Newsmakers
New York Pension Plan Names Navyug Patel Deputy Investment Chief
He is taking the spot vacated by Anastasia Titarchuk, who now is the program’s CIO.
Tag: Investment
Asset Management Culture
California Opens Investigation into Former CalPERS CIO Meng
He could face penalties of $5,000 per violation if he is found to have breached ethics regulations.
Pensions
New York Common Fund Returns 10% in First Quarter
After maintaining a conservative allocation strategy, the pension fund took the three months ending in June to snatch up some equities.
Corporate Moves
Norges Bank Board Defends Chief Executive Pick, Again
At a parliamentary hearing, the board governor helped the hedge fund manager Nicolai Tangen, under fire since his appointment.
Warehouses and Data Centers, Market Favorites, Have Downsides
These real estate investments are pandemic investor front-runners, with high returns. But Wall Street euphoria masks weaknesses that can make the long term more chancy.
Newsmakers
GCM Grosvenor Merges with SPAC to Go Public
Interest in the so-called ‘blank check’ companies has surged during the pandemic from investors seeking easier ways to fund IPOs.
Coronavirus - COVID-19
New York Common Fund Loses 2.7% in Fiscal Year
The pension plan, which closed its books in March, had incrementally dialed up an allocation to conservative assets.
Alternatives
Grim Outlook for Singapore Sovereign Wealth Fund after Poor Returns
GIC will continue to diversify with defensive strategies, including investing in rental and manufactured housing, data centers.
Risk
Racial Injustice Will Have Greater Weight in ESG Scores, S&P Global Says
About 217 businesses in the S&P 500 have publicly supported the Black Lives Matter movement to show solidarity and protect their reputations. Question: How sincere are they?
Alternatives
Institutional Investors Boosting Hedge Fund Allocations, Survey Finds
Allocators leery of a second half downturn are diversifying portfolios with the asset class.
Asset Management Culture
Former Temasek Americas Head Boon Sim Joins CPPIB Board
The pension plan had been searching for an international director replacement since Jackson Tai retired last March.
Asset Allocation
Temasek Boosts Cybersecurity and Biotech Investments
The Singapore sovereign wealth fund placed wagers on two American companies, cyber-services startup BlueVoyant and biosensors business Glympse Bio.
Should Universities Spend More From Their Endowments?
It’s the first question during a crisis. Given unprecedented disruption, some schools are starting to increase payouts from their troves.
Asset Management Culture
Singapore Readies International Blockchain Payments Network for Adoption
The project successfully clears different currencies, say backers sovereign wealth fund Temasek and the city-state’s central bank.
Opinion
Op-Ed: What Helped Me Become an Allocator as an African American Woman
Steps you can take to make teams diverse and inclusive.