Pensions
AIMCo Achieved 8% Balanced Fund Return in 2023
Equities and private debt boosted fund returns, while real estate lagged.
News Archive: Apr - 2024
Asset Allocation
Tech Stocks Lead Norway’s Pension Giant to 6.3% Return in Q1
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
Risk
Private Credit Could Threaten Financial Stability, Create Huge Losses, IMF Warns
Pension funds, sovereign wealth funds, insurance firms and family offices ‘could be caught unaware by a dramatic rerating of credit risks across the asset class.’
Research
What Does Moody’s Bad Outlook for 3 Key BDCs Mean for Private Credit?
Maybe not much. The business development company stock index has kept climbing, regardless.
Corporate Moves
Shareholder Activists Call for Removal of ExxonMobil CEO
Asset owners seek to block ExxonMobil appointments.
Research
How and Why Higher-Quality Data Can Improve Investment Returns
A Q&A with Dane Rook, on a recent research paper he co-authored.
Newsmakers
Juan Bernal Appointed CIO of Insurer MAPFRE
Bernal’s appointment as investment chief of the $40 billion insurance asset manager is effective May 1.
Research
Strong Data Governance Can Lead to Higher Long-Term Returns
Asset owners should make sure quality data supports each investment decision, a new paper finds.
Asset Allocation
Wellington Management Closes $385 Million Climate Innovation Investment Fund
The fund will primarily invest in late-venture and early-growth companies.
Newsmakers
Notre Dame CIO Mike Donovan to Retire
Donovan will be succeeded by Tim Dolezal in the CIO role.
Research
How Endowments Can Evaluate Their Sustainability Levels
A new method to assess institutions is unveiled, with the highest marks going to Lewis & Clark College.
Regulation
DOL Budget Notes PBGC Insurance Surpluses, Requests More Administrative Funding
The budget proposal also asks for additional funding implementation of SECURE 2.0 provisions.
Research
ECB Research Finds Climate-Aligned Banks All Talk, No Action
White paper’s findings suggest that voluntary private-sector initiatives ‘may have relatively little impact on decarbonization.’
Risk
If a Hesitant Fed Won’t Cut, Other Central Banks Will, Says Ned Davis
Chair Jerome Powell declares that the Federal Reserve is in no hurry to reduce rates due to sticky inflation.
Pensions
CalPERS To Helm Climate Action 100+
CalPERS’ Michael Cohen will be appointed as steering committee chair of the organization.