Pensions
BCI Sees Progress and Room for Improvement on Company Engagement
The $181 billion Canadian pension fund voted against management more than one-quarter of the time in fiscal 2023.
News
Opinion
Private Fund Advisers Rules in Retrospect: Just Sound and Fury, Signifying Nothing?
Although vacated by a federal court earlier this year, the rules’ themes are still worth consideration
Alternatives
NYC Comptroller Lander Proposes Excluding Fossil Fuels From Future Infrastructure, Private Equity Investments
The proposal for three New York City pension funds would expand divestment to fossil fuel reserve owners and private markets infrastructure, such as pipelines and distribution terminals.
Newsmakers
NZ Super Picks Internal Candidates as New Co-CIOs
Brad Dunstan and Will Goodwin will be promoted to share the investment chief position.
Newsmakers
Larry Fink: Supercharge Economy Through Infrastructure, AI Investing
Speaking at SIFMA’s annual meeting, the BlackRock head suggested utilizing capital markets to grow the economy above the trend line.
Newsmakers
Rest Super Names Interim Co-CIOs
Two senior members of the fund’s staff will share the role when current CIO Andrew Lill departs.
Corporate Moves
Hightower to Take Majority Interest in Investment Consultant and OCIO Provider NEPC
The acquisition would create a parent company with $1.8 trillion in assets under administration.
Asset Allocation
Consortium Including CPP Investments, EQT, Neuberger Berman Acquires Private School Network
The transaction for Nord Anglia Education will value the day and boarding school system at $14.5 billion.
Asset Allocation
Largest Managers’ Assets Grew 12.5% in 2023 to $128T
Data from WTW's Thinking Ahead Institute show the 20 largest managers account for almost half of global discretionary assets.
Asset Allocation
How Will Increase in Natural Disasters Affect Insurance, Infrastructure Investors?
While those in insurance may seek more liquidity to defend against events like Hurricane Milton, many in infrastructure believe there must be better ways to anticipate such dangers.
Pensions
Dutch Pension Fund ABP Returns 4.6% in Q3
While assets rose to 533 billion euros, coverage ratios fell.
Alternatives
Eldridge Industries Acquires 10% Interest in Blue Owl GP Fund
The investment firm joins more than 30 other institutional investors in the Blue Owl GP Stakes Fund III.
Opinion
Labor Picture Less Worrisome Than It Appears
As the creator of a key Federal Reserve metric has noted, its use as a recession predictor may not be appropriate.
Newsmakers
LSV Asset Management Sued by Former Execs Over $100M in Lost Equity
An Illinois lawsuit alleges the plaintiffs resigned or retired, believing they would retain ownership in the firm.
Asset Allocation
Harvard Assets Reach $53B With 9.6% Return, Endowment Remains World’s Largest
Harvard Management Co. CEO Narvekar attributes returns to public equities, while alternatives lagged.