Asset Allocation
Macalester College Endowment to Outsource Investment Management
The school is shuttering its internal investment office and transferring its duties to management firm Investure.
News
Market Moves
Where Is the 10-Year Treasury Yield Headed? It’s Hard to Say
As the Fed prepares to lower short-term rates, the T-note confounds predictions due to its recent volatility.
Pensions
New York State Pension Earns 1.4% in Q1 of Fiscal 2024
The New York State Common Retirement Fund’s asset value remained unchanged at $267.7 billion due to $4.2 billion in payouts.
Asset Allocation
NBIM Commits 900M Euros to Renewable Energy Fund
Copenhagen Infrastructure Partners CI V will invest in wind, solar energy, energy distribution and storage.
Newsmakers
TMRS Appoints 3 New Private Market Leaders
Philip Hunter O’Brien, Amol Deshpande and Isidora Stankovic are joining the $40 billion Texas fund.
Asset Allocation
CDPQ, Canada Growth Fund Invest in MKB Energy Transition Fund
The funds, alongside BDC Capital and IQ, will allocate C$145 million to the MKB Partners Fund III.
Asset Allocation
Equities Fuel Kentucky Teachers’ Pension’s 12.3% Fiscal 2024 Gains
The TRS’ annuity trust’s asset value grew to nearly $26 billion despite missing its benchmark by more than 150 basis points.
Risk
Cyber Attackers Targeted 10% of Russell 3000 Companies in 2022-23, Study Says
Many corporations outsource their IT functions, which makes them especially vulnerable, an ISS report finds.
Pensions
CDPQ Returns 4.2% in First Half of 2024
The returns raised the Canadian pension fund’s assets to C$452 billion, but its performance fell short of its benchmark’s 4.6% return.
Corporate Moves
Meketa to Hold 15th Emerging Manager Conference in October
The event will be among several conferences held in 2024 that focus on emerging and diverse managers.
Pensions
Arkansas Public Employees’ Retirement System Returns 10.42% in Fiscal 2024
The assets of APERS grew to $11.479 billion.
Pensions
PBGC Grants $31.6M to Newspaper Drivers Pension Plan
The Ohio-based Newspaper Drivers Local 473 Plan will receive funding under the Special Financial Assistance Program.
Newsmakers
PSP Investments CIO van Gelderen Set to Depart
The investment chief since 2018 will step aside now, with his official departure set for October 1.
Pensions
STRS Ohio Returns 10.53% in Fiscal 2024
The assets of the State Teachers Retirement System of Ohio grew to $95.3 billion.
Research
Talk of Presidential Race Showing Up on Earnings Calls
The word ‘election’ has appeared almost twice as often as it did four years ago, per FactSet.