theofanopoulos Named CIO of Growthfund
The Greek sovereign fund manages $5.9 billion in assets.
Regulation
How the Supreme Court’s Chevron Reversal Impacts Institutional Investing
Courts are no longer required to defer to interpretations of law offered by executive agencies that regulate defined benefit and contribution savings.
Newsmakers
Illinois Police Pension Appoints Greg Turk as Deputy CIO Amidst Private Markets Push
Turk will oversee the planning and implementation of the fund's private markets investments.
Pensions
LACERA Wins Court Decision Backing Its Authority Over Employee Compensation, Classification
The state appellate court ruling reversed a 2018 decision by the Los Angeles Board of Supervisors to reject the retirement system’s proposed changes.
Alternatives
BlackRock to Acquire Alternatives Data Provider Preqin
The $3.2 billion deal is expected to close before the end of the year.
Asset Allocation
Medical Technology and the Fight Against Cancer
Biomedical researchers are discovering drugs that improve patient care and although many needs remain unmet, investment opportunities emerge.
Asset Allocation
How Memorial Sloan Kettering Funds Its Cancer Fight
Under CIO Jason Klein, the celebrated hospital has leveraged its top-notch research and well-managed investments to produce still more breakthroughs.
Pensions
Worldwide Pension Funds Rebounded in 2023, but Failed to Make Up for 2022’s Wipeout
An OECD study concluded that last year’s progress did not bring funds back to year-end 2021 levels.
Regulation
Industry Feedback on the IB 95-1 Report
The report does hint at where future DOL priorities might be on PRTs.
Opinion
The Impact of Impact Investing: SDGs and ESG
By building a customized portfolio based on ESG and UN SDG principles, investors can have an impact without sacrificing returns.
Asset Allocation
How Investors Can Benefit From Energy’s Coming Changes
JPM’s Michael Cembalest explores opportunities as renewables rise, but fossil fuels will too as the population grows.