News Archive: Sep - 2022
Hartford HealthCare CIO Firing Blindsides Investment Committee
Panel members cite ‘friction’ between ousted CIO David Holmgren and the medical organization’s management.
International Fraud Ring Member Convicted in Scheme Targeting Hedge Fund
Mustapha Raji is found guilty of siphoning $1.7 million from a New York City hedge fund.
Norway Targets Net Zero for Sovereign Wealth Fund by 2050
The $1.2 trillion fund aims to create a system to measure its climate risk exposure by 2025.
David Holmgren Is Out at Hartford HealthCare
Morgan Stanley takes over from longstanding CIO and his team.
IPERS Reallocates Portfolio and Portfolio Agenda
The reallocation sees the fund increasing its overall investment in private equity by 400 basis points.
SPACs Get More Bad News as Several Close
The pullbacks of Palihapitiya, Ackman and other investors illustrate the blank-check companies’ rough road.
Allocation Implementation in a Challenging Investment Environment
Donald Pierce discusses his allocation strategies as CIO of the San Bernardino County Employees’ Retirement Association.
New Report Measures Public Pension Health
NCPERS publishes new metrics to evaluate the sustainability of state and local funds.
Japan’s GPIF Joins ESG Benchmark
Pension giant hopes to encourage the disclosure of ESG data.
Norwegian Sovereign Wealth Fund Adds 9 Firms to Exclusion List
The $1.2 trillion fund excludes companies due to tobacco and recreational cannabis production, as well as environmental damage.
OMERS Infrastructure to Explore Sustainability Investment Opportunities
Joint venture seeks to accelerate work of companies in food, water, energy and other sectors.
How High Will Rates Go? The Fed Thinks 4.6%
At Wednesday’s meeting, it upped the fed funds rate to a maximum of 3.25%.
Lisa Woll to Step Down as CEO of US SIF
Korn Ferry has been hired to help the organization find a new leader after 16 years.
Utah Treasurer Pulls $100 Million Out of BlackRock in ESG Protest
Marlo Oaks is ‘committed to pushing back against ESG,’ which he claims is a left-wing political agenda.