Cambridge Associates Reaches Minority Investment Target, Sets New Goal
After hitting its goal of making 10% of investments with diverse managers, the investment firm aims for 15% by 2025.
Corporate Moves
NYC Pension Fund-Led Group Strikes Deal With Apple on Workers’ Rights to Organize
Tech giant agrees to publish independent assessment on employees’ rights to unionize.
Investors Worldwide Agreed to Class Action Litigation Settlements Totaling More than $7.4 Billion in 2022
Totals rose more than 75% from 2021.
Eric Kirsch to Retire as Aflac Global CIO in March
Deputy Global CIO Bradley Dyslin to assume the role at the beginning of 2023.
Microsoft Threatens Apple’s Market Cap Supremacy
Both once seen as has-beens, the two tech giants draw closer as the software firm picks up speed.
Simiso Nzima Named Head of CalPERS’ $250 Billion Global Equity Portfolio
The pension giant’s global equity program accounts for more than half of its entire asset value.
The Curious Case Against Hedge Funds in Kentucky
Missouri’s new CIO is still fighting a nearly four-year-old lawsuit in Kentucky over investments that appear to have performed as intended.
Breaking News: Interim CIO Announced at FL SBA
As Ash Williams plans to retire in 9 days, Florida announces interim.
Northern Trust Taps Angelo Manioudakis as Chief Investment Officer
The co-founder of Lantern Harbor Investment Partners will oversee more than $1.2 trillion in assets under management.
Gensler Stands Up for the Robinhood Gang
It’s OK for meme investors to collaborate on social media, the SEC boss says. Too bad for short sellers.
Do Last Year’s Historic Fund Performances Help or Hinder a CIO’s Career?
Recruiters and consultants weigh in on what they’re seeing.
Pension Fund Investment Portfolios Thrive During Pandemic
Many of the world’s largest institutional investors report over 20% gains despite the economic impact of COVID-19.
TAE Technologies Hires William Coaker as First CIO
Kurt Braitberg has been tapped as his successor at the $34 billion San Francisco Employees’ Retirement System.
University of California Reports Biggest One-Year Gain in History
The portfolios returned 28.9%, or $38 billion, in 2021 to raise their total asset value to $168 billion.
Job Posts Suggest Franklin Templeton Is Ramping Up Crypto Investing
The asset manager, which has over $1.55 trillion in AUM, is looking to hire a cryptocurrency trader and cryptocurrency analyst.