Asset Allocation
MIT Endowment Returns 14.8% in Fiscal 2025
Assets managed by the Massachusetts Institute of Technology Investment Management Co. rose to $27.4 billion.
News
Investment Team Structure
Australia’s State Super Hires Frontier Advisors as Independent CIO
The consultant firm will employ the superannuation fund’s investment team and manage its portfolio, while the fund will take a ownership stake in the firm.
Newsmakers
Sun Life Names Tom Murphy President of New Asset Management Division
The $1.1 trillion manager aims to accelerate its global growth.
Newsmakers
Jacmel Partners’ Infrastructure Platform Names Shaquille O’Neal as Founding Partner
The alternative investment manager, which previously invested in the development of LaGuardia Airport, will join forces with the NBA champion to make impact investments.
Regulation
SEC Changes Draw Mixed Reactions
While companies have gained flexibility, Oregon’s treasurer is worried about consequences and termed the Securities and Exchange Commission’s decisionmaking process ‘atrocious.’
Newsmakers
Janet Dhillon Confirmed by Senate as PBGC Director
Dhillon was confirmed in a block of 108 appointees to various federal departments and agencies.
Newsmakers
CalPERS Hires June Kim Away From CalSTRS as Deputy CIO for Public Markets
Kim will make the move on December 1 and take the spot previously held by Dan Bienvenue, who left in April.
PRT Lawsuit Against AT&T Dismissed
The court’s determination that the plaintiffs have standing to sue allows for the complaint to be refiled and could embolden others considering litigation.
Manager Selection
CalSTRS Forms Climate Co-Investment Partnership With Carlyle Alpinvest
The California State Teachers’ Retirement System will broaden its access to private equity managers investing in climate solution opportunities.
Pensions
Penn SERS Returns 10.96% in Fiscal 2025
Assets of the Pennsylvania State Employees’ Retirement System stood at $40.4 billion.
Newsmakers
TIAA Hires ex-BlackRock Retirement Head for Business Development
Rob Crothers will lead efforts to develop strategic partnerships for guaranteed income and more.
Asset Allocation
Stanford’s Merged Pool Returns 14.3% in Fiscal 2025
The balance in the institution’s primary investment vehicle, which includes endowment assets, rose to $47.7 billion in assets under management.
Pensions
Liquidity, Operational Shocks Pose Major Issues for Superannuation Funds
The Reserve Bank of Australia’s new Financial Stability Review also emphasized the importance of building resilience to financial and cybersecurity stress.
Corporate Moves
Madison Dearborn Partners to Acquire Stake in Insurer
The private equity firm will take a minority investment in the Insurance Office of America alongside Canadian broker Navacord.
Regulation
ICI Details Operational Road Map as SEC Moves Toward Approving Dual-Share-Class Structure
The commission indicated last week it is likely to permit the model, and asset managers are already requesting permission.