Manager Selection
New Nest CIO Elizabeth Fernando Plans Steady-as-We-Go Strategy
Move into alts, doubts about emerging markets, and criticism of Shell highlight the pension program’s direction.
Tag: Equities
Market Moves
Alecta Replaces Equities Head in Wake of US Banking Losses
Liselott Ledin was placed on leave after Sweden’s largest pension fund lost almost $2 billion during recent U.S. banking failures.
Market Moves
Uncertainty Expected to Dominate Global Markets
Major economies ‘remain imbalanced’ with more volatility ahead, WTW finds.
News
Global Pension Assets Tumbled 17% in 2022, Worst Fall Since 2008
Simultaneous drops for stocks and bonds hit plans in the U.S. and around the world after a long, steady rise, WTW says.
Newsmakers
CalPERS Equity Portfolio Edges Out S&P 500 Returns in Q4 2022
CalPERS’ equity portfolio returned 7.92% in the fourth quarter of 2022, eclipsing the S&P 500 performance by 84 basis points.
Newsmakers
New York State Teachers’ Posts Strong Q4 Equity Returns
The retirement system finished 2022 with its equity holding total at $40.69 billion, up from $38.46 billion the previous period.
Pensions
How to Boost Diversification, From 2 Wise CIOs
Investment chiefs Jonathan Grabel of LACERA and Thomas Richards of the University of Missouri explain how they have broadened their portfolios’ range of investments.
Asset Allocation
BlackRock’s Suggested 2023 Buys: Investment Grade Corporates and Just 2 Other Bond Types
Still-high inflation and an expected recession call for slighting stocks and most other categories, the asset kingpin advises.
Asset Allocation
DoubleLine: How to Construct a ‘Better Mousetrap’ Trend-Following Portfolio
The noted bond house cobbles together all kinds of asset classes, using diversification to mitigate risk and also ride momentum.
Risk
Here’s Where to Find Opportunities Amid Slow Growth, Says Report
Private equity, hedge funds and high-yield bonds are promising investments for the future, Northern Trust Asset Management advises.
Newsmakers
Philadelphia Union Pension Sues Amazon for Allegedly Lying About COVID Expansion
Lawsuit claims retail giant’s infrastructure investment was a ‘massive, self-imposed, undue drain’ on its finances.
Asset Allocation
Norges Bank Investment Management Names New Co-CIOs of Equities
Norway’s central bank also makes adjustments to the Government Pension Fund Global’s investment exclusion list.
Pensions
Japan’s $1.7 Trillion Pension Giant Breaks Record, Returns 25% in 2020
Red hot equities help the world’s largest pension fund rake in $339 billion in investment gains.
Risk
Liquidity Woes Have Abated, But Don’t Get Too Comfy, JPM Says
After the March freak-out, when even selling a Treasury was tough, a shaky equilibrium prevails.
Asset Allocation
US Public Pensions Boost Stock Exposures Back to Pre-Recession Levels
Investors’ plan allocations to US equities averages 47.3%, the highest level since 2007, says Wilshire.