Pensions
KPPA Releases Fiscal Year 2023 Annual Report
The Kentucky Public Pensions Authority saw assets increased to $24.9 billion in the period ending June 30, 2023.
News Archive: Dec - 2023
Pensions
Norway’s KLP Pension Announces Divestments From Gulf Countries Over Human Rights
The exclusion was the fund's eighth such announcement this year.
Asset Allocation
Expectations Wobble for Another Decade of Strong Equities
It’s a ‘particularly perilous’ time to forecast ongoing stock outperformance, says a new report from AQR.
Risk
Will AI Compromise Security for Institutional Investors?
Integrating artificial intelligence is all the rage, but organizations must consider what vulnerabilities it might expose and how they can plug them.
Manager Selection
Missouri LAGERS Begins Search for New CIO
CIO Brian Collet, who has led the system to 8.5% annualized returns over the last 15 years, will depart at the end of January.
Manager Selection
The New York State Common Retirement Fund To Host Emerging Manager Conference
The 17th Annual Emerging Manager & MWBE Conference to be held in Albany.
Research
Research Report: Pension Bailouts Lead to Risky Behavior
According to the paper, the American Rescue Plan Act is a near-term plug but does not fix long-term insolvency problems.
Pensions
Despite Concern From Lawmakers, US Pensions and Endowments Pour Into China
According to a report from Future Union, US-based pension funds and university endowments have allocated billions to Chinese investments.
Regulation
SEC Stock Buyback Disclosure Rule Vacated by Appeals Court
The rule would have required much more information on buybacks to be disclosed to investors.
Corporate Moves
AP3, Wafra Introduce Private Equity Investment Platform
Covalent will initially be capitalized with $1.05 billion to focus on investments in North America and Europe.
Asset Management Culture
Asset Managers Ponder Investments in AI as Security Risks Compound
A study from Rackspace shows that asset managers are seeking to implement artificial intelligence in their workflow.
Risk
Pension Risk Transfer Contracts Hit Record Numbers in 3Q
Dollar volume lagged, but that may be a sign of smaller plans’ increased use of PRTs.
Market Moves
Bob Doll’s 2023 Predictions Underperformed
The Wall Street heavyweight’s forecast did not live up to his three-decade record, as a widely predicted recession did not materialize.
Asset Allocation
Alternatives Watch Research, Vidrio Release 2024 OCIO Outlook
Private equity and credit are expected to dominate asset mandates for the next 12 to 14 months.
Manager Selection
Texas Municipal Retirement System Hires New CIO From CalPERS
Yup Kim, CalPERS’ investment director of private equity, will join TMRS on January 15.