Pensions
Ontario Teachers’ Pension Leads $150M Venture Round for Credit Card Startup Bilt
Other funding sources included endowments at Vanderbilt and the University of Illinois.
News Archive: Aug - 2024
Pensions
Pension Fund Sues KKR, Alleging $500M Payout Had ‘No Value’ to Unitholders
The lawsuit claims the firm’s founders and executives breached their fiduciary duties and ‘wanted to enrich themselves.’
Pensions
OMERS to Expand Investments in Italy With Acquisition of Transit and Advertising Network
The pension fund, along with DWS, will fully acquire Grandi Stazioni Retail.
Pensions
Nova Scotia Fund Returns 7.93% in Fiscal 2024
Assets of the Nova Scotia Pension Services Corp., which oversees four pension funds, rose to nearly $10 billion.
Asset Allocation
NASCAR Considering Ban on Investment Stakes From Sovereign Wealth Funds
New charter agreements could also include rulings on private equity stakes, per reports.
News
Public Equities, AI Tech Firms Spur 10% Rise for NYC’s Pension Funds
The aggregate value of the city’s five pension funds rose to more than $274 billion in fiscal 2024.
Research
Coinbase Unit Fined $4.5M in UK for Offering Crypto Trading to High-Risk Investors
The UK’s FCA alleged CB Payments’ repeated breaches of a voluntary requirement went undiscovered for almost two years.
Pensions
Fresno Retirement Systems Announce 10.37% Pension Return
The fund outpaced its 9.89% benchmark with strong stock returns.
Asset Allocation
Stocks Tend to Zigzag Around Olympics, Says Ned Davis
They usually drop before the summer games, then recover, the research firm found.
Regulation
SEC’s Best Takes Leave Again to ‘Focus on His Health’
Keith Cassidy will serve as interim acting director of the regulator’s examinations division, as Best takes second medical leave in a year.
Asset Allocation
Troubles Ahead? Allocators Say They Are Ready
In a Mercer survey, asset owners say they feel ‘resilient’ about market risk and inflation.
Pensions
San Bernardino County Pension Announces Preliminary 9.3% Return in Fiscal 2024
The assets of SBCERA grew to $15.2 billion.
Asset Allocation
Ireland’s Department of Finance Begins Setting Up 2 Sovereign Wealth Funds
The Future Ireland Fund and the Infrastructure, Climate and Nature Fund are expected to grow to 100 billion euros and 14 billion euros, respectively.
Asset Allocation
Investors Start to Welcome Non-Animal Protein
Plant-based sources move onto the table to supplant beef and its ilk.
Asset Allocation
The Alpha Opportunities of Declining Biodiversity
How institutional investors are starting to navigate the challenges of natural capital investments.