Dhillon Nominated to Lead PBGC
The former Equal Employment Opportunity Commission chair under President Donald Trump is now expected to lead the Pension Benefit Guaranty Corporation.
News
CalSTRS Achieves 7.7% Return in 2024, Assets Reach $349.7B
Returns for the California State Teachers’ Retirement System were boosted by equities.
Capricorn Investment Group Adds to OCIO Practice
Mark Berryman and Nick Flores joined the firm as partners from multi-family office Caprock.
How Sports, Niche Investments Provide Diversification, Risk-Adjusted Returns
Asset allocators are increasingly interested in sports, and Cordillera’s Ashley Marks explains that such opportunities are attractive to the right portfolio.
Ontario Teachers’ Makes Nearly 8-Fold Gain From C$4.6B Amica Sale
The pension fund acquired the luxury senior homes operator in 2015 for C$578 million.
Connecticut Democrats Try Private Endowment Tax Again
This time around, they may have help from congressional Republicans.
South Korean Pension NPS Rakes in Record 15% Gain in 2024
The National Pension Service’s second consecutive all-time high annual return raised its asset value to $830 billion.
Stanford Launches 2nd Long-Term Investing Fellowship Cohort
The one-year rotational program will see fellows learn, research and work at Stanford and the California Public Employees’ Retirement System.
Rice University Promotes John Lawrence to CIO
The fund’s interim investment chief and deputy CIO has been named to the top role.
Neuberger Berman Names Maya Bhandari CIO of EMEA Multi-Asset Strategies
Bhandari joins from BNP Paribas, where she was global head of multi-asset.
Gallagher & Co. Acquires Investment Consultant, OCIO Firm Agilis Partners
The Agilis team will be merged into Gallagher’s operations.
How Big Is OCIO Market? At Least $4.79T, per Chestnut Advisory
Outsourced CIO assets are at least 25% larger than average estimates, the investment consultant found.
US Stocks Fall After Tariff Announcement
The major indices declined as trade war threats, previously seen as a negotiating tactic, have become a reality.
Independent Schools Increasingly Using Outsourced CIO Providers
Nearly one-half of institutions surveyed by Commonfund reported using an OCIO.
Investors Move More Into Alts Following Stock Surge
Illiquid asset classes are among those viewed as stable amid growing uncertainty about the U.S. economy and global public markets.