Newsmakers
NYC Comptroller’s Deputy CIO, Private Equity Head Departs
Eneasz Kądziela will leave the New York City pension system for a new opportunity.
News
Manager Selection
Texas Permanent School Fund, Velocity Back $500M Collegiate Sports Initiative
Sports agency Elevate announced the Collegiate Investment Initiative, designed to provide capital for college sports-related investments in the wake of the House v. NCAA settlement.
Pensions
New York State Common Retirement Fund Assets Rise to $272.8B With 5.82% Return
The pension slightly missed its long-term benchmark in the fiscal year that ended March 31, while Comptroller Thomas DiNapoli warned of continuing market volatility.
Corporate Moves
Kuwait Investment Authority Joins AI Infra Partnership With BlackRock, Microsoft
The firms, along with MGX, plan to mobilize $100 billion to scale data centers.
Market Moves
Trends Emerging in Active, Unusual Proxy Season
The year could shape what measures end up in proxy seasons going forward and who is casting the votes.
Newsmakers
Vivek Jindal Named CIO of Caprock
The investment chief, formerly the CIO of Kore Private Wealth, most recently served as head of growth and private markets at Corient.
Corporate Moves
Franklin Templeton to Acquire Private Credit Manager Apera
The $5.7 billion firm will focus on direct lending in the European lower-middle market.
Manager Selection
Illinois Municipal Retirement Fund Commits $300M to Real Assets, Alts
The IMRF made commitments with Blue Owl Real Estate, Khosla Ventures, Charlesbank Capital Partners and Great Hill Partners.
Pensions
PSP Invests More Than $1.5B in Fiber Infrastructure Joint Venture With BCE
The partnership aims to build fiber networks in underserved areas of the U.S.
Pensions
Rising Discount Rates Push Pension Risk Transfer Costs Lower in April
Transferring retiree assets now costs an estimated 101.1% of a plan’s accumulated benefit obligation.
Newsmakers
Due to AI, Norway’s $1.8T Pension Giant Needs No More Employees—for Now
The Government Pension Fund Global shed more than 37% of its workforce in 2024.
Newsmakers
Northern Trust Names Katherine McCabe to Lead OCIO Strategy
McCabe will spearhead relationships between Northern Trust’s asset servicing business and outsourced CIO providers in a newly created role.
Pensions
Aon Advises German Pension Clients of Risks to US Assets
The investment consultant recommended corporate pensions stop making new investments in the U.S.
Asset Management Culture
How CIOs, OCIOs Are Structured to Face New Investing and Operational Challenges
Market shifts and new technology have changed how CIOs organize their teams.
Asset Management Culture
How Asset Owners Are Attracting Talent and Their Issues Doing So
Careers at public pension funds, endowments and other institutional investors may not match the pay or the locations of private sector firms, but these institutions can still find an edge.