Asset Allocation
AP7 Dumps $1.3B in Tesla Stock Over Workers’ Rights at 4-Month High
Sweden’s second-largest pension showed that divesting for ESG purposes doesn’t require taking a loss.
News
Newsmakers
Daniel Crews Named Deputy CIO of Tennessee Treasury
Grant Leslie will step into Crews’ former role as director of private equity.
Alternatives
CPP Credit Investments Provides $300M for Värde Finance Platform
The partnership will focus on subscription line lending and other fund finance products.
Former CFA Institute Marketing Chief Indicted in $6M Embezzlement Scheme
Michael Collins is accused of stealing funds from multiple employers by invoicing them for nonexistent services from companies he owned.
Pensions
Oregon Passes Bill to Manage Climate Change Risks
The legislation, which awaits the governor’s signature, calls for boosting investments in clean energy.
Regulation
The Reason the Senate’s Tax Bill Seems Cheaper Than House Version
Acceding to a Republican request to base the cost estimate for the Senate bill on ‘current policy baseline,’ the Joint Committee on Taxation found the upper chamber's bill much less costly than the House bill.
Asset Management Culture
How Family Offices Should Tackle Hiring, Retention Challenges
A shrinking pool of professionals is putting a strain on recruitment, according to a new family office operational excellence report.
Newsmakers
Brian Funk Named President of MetLife Investment Management
The firm’s global head of private capital became interim president in May.
Newsmakers
Maryland SRPS Names Robert Burd as Acting CIO
The fund’s deputy CIO will be elevated to the role, effective July 1.
Alternatives
Senate Passes Crypto Bill With Bipartisan Support
The GENIUS Act won the support of 18 Senate Democrats and sets new compliance standards for issuers of stablecoins.
News
Asset Managers See Global Equities as Best Short-Term Asset
Over the next five years, a significant number of investors expect international stocks to be top performers, according to Bank of America’s June Global Fund Manager Survey.
Newsmakers
Voya Fixed-Income CIO Tips Treasury Duration, Emerging Market Assets as Offsets
Eric Stein discusses fixed-income opportunities, tariffs and geopolitical risks.
Regulation
Senate GOP Tax Plan Pulls Back on Endowment Tax, Section 899
The bill proposes slight changes to the House version and nixed some provisions, such as the private foundation tax.
Asset Allocation
LP Interest Rises in Secondaries, Private Credit
Private equity and other alternative investments take a back seat, according to Coller Capital’s latest global private capital barometer.
Opinion
The Evolution and Revolution of Active Fixed-Income ETFs
J.P. Morgan Asset Management investors examine how these funds can help integrate all corners of the bond market into allocators’ portfolios.