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.
News Archive: Oct - 2024
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.
Asset Allocation
Wellesley Endowment Returns 7.8% in Fiscal 2024
Assets of the Massachusetts women’s college rose to nearly $3 billion at the end of June.
Asset Allocation
Surging Domestic Equities, Bonds Buoy Canadian Pensions’ 5% Gain in Q3
The median plan’s returns rebounded from weak gains in the second quarter and negative returns a year ago.
Risk
Pension Funds Mount Defenses Against Growing Cyberthreats
Security is ‘top of mind,’ as attacks have grown and insurance is more costly.
Asset Allocation
Yale Endowment Achieves 5.6% Return in 2024 Fiscal Year
Assets managed by the university’s office of investments rose to $41.4 billion.
Asset Allocation
Princeton’s 3.9% Return Lapped by Ivy League Peers
Five other elite endowments reported returns more than double that of Princeton’s.
Alternatives
Wisconsin Pension Commits $70M in Capital to Altriarch Asset Management
The State of Wisconsin Investment Board will divide the investment between two strategies from the private credit firm.
Corporate Moves
Private Equity Investment in Insurance Surges, While Global Deals Decline in Value
Private investments in insurance are on pace to end the year with their highest total in more than a decade.
Asset Allocation
University of Michigan Endowment Returns 8.93% in Fiscal 2024
The university’s investment portfolio grew by $1.3 billion during the year, reaching $19.2 billion.
Pensions
PBGC Approves $23.6M Grant to Midwestern Teamsters’ Pension Fund
Special financial assistance funds will preserve pension benefits for 615 transportation-industry participants.