Newsmakers
CalPERS’ Deputy CIO Dan Bienvenue Leaving in April
The longtime investment staff leader is joining General Atlantic to lead pensions solutions offerings.
News
Newsmakers
Mergers Continue Across Australian Supers
Mine Super and TWUSUPER tie-up official; CareSuper to combine with meat industry fund.
Asset Allocation
Public Equities Lead Healthcare of Ontario Pension Plan’s 9.7% Return in 2024
HOOPP ended 2024 with a funded ratio of 111%, its 15th straight year with more assets than liabilities.
Research
Insurers Further Embrace Private Assets, Especially Private Credit
Approximately 62% of insurers plan to increase their private markets allocations, according to a survey of insurance CIOs conducted by Goldman Sachs.
Asset Allocation
Infrastructure, Real Assets Make Attractive Additions to Fixed-Income Portfolios
The asset classes can provide significant diversification and are uncorrelated with other fixed-income investments.
Corporate Moves
Morgan Stanley Hires New Head of OCIO
Sona Menon is joining from Cambridge Associates.
Asset Allocation
Institutional Investors Expect to Raise Risk Tolerance for Private Markets
Private infrastructure is attracting more attention from pensions, sovereign wealth funds and endowments, per a Nuveen survey.
Pensions
Ontario Teachers’ Nets 9.4% Return, Assets Grow to $185.5B
The fund touted strong returns across equities, credit and inflation-sensitive assets.
Market Moves
Boston Celtics Sold to Consortium of Investors, Including Sixth Street
Symphony Technology Group CIO Bill Chisholm is the lead investor in the $6.1 billion deal for one of the NBA’s most recognizable and valuable franchises.
Research
Deglobalization Has Portfolio Implications, per PGIM
According to research from the asset manager, the world is in an era of two tracks—the 25% now deglobalizing and the 75% still integrating into the world economy.
Newsmakers
WTW Promotes Baker to Chief Strategist, Pliner to CIO
As of April 1, Craig Baker will oversee the firm’s investment strategy, while Jon Pliner will take over as CIO.
Pensions
Broad PRT Market Growth Continued in 2024
LIMRA reported single-premium pension risk transfer sales hit $51.8 billion last year.
Manager Selection
NBIM Appoints Nicolai Tangen to 2nd Term as CEO
Originally named to the post in 2020, Tangen will serve another five years managing Norway’s $1.8 trillion sovereign wealth fund.
Newsmakers
OMERS’ Ralph Berg Shines a Spotlight on Infrastructure
The Ontario Municipal Employees Retirement System CIO explains his fund’s approach to infrastructure, asset allocation, U.S. tariffs and the Canadian model.
Newsmakers
LACERA’s Grabel Emphasizes ‘Strategic Asset Allocation’
During a CIO webinar interview, Los Angeles County Employees Retirement Association CIO Jonathan Grabel explained how the fund designs its portfolio.