News Archive: Feb - 2024
Risk
Institutional Investor Group Urges Asset Managers to Deliver on Climate Strategies
A U.N.-backed alliance with $9.5 trillion in AUM warns that the entire global economic system is at risk from climate change.
Pensions
Oregon Plans for Net Zero Portfolio by 2050
Significant climate investments aim to reduce the portfolio’s carbon emissions by 60% by 2035.
Asset Allocation
U.S. Large-Cap Equities Drive Mass PRIM’s 11.4% Return in 2023
The Massachusetts state pension fund fell just short of its benchmark, as its asset value grew to more than $100 billion.
Risk
What Could Go Wrong? 5 Black Swan Scenarios for 2024
BCA Research sketches out how such events could roil the markets—and the world.
Pensions
CalSTRS Begins Search for Next CIO
A job posting lists requirements for Chris Ailman’s successor.
Newsmakers
Singapore’s GIC Announces Leadership Appointments
The Sovereign Wealth Fund will see 8 senior leaders change roles or step down.
Pensions
US Public Pension Funds Sensitive to Market Correction, per Fitch Report
Investment volatility has re-emerged as a concern for pension plans.
Risk
Is Private Credit Starting to Show Some Stress?
A pair of global lenders have disclosed bad private credit deals in recent weeks, spotlighting the need for due diligence in the sector.
Regulation
SEC Finalizes Liquidity Dealer Rule
The rule would require unregistered liquidity providers to register as dealers with the SEC.
Pensions
Shell Closes $4.9B Pension Risk Transfer With Prudential
The pension obligations cover 21,500 of the company's retirees, the first large PRT transaction in the U.S. this year.
Newsmakers
Texas Permanent School Fund Appoints Stu Bohart as Deputy CIO
Bohart will oversee strategic partnerships and the fund’s absolute return portfolio.
Asset Allocation
What Monetary Policy Means for Portfolio Returns
Public pension allocators talked Fed predictions, portfolio strategies and uncorrelated assets in a webinar hosted by CIO.
Asset Allocation
Energy Transition and the Global South
The World Economic Forum seeks to accelerate clean energy investment and opportunities in emerging markets; sees need for up to $2.8 trillion by 2030s.
Regulation
SEC Predictive Analytics Proposal Targeted by Senate Republicans
The proposal has been widely criticized by the financial industry for being too broad in its application.