Asset Allocation
MassPRIM Adopts New Asset Allocation
The Bay State’s investment management board seeks to achieve a 7% annualized rate of return while accepting no greater than a 20% drawdown.
News Archive: Feb - 2024
Asset Allocation
3 Stock Sectors, All Tech, Expected to Soar in 2024
Why biotech, AI and cybersecurity should romp, per State Street.
Pensions
Ontario Teachers’ Seeks Greater Accountability, Transparency in 2024 Proxy Season
The $184 billion pension giant is asking its portfolio companies to improve their climate-change risk management.
Regulation
AI Poses Unique Risks to Investors, SEC Chair Says
Conflicts can be easily concealed by complicated and evolving predictive technologies, Gary Gensler argued.
Asset Allocation
Family Offices Plan to Increase Alts Allocations
CIOs plan to add exposure to private equity, credit and infrastructure and funding by selling cash and equities, according to KKR’s 2023 family capital survey.
Regulation
US Venture Capital Firms’ China Investments Scrutinized by Congress
American VC firms invested in Chinese AI, semiconductor, aerospace and defense startups, including some blacklisted by the U.S., according to a House committee report.
Asset Allocation
Hotel Investing Remains Cheap as Sector’s Recovery Continues, per Expert
Morgan Stanley’s Bluhm notes that lodging deal activity is picking up amid lowering rates.
Pensions
CalPERS Prepares for 2nd Round of CIO Interviews
With the CIO position vacant since September 2023, a second set of interviews will be held on February 28.
Research
Asset Management, Admin Fees Dropped, per Recent Public Sector Pension Data
An NCPERS survey also revealed that real estate and private securities were the highest-performing asset classes for public sector pension funds.
Pensions
NYC-Led Investor Group Pans Starbucks’ Workers’ Rights Assessment
According to New York City Comptroller Brad Lander, a lack of worker input was among four main concerns with the evaluation.
Asset Allocation
BlackRock’s Fink Strikes Truce With Texas
After the Lone Star State blacklisted the asset manager over a fossil fuels issue, the firm’s ESG-minded CEO offers big bucks to improve the state's power grid.
Pensions
US Corporate Pension Plans Continue to Improve Funded Status in January
A rise in discount rates helped most statuses increase last month, according to multiple pension trackers.
Asset Allocation
CalSTRS, HESTA Invest in Generate Capital’s Sustainable Infrastructure Platform
The institutional investors join AustralianSuper, among others, in the latest capital raise, which brought in $1.5 billion.
Regulation
Allocators Condemn UK Regulator’s Plan to Limit Investor Approvals
As it stands, shareholders must assent to M&A or related-party deals. But the FCA wants to ease listing requirements to stem companies decamping to New York exchanges.
SEC Charges Crypto Fund Founders in Nearly $2B Fraud
The regulator alleges the now-defunct HyperFund was a ‘pyramid and a Ponzi scheme.’