Asset Allocation
World’s 300 Largest Pension Funds’ Assets Rise to Record $23.6 Trillion
Japan’s GPIF remains the largest pension fund in the world for the 20th straight year.
News Archive: Sep - 2022
Asset Allocation
Higher Discount Rates Offset Lower Equity Values in August
U.S. corporate pension funds improve by 0.7 percentage points, to 99.0% in August from 98.3% in July.
Asset Allocation
Danish Pension Fund ATP Loses 36.4% in First Half of 2022
Falling equity markets and rising interest rates are blamed for the portfolio’s $7.7 billion loss.
Asset Allocation
Iowa Public Pension Fund Loses 3.9% in Fiscal Year 2022
Asset value of trust fund falls by more than $2.7 billion to end the year with just over $40.1 billion.
Newsmakers
Prudential Names Don Guo Group CIO
Guo joins the insurance giant from Catalina Holdings, where he was CIO of Asia and Europe.
Newsmakers
Deutsche Bank Completes Global CIO Team
Appointment of CIO for Middle East, Africa and Europe, excluding Germany, rounds out six-member team.
Asset Allocation
Hawaii State Pension Fund Returns 3.66% for Fiscal Year 2022
The fund, which has an asset value of just under $22 billion, is seeking a new CIO.
Newsmakers
Directors Guild Pension Hires USC’s Edgar Smith to be First CIO
Smith, a hedge fund and U.S. equity expert, has been a critical part of the University of Southern California’s endowment.
Asset Allocation
NY State Pension Allocates Over $1 Billion to Alts in July
The pension fund committed nearly $500 million to real assets during the month.
Regulation
US DOL Extends Comment Period for QPAM Exemption Proposal
Regulator also schedules a hearing for November 17, deadline for requests to testify is October 11.
Risk
US Pension Risk Market Sales See Record-Breaking Q2
Buyout sales increase by triple-digit percentage points for second consecutive quarter.
Asset Allocation
2022 Not-for-Profit Investment Survey Finds Significant Presence in Private Markets
The trend coincides with an increased awareness of and emphasis on environmental, social and governance issues.
Asset Allocation
CalSTRS Moves to Lower Holdings of Carbon Emitters
Pension fund wants to halve its investment exposure to them by 2030.
Pensions
Delaware Enacts Private-Sector Retirement Mandate
Program extends retirement benefits to private-sector workers who lack access to employer-sponsored plans.
Risk
Wall Street Nervously Waits for the Jobs Report
Investors hope for a low number, which could mollify a hawkish Federal Reserve.