Opinion
Japan’s Structural Awakening
Where to find productivity after 30 years’ slumber, according to Nikko Asset Management’s chief global strategist.
News
Corporate Moves
Wall Street Year-End Bonuses Set to Jump for 1st Time Since 2021
Across roles, most finance professionals will see huge compensation increases this year, per a survey from Johnson Associates.
Asset Allocation
Japan’s GPIF Posts Worst Quarterly Loss Since Covid Outbreak
The pension giant lost 3.6% during the second quarter due to foreign bonds and falling domestic stocks.
Newsmakers
Eduard van Gelderen Appointed Head of Research at FCLTGlobal
The appointment of the former PSP Investments CIO is effective December 15.
Newsmakers
Sovereign Wealth Fund Group Elects New Leaders
The head of Morocco’s strategic investment fund was elected to chair the IFSWF for a three-year term.
Newsmakers
Jacques Chappuis Appointed President, CEO of PGIM
Currently leading Morgan Stanley Investment Management, Chappuis will succeed David Hunt in May 2025.
Pensions
Alberta Government Fires AIMCo Board, CEO
Concerns over costs led the provincial leadership to clean house and appoint Ray Gilmour as interim CEO.
Newsmakers
Australia’s Prime Super Names McQueen as New Investments Head
Formerly head of Media Super prior to and during its merger, Michael McQueen will run investments for the multi-industry superannuation plan.
Newsmakers
The Many Ways Tech Tools Impact Investors
Panelists speaking at CIO’s Cyber Cache event discussed the technology solutions and tools they find most useful in their investment operations.
Newsmakers
Tom Darnowski Promoted to Americas CEO at Schroders
Currently global head of product strategy, Darnowski’s appointment is effective January 1.
Regulation
Congressional Tax-Writing Committee Chairs Could Make Big Impact in New Congress
Control of the House remains undecided, while Idaho Senator Mike Crapo is in line to lead the Senate Committee on Finance.
Asset Allocation
Norges Bank Acquires 97.7% Stake in Silicon Valley Office Property
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
Market Moves
Stocks Surge on Trump Re-Election
GOP victories in the White House and the Senate open the door for tax cuts, deregulation and harsher trade policies.
Pensions
Aon Adds $4.56B in OCIO Assets With 3 New Clients
A defined benefit pension administered by the company is among the funds outsourcing assets in its EMEA region.
Asset Allocation
Utilities, Real Estate Equities Fuel Canadian Pension Plans’ 5.1% Q3 Returns
The performance raised the plans’ year-to-date return to 9.6%.