Pensions
NYCERS Becomes 89th Member of Net-Zero Asset Owner Alliance
Only seven other U.S. institutional investors have joined the group, which aims to align its portfolios to meet the Paris Agreement’s climate targets.
News Archive: Nov - 2024
Pensions
Saudi Sovereign Wealth Fund Closes Out October With Flurry of Deals
The Public Investment Fund signed MOUs with five Japanese banks worth $51 billion, among other deals.
Newsmakers
Northern Trust Asset Management Names Peter Wilke Head of Tactical Asset Allocation
Wilke takes on the newly created role after almost 10 years at Wellington Management.
Recognizing the Innovators in Institutional Investing
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Pensions
PSP Investments Acquires 3 UK Airports for $1.94B
The Canadian pension will acquire AGS Airports, the operator of Aberdeen, Glasgow and Southampton Airports.
Newsmakers
UK Chancellor Plans Britain’s Biggest Pension Reforms in Decades
Chancellor of the Exchequer Rachel Reeves proposed the consolidation of more than 80 local government defined contribution funds into pension ‘mega-funds’ in pursuit of Canadian- and Australian-style pension investing.
Pensions
Corporate Pension Funded Status Ticks Up in October
Rising discount rates mostly offset both weak investment returns and declines in plan assets last month.
Newsmakers
Olivia Mitchell to Receive CIO’s 2024 Lifetime Achievement Award
The Wharton professor’s research and efforts have changed public policy on pensions and brought attention to the importance of financial literacy.
Asset Allocation
Bond Market Volatility Expected to Persist
Significant changes from President-elect Trump’s fiscal policies are likely to have an impact into the second half of 2025 and beyond, bond market sources say.
Newsmakers
Qatari Sovereign Wealth Fund Promotes Mohammed Al-Sowaidi to CEO
Al-Sowaidi had been the Qatar Investment Authority’s CIO for the Americas.
Regulation
Invesco Pays $17.5M Fine to Settle SEC Greenwashing Charges
However, the future of ESG regulation in the U.S. is unclear under a second Trump administration.
Opinion
Japan’s Structural Awakening
Where to find productivity after 30 years’ slumber, according to Nikko Asset Management’s chief global strategist.
Corporate Moves
Wall Street Year-End Bonuses Set to Jump for 1st Time Since 2021
Across roles, most finance professionals will see huge compensation increases this year, per a survey from Johnson Associates.
Asset Allocation
Japan’s GPIF Posts Worst Quarterly Loss Since Covid Outbreak
The pension giant lost 3.6% during the second quarter due to foreign bonds and falling domestic stocks.