Market Moves
China’s DeepSeek Puts a Question Mark on AI Spending
The startup’s innovative AI model is raising questions about the future of AI stocks and capex.
News Archive: Jan - 2025
Asset Allocation
Abu Dhabi’s ADQ Forms $1.2B Mining Joint Venture With Orion Resource Partners
Orion Abu Dhabi will invest in metals and mining companies across Africa, Asia and Latin America.
Newsmakers
Frank Tessier Named CIO of Santa Clara University’s $1.55B Endowment
Tessier succeeds John Kerrigan, who had been CIO since 2002.
Newsmakers
UN Pension Seeks Deputy CIO
Applications for the role at the $95 billion Joint Staff Pension Fund’s Office of Investment Management are due by March 8.
Newsmakers
Harriet Steel Named to Head Nuveen’s Global Institutional Business
Steel, based in London, joins the $1.3 trillion manager from private credit firm Pemberton.
Pensions
Proposed Kansas Bill Would Authorize KPERS Allocation to Bitcoin ETFs
Senate Bill No. 34 would permit the $27.3 billion Kansas Public Employees Retirement System to invest up to 10% of its portfolio in digital asset exchange-traded funds issued by a Kansas-registered company.
Pensions
Sanofi, Legal & General Complete $1.74B Annuity Buy-In
The plan’s second transaction with L&G kicks off 2025, which could be another record year for pension risk transfer volume.
Pensions
UK Explores Reforms Allowing Pensions to Invest Surplus Assets
The changes could unlock $200 billion that could be applied to different projects.
Newsmakers
Australia’s Hostplus Names Deputy Co-CIO
The hospitality industry superannuation fund promoted Susan Orr from within.
Newsmakers
KKR Names Melissa Kivett as Head of Defined Contribution
The appointment comes during a push for private equity in DC plans.
Newsmakers
Johns Hopkins Hires Georgetown’s Mike Barry as CIO
Managing Director Chris Gill will step in for Barry on an interim basis.
Asset Allocation
European Institutional Investors Remain Wary of Active ETFs, per Report
Only one-quarter of large asset managers are early adopters of exchange-traded funds’ younger siblings.
Newsmakers
Sam Waldon Named Acting SEC Enforcement Head
Acting SEC Chair Mark Uyeda named the former acting deputy director as acting director of the division of enforcement.
Pensions
Dutch Pension Fund Seeks Divestment from BlackRock
PME Pensioenfonds is considering the future of the 5 billion euros it has with the asset manager after it left the Net-Zero Asset Managers Initiative.
Asset Allocation
Strong US Economy, AI Lead to Positive Outlook for 2025 Markets
Implications of Trump polices on tariffs and immigration remain significant unknowns.