Pensions
Strong Q4 Returns Propel Canadian DB Pensions to 9.1% Return in 2023
Private and public sector plans returned 8.4% in the final quarter, according to RBC Investor Services.
Tag: Global Equity
Corporate Moves
T. Rowe Price Promotes Eric Veiel to Head of Global Investments
The current head of global equity will take over the role for CEO Rob Sharps at the start of the new year.
Asset Allocation
Global Equities Rebound Propels NZ Super to 11.87% Return
The pension fund’s asset value increased by NZ$9.7 billion to NZ$65.4 billion during the fiscal year that ended June 30.
Pensions
Florida’s Pension Posts $14 Billion Investment Loss in Fiscal 2022
Portfolio’s 6.7% loss misses benchmark by a mile, as funded ratio sees double-digit drop to 82.9%.
Asset Allocation
San Bernardino County Moves to Trim Foreign Stocks
The California county’s plan, already low on equities, reduces its stock allotment further due to the world’s troubles.
Asset Allocation
NYC Comptroller Changes Tune on Pension Funds’ Alt Holdings
Brad Lander wants the city’s pension funds to be able to invest more in alternative assets. Last year he called some of them ‘risky and speculative.’
Asset Allocation
NY Pension Shifts Global Equity Assets to Alts
The New York State Common Retirement Fund has also committed $2 billion to a climate transition index.
Corporate Moves
Simiso Nzima Named Head of CalPERS’ $250 Billion Global Equity Portfolio
The pension giant’s global equity program accounts for more than half of its entire asset value.
Asset Allocation
CalPERS Revises Fixed Income and Public Equity Investment Policies
The policies move away from return-oriented goals to being a source of liquidity and strong beta.
News
CalPERS, Just Missing Target, Broadens Its Investment Strategies
The giant pension fund is switching from return-oriented goals to a sharper focus on liquidity and strong betas.
CalPERS Invests $1B in ESG Global Equity Portfolio
Another $260 million invested in synthetic equity portfolio.
CalSTRS Vexed over Plan Aimed to Promote Diversity Among Fund Managers
CIO aims to fix program that hired young, female, and minority managers, whose returns are sub-par.
MSCI EM Index Up 25% YTD
WTI Crude prices hit $50 for the first time since May.
CalPERS Seeking Global Equity, Private Equity “Transition” Managers
Pension looking for successful early-stage managers who no longer fit its “Emerging” category.