Asset Allocation
Los Angeles County Pension Fund Returns 6.4% in Fiscal Year 2023
LACERA outperformed its benchmark by 140 basis points to raise its portfolio’s asset value to $73.6 billion.
Tag: Chief Investment Officer
Newsmakers
Deadline Is Today for 2023 Knowledge Brokers Nominations
Chief Investment Officer is asking asset allocators which consultants and advisers have ‘done right by them’ in the current market environment.
Corporate Moves
Manulife Investment Management Names Aviva’s Colin Purdie as Public Markets CIO
He succeeds Christopher Conkey, who will step down in December after more than 13 years with the firm.
Manager Selection
MetLife CIO Steven Goulart to Retire in August
The firm has a mandatory age-65 retirement policy, although it has been waived in the past; several corresponding promotions were also announced.
Manager Selection
Hargreaves Lansdown Names Toby Vaughan CIO
He was most recently head of investment management at private banking firm Brown Shipley.
Newsmakers
Danish Pension Fund P+ Names New Managing Director
CIO Kåre Hahn Michelsen has been promoted to succeed Søren Kolbye Sørensen as head of the $21.5 billion fund.
Newsmakers
Minority Alts Firm Preserver Partners Names New CIO
Caroline Lovelace succeeds the company’s founder, Floyd Tyler Jr., who passed away in January.
Newsmakers
Bernstein Private Wealth Management Promotes Alex Chaloff to CIO
His co-head of investment and wealth strategies, Beata Kirr, leaves to join private investing firm The Copia Group.
Newsmakers
Founder, Former CIO of Infinity Q Sentenced to 15 Years
Ohio and Texas pension funds were among investors who lost millions as a result of James Velissaris’ fraud.
News
Ping An Investments Aligned With China’s Green Transition Policy, CIO Says
Insurer sets 20% annual growth targets for its green investments.
News
Former Mellon CIO Launches New Asset Management Firm
BC-GUMPS’ first fund will hold a concentrated portfolio of credit default swap positions.
Asset Allocation
Endowments, Foundations Increase OCIO Use, but Underutilize Alts
A CAPTRUST survey also found that the number of nonprofits allocating to ESG investments decreased in 2022.
Manager Selection
Corebridge Financial Names Prudential’s Longino CIO
The former head of Prudential’s global investment strategy will oversee the AIG spin-off’s investment portfolio.
Manager Selection
Ontario Pension Giant OMERS Promotes Ralph Berg to CIO
After the April 1 transition, current CIO Satish Rai will remain as an adviser until he retires in 2024.
Manager Selection
Bridgewater Promotes Karniol-Tambour to Co-CIO
Formerly co-CIO of sustainability, she joins Greg Jensen and Bob Prince in managing the $150 billion hedge fund’s portfolio.