Pensions
CalSTRS Achieves 8.4% Return in 2024 Fiscal Year
Assets of the California teachers’ fund rose to $341.4 billion at the end of June.
News Archive: Jul - 2024
Alternatives
Ares Closes Largest Private Credit Fund
The $34 billion Ares Senior Direct Lending Fund III aims to lend to middle market companies.
Market Moves
IPOs Make a Comeback: First Half Deals Total 20% More Than 1H 2023
Cold storage provider Lineage leads the pack with $4.4 billion offering.
Market Moves
CAIA and the Toigo Foundation Partner to Accelerate Diversity in Alternative Investments
The partnership will cover education, networking and industry exposure.
Pensions
Mass PRIM Achieves 9.9% Return in Fiscal 2024
Assets of the PRIT fund reached a record $105.3 billion at the end of June.
Alternatives
As Mega Alts Funds Appear, Emerging Managers Face Bigger Hurdles
But allocators point to opportunities they find when investing with smaller, newer firms.
Regulation
Teamsters Plan Receives $5.7B From PBGC
The grant will keep the plan solvent through 2051.
Asset Allocation
CDPQ Finances $75M in Second Investment in Quebec Data Center Provider Vantage
Institutional investors are fueling momentum in data centers, which continue to grow in 2024, according to CBRE research.
Corporate Moves
Value of Pension-Backed M&A Deals Soars to $13.6B in Q2
Despite seven fewer transactions than one year earlier, total deal value rose 158%.
Pensions
Pensions in Michigan, Jersey City Add Bitcoin ETFs to Portfolios
Only three public pension funds are known to have acquired these types of ETFs.
Risk
Expect More Borrowing Once the Next Recession Hits, Says Strategist
U.S. consumers usually reduce taking out loans in a slump, so one likely winner in the coming downturn, per BCA’s Papic, is homebuilders’ stocks.
Pensions
Public Equity Allocations Lead the Way for Public Pension Funds
The top-performing public pension funds this year are likely to thrive with a higher allocation to equities, according to Markov Processes International.
Asset Allocation
Singapore GIC Announces 20-Year Rolling Return Rate of 3.9%
The fund aims to add diversification to its portfolio and sees opportunities in long-term flexible capital financing for the energy transition.
Pensions
Dallas Pensions’ Low Returns, Funded Ratios Blamed on Private Equity Performance, Allocation
A city-commissioned analysis found Dallas will have to contribute ‘significant' amounts of money to improve the pensions’ funded status.
Newsmakers
NZ Super’s Jo Townsend Shares Stakeholder Update
The superannuation chief lays out the fund’s upcoming goals.