Asset Allocation
New York State Pension Boosts Private Equity Investments
More than half of the $1.3 billion in June commitments were made within the NYSCRF’s PE portfolio.
News Archive: Aug - 2024
Research
CFA Institute Develops Framework to Clear Up Passive/Active Confusion
According to the association, the ‘bifurcation between active and passive investment products is outdated.’
Market Moves
CalSTRS Votes Against Record Number of Boards in 2024
The $341 billion pension giant opposed more than 2,200 boards of directors in proxy voting this year, mainly on climate risk disclosure.
Risk
Abu Dhabi’s ADQ to Take Minority Stake in Sotheby’s for $1B
The undisclosed stake is part of the sovereign wealth fund’s plan to boost its arts and culture offerings.
Pensions
GE Retirees Strike Deal to Increase Time Limit to Sue Over Unpaid Pension Benefits
Participants had filed an administrative complaint alleging the company renounced its obligation to pay their benefits.
Risk
Lower Inflation Should Herald Higher Stock Prices Ahead, Strategists Say
The market does get cases of the heebie-jeebies, but in recent times, these have been temporary.
Risk
Greece, BlackRock Move Forward With SWF Creation
The country is moving to quickly privatize key assets to pay back bailout loans and launch its new sovereign wealth fund.
Newsmakers
Ayesha Parra Appointed Global Head of Alternatives at Russell Investments
Parra will oversee the firm’s business strategy for its alternatives platform.
Pensions
Rhode Island Pension Returns 10.47% in Fiscal 2024
Assets of the ERSRI system rose to $11.369 billion.
Pensions
Corporate Pension Funded Status Stays Flat in July
Strong equities were equivalent to or offset by a decline in pension discount rates.
Newsmakers
Nature Conservancy Seeking Head of Strategic Investment Initiatives
The investment executive will work on special projects for the $4 billion endowment.
Asset Allocation
UK’s Nest Hires J.P. Morgan’s Campbell Global for Timberland Fund
The fund will seek timberland investments that promote sustainable forestry practices.
Pensions
UK Chancellor Reeves Meets With Maple 8 Bosses on Implementing ‘Canadian Style’ Investing in British Plans
Reeves wants to learn lessons from Canadian plans on investing.
Pensions
Institutional Asset Owners Returned 1.1% in Q2
Markets slowed in the period, according to the Northern Trust Universe tracking system.
Pensions
UC Investments Reaps Big Returns From Index Fund Shunning Fossil Fuels, Tobacco
Some $1.3 billion of the University of California’s $16 billion fiscal 2024 investment gain came from one S&P 500 index fund.