Asset Allocation
New York Common Earmarked More Than $1.1 Billion to Alts in December
The pension fund also terminated a nearly $500 million account with Rockefeller Asset Management.
News Archive: Feb - 2023
Risk
Why Meta’s Stock Surges, Despite Skunky Earnings—A Harbinger for Tech?
Slammed in 2022, the Facebook parent and its Big Tech kin see their shares dazzle now, even if their financial performances haven’t.
Newsmakers
More Than 100 Investment Organizations Sign CFA’s Diversity Code
Top-flight entities, from CalPERS to Cambridge Associates, pledge to boost DEI and track their progress.
Newsmakers
Peter Branner Hired to Assume CIO Role at Abrdn
Abrdn, the Scotland-based global investment company, has appointed Peter Branner as CIO, effective May 1.
Manager Selection
CalSTRS Promotes 2 to Senior Investment Director Roles
Geraldine Jimenez will be responsible for public markets, while Mike DiRe will oversee private markets.
Newsmakers
LACERA Issues RFP for System’s Real Assets Emerging Manager Program
The $67.6 billion pension system is seeking a discretionary separate account manager to implement the Real Assets Emerging Manager Program.
Newsmakers
Preparing an Internal Successor Requires ‘Looking to the Future’
A case study on internal CIO succession, with Carol Tusch replacing Bob Hunkeler at International Paper.
Pensions
Canadian DB Pension Plans Lost Estimated 10.3% in 2022
The median loss was the highest reported since the 2008 financial crisis.