Regulation
Industry Feedback on the IB 95-1 Report
The report does hint at where future DOL priorities might be on PRTs.
News Archive: Jun - 2024
Opinion
The Impact of Impact Investing: SDGs and ESG
By building a customized portfolio based on ESG and UN SDG principles, investors can have an impact without sacrificing returns.
Asset Allocation
How Investors Can Benefit From Energy’s Coming Changes
JPM’s Michael Cembalest explores opportunities as renewables rise, but fossil fuels will too as the population grows.
Pensions
Rolls-Royce & Bentley Pension Enters $1.1 Billion Annuity Buyout
The pension risk transfer with Standard Life will cover 6,000 employees.
Regulation
Supreme Court Rules SEC In-House Judge Process Is Unconstitutional
Decision upholds defendants’ rights to a jury trial when civil penalties are imposed.
Opinion
Lessons on How to Manage Major Systemic Risks
Investors’ thoughts on how system-level investing, focusing on interconnections between stressed, complex systems, can impact portfolio performance and where it can help.
Asset Allocation
Gabelli’s Global Investing Game Plan: Go Big on US Stocks
For 3 of the asset manager’s top strategists, the notable exception is Tesla.
Pensions
British Columbia Investment Management Returns 7.5% in Fiscal 2024
Assets of the plan increased to $182.88 billion at the end of March, boosted by strong returns in equities and private debt.
Pensions
NY State Pension Returns 11.55% in Fiscal 2024, Dumps Another Stock Fund
The $267.7 billion pension giant cashed out of $3.8 billion worth of equity investments in March and April alone.
Regulation
Bob McCormick to be Council of Institutional Investors’ New Leader
McCormick will be replacing outgoing director, Amy Borrus.
Pensions
STRS Ohio Board Votes Against Performance Bonuses for Investment Staff
The board of the pension fund voted 5-4 to negate any performance-based compensation.
Asset Allocation
Australia’s Future Fund, QIC Buy 19.8% Stake in Toll Road Owner Connect East
Future Fund CIO Ben Samild said the deal is in line with the A$223.4 billion sovereign wealth fund’s strategy to increase its Australian dollar exposure.
Regulation
No Recommendations Yet From the Labor Department on PRT Provider Selection
The department published its overdue report on the rules for selecting an annuity provider, but put off making any changes.
Newsmakers
The California Endowment Appoints Kelli Washington as New CIO
The new investment chief of the $4 billion endowment comes from Cleveland Clinic.
Asset Allocation
Gap Narrowing Between Infrastructure Investments and Allocation Targets
Institutional asset owners are closing in on their infrastructure target allocations, research from Hodes Weill & Associates and Cornell finds.