Asset Allocation
Japan GPIF Changes ESG Domestic Equities Index Due to ‘Large Tracking Error’
The $1.7 trillion pension giant has moved $20 billion to the MSCI Nihonkabu ESG Select Leaders Index.
News
Newsmakers
Ben Riley Promoted to Head of Insurance at T. Rowe Price
Riley’s appointment to the newly created role is effective January 1.
Asset Allocation
Cornell Endowment Returns 8.7% for Fiscal 2024
Assets managed by the university’s Office of University Investments rose to $10.7 billion.
Pensions
Netherlands Holds Best Retirement System in the World for Another Year
Iceland and Denmark retained their spots near the top of the Mercer CFA Institute Global Pension Index, although the report noted the global need for retirement reform amidst falling birthrates and increasing longevity.
Asset Allocation
Active Bond Funds Outpaced Passive Peers Over Past Year, per Morningstar
Actively managed real estate funds were also among the top outperformers for the 12 months that ended June 30.
Asset Allocation
University of Pennsylvania Endowment Returns 7.1%
Assets of the fund increased to $22.3 billion as of June 30.
Asset Allocation
UK Infrastructure Bank to Become National Wealth Fund in Domestic Infrastructure Push
The plan to create a £27.8 billion sovereign fund moves forward.
Pensions
Corporate Pension Funded Status Slightly Declines in September
Plan liabilities increased faster than equity gains, resulting in slight declines in the funded status of U.S. corporate pension plans.
Asset Allocation
MIT Announces Endowment Performance, Returns 8.9% in Fiscal 2024
Assets managed by MITIMCo rose to $24.6 billion.
Pensions
Wyoming State Treasury CIO Fleming to Retire in June 2025
The head of the $30 billion sovereign fund, Patrick Fleming started when the treasury was a ‘one-man shop’ in 2014.
Pensions
New York Common Earmarks Nearly $3B in Investments in August
The $268 billion pension fund allotted the bulk of its commitments to public equities, real estate, and credit investments.
Pensions
Royal Mail Finally Launches Britain’s 1st CDC Pension Plan
The debut comes nearly a decade after collective defined contribution pension plans were first proposed in the U.K.
Asset Allocation
Stanford Investment Vehicle Returns 8.4%
In fiscal 2024, assets of the Stanford merged pool, about 75% of which come from the university’s endowment, rose to $42.8 billion.
Newsmakers
Investors Should Understand ‘How the System Works for You,’ per CFA Institute Head Franklin
In a wide-ranging conversation, Margaret Franklin shares ‘essential principles’ and her thoughts on private markets, artificial intelligence, responsible governance and more.
Pensions
US Public Pension Funds Achieved 1-Year Returns of 9.7% in Q2
The top 5% of performing funds returned just below 13%, according to Nasdaq eVestment’s CIO Quarterly.