Pensions
Kodak Considers Terminating Overfunded Pension Plan
Termination of the plan could net the company as much as $585 million, more than its market cap, though a final decision has not been finalized.
News
Asset Allocation
CPPIB, Pacific Asset Management Launch South Korea Data Center Joint Venture
The Canada Pension Plan Investment Board’s C$285 million commitment follows several recent data center investments.
Pensions
Public Pension Funded Ratios Register 1st Decline Since April
The funded ratio for the 100 largest U.S. public pension plans fell by 160 basis points in October.
Asset Allocation
Largest 100 Asset Owners Manage Record $26.3T
The AUM of the largest asset owners reached a record high in 2023, jumping 12.3% from 2022, according to WTW’s Thinking Ahead Institute.
Newsmakers
NBIM Boss Nicolai Tangen Will Seek Another 5-Year Term
Tangen has run the management company overseeing the $1.7 trillion sovereign wealth fund since 2020.
Newsmakers
SEC Chair Gensler to Step Down January 20
After a 'robust rulemaking agenda,' Gensler's departure will coincide with President-elect Trump's inauguration.
Pensions
US Equities Buoy Canada Pension Plan’s 3.6% Return in Q2
The pension giant’s asset value rose to C$675.1 billion, as of the end of September.
Asset Allocation
New York State Pension Commits $4.6B in Investments in September
More than half is earmarked for its opportunistic absolute return strategies and credit portfolios.
Asset Allocation
4 Danish Pensions Launch $700M Sustainable Developing Market Fund
The Danish SDG Investment Fund II will make investments in Africa, Asia and Latin America that support the green transition.
Newsmakers
Alberta Names Former Prime Minister Stephen Harper as AIMCo Board Chair
The Alberta government sacked the board and top executives of the fund earlier this month over cost concerns.
Newsmakers
CDPQ Names Sharon White as Head of Europe
The appointment of the former John Lewis chair and Ofcom CEO is effective January 27, 2025.
Alternatives
Appetite for Risk Among Family Offices Expected to Increase
Heightened regulation of riskier assets is a key reason family offices feel better about taking on risk, while allocations to infrastructure are also expected to increase, per a survey from Ocorian.
Newsmakers
Northern Trust Seeks Head of OCIO Business
The new position will oversee the unit’s $112 billion in assets under management.
Opinion
Passive Investing Is a Choice, Not a Default Option
The fee savings of passive management may obscure some of the inefficiencies embedded in benchmarks or portfolios built to mimic them, writes the head of institutional portfolio strategy at J.P. Morgan Asset Management.
Asset Allocation
CPPIB Leads Global Pension Funds With $144B Allocated to Private Equity
The 20 pension funds with the largest private equity allocations committed $708 billion during the first 10 months of 2024.