Asset Allocation
CDPQ Reports It Is on Target to Reach Net Zero by 2050
The Québecois pension fund increased its green asset investments by C$29 billion over five years.
Tag: Aquity
Corporate Moves
Cambridge Associates Reaches Minority Investment Target, Sets New Goal
After hitting its goal of making 10% of investments with diverse managers, the investment firm aims for 15% by 2025.
Asset Allocation
New York State Comptroller Files Diversity Proposals
Thomas DiNapoli is calling for more accountability from portfolio firms regarding corporate diversity, equity and inclusion.
Research
Wilshire’s 2022 Diversity, Equity & Inclusion Report Finds Improvement in Asset Management
The share of clients investing with diverse-owned firms grew from 20% to 39% over the past three years, though AUM of by diverse-owned firms remained lower than non-diverse peers.
Manager Selection
NYC Comptroller Hires Diversity, Equity, Inclusion Director
Taffi Ayodele will lead office’s strategy to expand engagement and allocations to minority and women-owned firms.
Newsmakers
Robert Wood Johnson Foundation Seeks New CIO
The $12.7 billion foundation is looking to replace Brian O’Neil, who is retiring at the end of the year.
Risk
CFA Signs Up 40 Firms to Follow Its Diversity, Equity and Inclusion Code
Verus Advisory is the latest to join the group of signatories, which so far represent $17 trillion in assets.
Asset Allocation
There’s a Better Way to Run Investment Teams, CPPIB Says
Silos must be axed to enhance communication, argues strategist Rubin.
Manager Selection
Shundrawn Thomas to Leave Northern Trust Asset Management
The asset manager’s president since 2017, he will co-found an investing firm to help female and minority business operators.
Opinion
Q&A: Shundrawn Thomas Discusses His Push for Diversity, Empathy
The president of Northern Trust Asset Management has written several open letters about the unequal toll marginalized communities face.
Opinion
OP-ED: Disaggregate Your ‘Aggregate’ Composite
Longtime CIO Tony Waskiewicz discusses the benefits of investment grade bonds and Treasuries in this complex market.
Alternatives
Georgia Senate Passes Bill to Allow Teachers’ Pension to Invest in Alts
$78.9 billion pension fund would be permitted to invest as much as 5% of portfolio in alternatives.
Asset Allocation
Almost $14 Billion Pulled From CalPERS Equity Managers
With almost all of its external active equity managers fired, CalPERS is moving billions into its own internally managed index strategies
Regulation
Proposal Denied! SEC Rejects Plan to Allow New Capital Raises Through Direct Listings
NYSE’s new idea hits a roadblock.
Asset Allocation
One-Fifth of CalPERS Equity Portfolio Faces Climate Change Risk
In inaugural report mandated by state, pension details four sectors in which climate change could affect its portfolio.