HESTA Dumps Mining Company Mineral Resources Stake due to Governance, Ethics Concerns
The $58 billion Australian superannuation fund also placed WiseTech on its watch list following four board resignations.
Asset Allocation
$125B Danish Pension Removes Defense Stocks From Blacklist
PFA, Denmark’s largest pension, will allow investments in select defense companies amidst an increase in European defense spending.
Pennsylvania Pension Fund Seeks Divestment of Tesla Shares
The board of Lehigh County’s pension fund has paused purchases of the company's stock and seeks a full divestment.
Australia’s First Sentier Investors Names CFO, Strategy Officer
The appointment comes just as the firm prepares to launch its first ETF on the Australian Securities Exchange.
Proposed Endowment Tax Hikes Would Further Complicate University Investment Strategies
House members have proposed boosting the 1.4% endowment tax rate as high as 21%—matching the corporate tax rate.
Brown University Endowment Adds $5M in Bitcoin ETFs
The endowment purchased 105,000 shares of BlackRock’s iShares Bitcoin Trust exchange-traded fund.
Public Equities Buoy CAAT Pension Plan’s 15% Return in 2024
The C$23.3 billion pension fund’s active management has outperformed its benchmark by 1.5% annually.
ETFs See Lowest Inflows in a Year, per State Street
Investors added to gold, inflation-linked exchange-traded funds during a month of volatility.
How Companies With Frozen, Overfunded Pensions Approach the Future
Corporations are increasingly evaluating de-risking options for their pension funds, while also adding risk to their portfolios.
As Many DB Plans Reach a Surplus, Plan Sponsors Have Options
Delta Air Lines CIO Jonathan Glidden offers a peek into the internal debates.
Market Volatility, Litigation Slow PRT Deal Flow
Solutions could include consideration of plan design and lifetime income options for plan sponsors and participants.
Why Endowments Are Not a Quick Fix for Universities Facing Funding Cuts
Restrictions on use and the funds’ earmarked status limit how much universities can rely on endowments to address funding shortfalls.
Insurer Scottish Friendly Chooses Schroders for $2.37B Mandate
The asset manager will manage the mutual life firm’s insurance assets.
Aware Super Invests $1B in Australia’s ‘Largest’ Intermodal Terminal
The north Melbourne project is designed to create transportation infrastructure to improve supply chains in the country.
Institutional Investors Show Signs of Caution After Risk-Seeking 2024
Amid market uncertainty, institutional investors have been looking for cover this year, per an IFSWF report.