Pensions
Nokia Named Mercer as OCIO for US Retirement Plans
The telecom giant outsourced the investment of its defined benefit pension and defined contribution portfolios.
News
Institutional Investors Representing $9.4T Have Set Decarbonization Targets
81 members of the UN’s Net-Zero Asset Owner Alliance plan for net-zero portfolios by 2050.
Corporate Moves
Global PSSL Establishes Asset Owners Council
The organization aims to promote sustainability, transparency and governance in securities lending.
Asset Allocation
UK Pension Allocates 3% of Portfolio to Bitcoin
According to pension adviser Cartwright, an unnamed client allocated a single-digit percentage to the digital asset.
Pensions
PBGC Approves SFA Funding for 4 Pension Funds
Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund, all distressed funds, were provided with support.
Asset Allocation
CPP Investments Launches Joint Venture to Bolster UK Housing Market
The C$648.8 billion pension giant will own a 90% stake, while real estate firm Kennedy Wilson will take a 10% interest and manage the operation.
Pensions
Florida CFO Tells Pension Funds to Consider Crypto Investments
Jimmy Patronis called on the $245 billion State Board of Administration to study adding digital assets to the state’s pension fund.
Alternatives
For More Than the Fun of It
Established and emerging sports leagues are opening up and attracting institutional investors to a range of opportunities.
Alternatives
Investing Beyond the Pros
From youth sports to wellness to gambling, technology has made it easier to invest in—and profit from—sports.
Pensions
Underperforming Alts Weigh Down New Hampshire Pension Returns
The New Hampshire Retirement System’s 8.8% fiscal 2024 return missed its benchmark by 310 basis points.
Newsmakers
Mark Baumgartner appointed CEO, CIO of University of Florida Endowment
An alumnus, Baumgartner will succeed Bill Reeser, who is scheduled to retire at the end of the year.
Corporate Moves
Arctos Partners in Talks to Buy Stake in NFL’s Buffalo Bills
The sports investor was one of several private equity firms approved earlier this year to buy a stake in a National Football League franchise.
Asset Allocation
Australia Future Fund Revamps Portfolio With Pivot to Active Management
The A$224.9 billion sovereign wealth fund has been targeting surging Japanese equities.
Manager Selection
Illinois Municipal Retirement Fund Seeks Real Estate Managers
The IMRF aims to commit at least $50 million to residential property strategies.
Pensions
Deutsche Bank UK Pension Completes $1.4B Buy-In
The pension risk transfer transaction will be the bank’s third with Legal & General.