Asset Allocation
Norges Bank Acquires 97.7% Stake in Silicon Valley Office Property
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
News
Market Moves
Stocks Surge on Trump Re-Election
GOP victories in the White House and the Senate open the door for tax cuts, deregulation and harsher trade policies.
Pensions
Aon Adds $4.56B in OCIO Assets With 3 New Clients
A defined benefit pension administered by the company is among the funds outsourcing assets in its EMEA region.
Asset Allocation
Utilities, Real Estate Equities Fuel Canadian Pension Plans’ 5.1% Q3 Returns
The performance raised the plans’ year-to-date return to 9.6%.
Pensions
Nokia Named Mercer as OCIO for US Retirement Plans
The telecom giant outsourced the investment of its defined benefit pension and defined contribution portfolios.
Institutional Investors Representing $9.4T Have Set Decarbonization Targets
81 members of the UN’s Net-Zero Asset Owner Alliance plan for net-zero portfolios by 2050.
Corporate Moves
Global PSSL Establishes Asset Owners Council
The organization aims to promote sustainability, transparency and governance in securities lending.
Asset Allocation
UK Pension Allocates 3% of Portfolio to Bitcoin
According to pension adviser Cartwright, an unnamed client allocated a single-digit percentage to the digital asset.
Pensions
PBGC Approves SFA Funding for 4 Pension Funds
Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund, all distressed funds, were provided with support.
Asset Allocation
CPP Investments Launches Joint Venture to Bolster UK Housing Market
The C$648.8 billion pension giant will own a 90% stake, while real estate firm Kennedy Wilson will take a 10% interest and manage the operation.
Pensions
Florida CFO Tells Pension Funds to Consider Crypto Investments
Jimmy Patronis called on the $245 billion State Board of Administration to study adding digital assets to the state’s pension fund.
Alternatives
For More Than the Fun of It
Established and emerging sports leagues are opening up and attracting institutional investors to a range of opportunities.
Alternatives
Investing Beyond the Pros
From youth sports to wellness to gambling, technology has made it easier to invest in—and profit from—sports.
Pensions
Underperforming Alts Weigh Down New Hampshire Pension Returns
The New Hampshire Retirement System’s 8.8% fiscal 2024 return missed its benchmark by 310 basis points.
Newsmakers
Mark Baumgartner appointed CEO, CIO of University of Florida Endowment
An alumnus, Baumgartner will succeed Bill Reeser, who is scheduled to retire at the end of the year.