Risk
Greece, BlackRock Move Forward With SWF Creation
The country is moving to quickly privatize key assets to pay back bailout loans and launch its new sovereign wealth fund.
News
Newsmakers
Ayesha Parra Appointed Global Head of Alternatives at Russell Investments
Parra will oversee the firm’s business strategy for its alternatives platform.
Pensions
Rhode Island Pension Returns 10.47% in Fiscal 2024
Assets of the ERSRI system rose to $11.369 billion.
Pensions
Corporate Pension Funded Status Stays Flat in July
Strong equities were equivalent to or offset by a decline in pension discount rates.
Newsmakers
Nature Conservancy Seeking Head of Strategic Investment Initiatives
The investment executive will work on special projects for the $4 billion endowment.
Asset Allocation
UK’s Nest Hires J.P. Morgan’s Campbell Global for Timberland Fund
The fund will seek timberland investments that promote sustainable forestry practices.
Pensions
UK Chancellor Reeves Meets With Maple 8 Bosses on Implementing ‘Canadian Style’ Investing in British Plans
Reeves wants to learn lessons from Canadian plans on investing.
Pensions
Institutional Asset Owners Returned 1.1% in Q2
Markets slowed in the period, according to the Northern Trust Universe tracking system.
Pensions
UC Investments Reaps Big Returns From Index Fund Shunning Fossil Fuels, Tobacco
Some $1.3 billion of the University of California’s $16 billion fiscal 2024 investment gain came from one S&P 500 index fund.
Pensions
Ontario Teachers’ Pension Leads $150M Venture Round for Credit Card Startup Bilt
Other funding sources included endowments at Vanderbilt and the University of Illinois.
Pensions
Pension Fund Sues KKR, Alleging $500M Payout Had ‘No Value’ to Unitholders
The lawsuit claims the firm’s founders and executives breached their fiduciary duties and ‘wanted to enrich themselves.’
Pensions
OMERS to Expand Investments in Italy With Acquisition of Transit and Advertising Network
The pension fund, along with DWS, will fully acquire Grandi Stazioni Retail.
Pensions
Nova Scotia Fund Returns 7.93% in Fiscal 2024
Assets of the Nova Scotia Pension Services Corp., which oversees four pension funds, rose to nearly $10 billion.
Asset Allocation
NASCAR Considering Ban on Investment Stakes From Sovereign Wealth Funds
New charter agreements could also include rulings on private equity stakes, per reports.
News
Public Equities, AI Tech Firms Spur 10% Rise for NYC’s Pension Funds
The aggregate value of the city’s five pension funds rose to more than $274 billion in fiscal 2024.