Asset Allocation
Stanford Investment Vehicle Returns 8.4%
In fiscal 2024, assets of the Stanford merged pool, about 75% of which come from the university’s endowment, rose to $42.8 billion.
News
Newsmakers
Investors Should Understand ‘How the System Works for You,’ per CFA Institute Head Franklin
In a wide-ranging conversation, Margaret Franklin shares ‘essential principles’ and her thoughts on private markets, artificial intelligence, responsible governance and more.
Pensions
US Public Pension Funds Achieved 1-Year Returns of 9.7% in Q2
The top 5% of performing funds returned just below 13%, according to Nasdaq eVestment’s CIO Quarterly.
Regulation
SEC Monitoring Effects of Hurricane Milton on Capital Markets
The agency will evaluate granting relief from filing deadlines to firms affected by the hurricane.
Pensions
Michelin Pension Completes $1.96B Annuity Buy-In With Aviva
The pension risk transfer will cover the liabilities of 15,000 plan participants.
Pensions
Plan Sponsors Increasingly Seek to Divest All DB Liabilities Amid Corporate Scrutiny
Some 93% of companies with de-risking plans expect to completely divest their defined benefit liabilities, according to a MetLife survey.
Corporate Moves
Ares to Acquire Real Estate Asset Manager GCP International
The deal will double Ares Real Estate’s assets to $96 billion.
Newsmakers
Caltech Hiring for Next CIO
Scott Richland, the California Institute of Technology’s current CIO, will step down in December after 14 years managing its endowment.
Asset Allocation
Australia’s QIC Makes History With Shopping Mall Sale
The deal marks the first Australian investment by U.S.-based real estate manager Hines.
Asset Allocation
Duke Endowment Returns 8.0% in Fiscal 2024
Assets of the DUMAC rose to $11.9 billion at the end of June.
Pensions
Deadline for PBGC Premiums Is Approaching
The due date for premiums is on October 15; roughly 450 plans still have the opportunity to recover $800 million in 2023 premiums.
Newsmakers
Russell Investments Adds Heier to Lead Institutional Client Service
Previously at Verus Investments, Shelly Heier steps into a new role at Russell.
Pensions
CDPQ, Nuveen Launch Sustainable Commercial Real Estate Financing Joint Venture
The $600 million program will provide energy efficiency, along with senior bridge and construction financing across the U.S.
Asset Allocation
Brown University Endowment Returns 11.3% in Fiscal 2024
Assets of the endowment grew to its record high of $7.2 billion at the end of June.
Asset Allocation
Surging Equities Fuel Japanese Pension Giant’s 23% Return in Fiscal 2023
GPIF’s domestic and foreign equity investments earned more than 40% each for the fiscal year that ended March 31.