The second time president has appointed a new acting chair of the SEC
The ND system has committed $185m to two real estate
funds
Multiple super funds have noted positive returns due to investments in local and global stock markets
Alongside plans for core and non-core buckets for 2025, LACERA plans to onboard emerging managers in the space
The CIO of $20.8bn plan continues to worry about debt levels and is focused on any major policy changes that can actually occur before the mid-term elections.
This hire comes in along with other personal changes within the fixed income vertical.
A reflection on time-tested investment wisdom by retired Texas ERS Chief Investment Officer Tom Tull.
The pension plan will review a RFP for its general consultant search in the upcoming meeting
The portfolio includes leasable area across South California, New Jersey and Pennsylvania.
The $75bn system has declared a deadline of Feb 18 for proposal submissions
From Sydney to Park City: The Private Wealth and Institutional Conversations That Defined 2024
Markets Group hosted over 100 forums in 2024, and these highlights from our "From the Sidelines" recaps capture the pulse of Private Wealth and Institutional Investing. Explore the key topics and hot-button issues that shaped the year.
Common threads were the wisdom the chief investment officers brought to their investment offices, the concerns they shared, and the challenges they overcame as influencers within the industry.
Eric Gerding announced his departure in a recent statement, effective Dec 31
Markets Group surveyed 116 institutional allocators from Public
Pension Funds, Endowments, Foundations, and Corporate Pension Funds to
understand how they navigated a year defined by economic uncertainty,
geopolitical tensions, and shifting investment landscapes. This report captures
their perspectives on emerging market opportunities, macroeconomic challenges,
ESG integration, and evolving strategies across asset classes. From the
increased appeal of private credit to cautious optimism in real estate and the
measured adoption of AI, these insights reflect the adaptability and resilience
of institutional investors as they prepare for the complexities of 2025.
For 2025, the CEO plans to hike allocations in PE, PC and RA.
The new targets are set to be in place from fiscal year ending December 31
The $18.5bn system disclosed two new commitments
before the year ends
The $117bn system disclosed new commitments to real estate alongside new targets for credit strategies for 2025
After facing the largest bankruptcy in municipal history, Detroit went ten years without making pension payments. After the city made one, it hired a new CIO. Learn what he's up to.
Absolute return investment products that could potentially be used in a portable alpha strategy
The $18.9bn fund has disclosed goals for real estate, real assets and private markets for 2025
The $22.8bn has revealed its pacing to RA and PE for the next year, amid new commitments
Under the new leadership, the plan is focused on being fully funded
The CIO is expecting the long end of the US treasury curve to be problematic owing to the system’s debt levels that have already surpassed the military and defense budgets.
Sandro Doudin will take over office from July 1
The system disclosed pacing for PE, RE and Infrastructure
Max commitments within private equity as the system has slowing interest in VC opposed to special situations
Jan Murtha announced her resignation at the November 22nd SIC meeting
The government is facing opposition from Public Service Alliance of Canada for the transfer.
The $274.6bn pension plan has made 15 new allocations worth $4.6bn in September to alternative investments
CIO Jon Putnam favors private credit, private equity and real estate allocations
In less than two weeks of sacking the entire board, the government has named Stephen J. Harper as the new chair of the board.
The California-based pension plan aims to make $100bn of such investments by 2030
In these short video interviews with editor in chief Christine Giordano, top chief investment officers and investors discuss what they are investing in, how they are changing their funds, and what might indicate underlying weaknesses within the economy.
Amid turmoil in the pension plan, Aaron F. Hood has been named as the new executive director, and he starts today
With a long-term intention to invest pro climate, it is yet to be disclosed whether any other pension plan in the $285.4bn system has joined the alliance
Outperformance by co-investments allows the CIO to widen targets, alongside eyeing the first allocation to southeast Asia
The government will replace the board within 30 days, and has appointed Ray Gilmour, Alberta’s top public servant as interim CEO.
Great returns for the year make the pension plan confident of allocating to PE and hedge funds.
Over the previous five years, as a member of the investment committee, he played an instrumental role in the fund's growth from $4.2bn to $7.1bn.
Colorado CIO is vetting co-investment funds on the “large end of the market” to create beta within PE at lower fees.
If most LPs have not already started using AI for automating data extraction and collection, they plan to start within the next six months.
Susan Manske is retiring from the role of CIO which
she undertook in 2003.
This money manager has forced multiple allocators to pull out after receiving Wells notice from SEC
Markets
Group conducted an in-depth survey following our 11th Annual Southeast
Institutional Forum, gathering insights from top allocators at Public Pension
Funds, Endowments, Foundations, and Corporate Pension Funds. Findings reveal
how Southeast investors are navigating an economic landscape influenced by
geopolitical tensions, policy shifts, and evolving market dynamics. With a
focus on high-yield credit opportunities, real estate debt, and selective AI
integration, these investors are strategically positioning to capture growth
while managing risks in fixed income and emerging markets ahead of anticipated
policy changes.
The $2.8bn system added NEPC on the list owing to its “favorable
impression” on board of trustee Terry Wood.
Aaron Filbeck has been promoted to the role in November
An investment team member talks about a CIO who has a reputation for retaining top talent.
The $54.9bn pension plan has started its search for a residential real estate strategy manager
The $148.8bn pension plan discloses
sectors of interest within private markets
The $18.78bn pension plan has made a new allocation of $80m to a fund endorsed by CalPERS and Virginia-based pension plan
The search for a successor has begun as CIO David Vickers announces it is stepping down next spring
Markets
Group conducted an in-depth survey following our Western Canada Institutional
Forum, capturing insights from top allocators at Public Pension Funds,
Endowments, Foundations, and Corporate Pension Funds. Findings reveal how
Western Canadian investors are adapting to an evolving economic landscape
shaped by government policy changes and liquidity concerns. With a strategic
focus on high-yield credit, real estate debt, and infrastructure financing,
these investors are navigating opportunities in multi-family housing and
industrial real estate while carefully managing risks in fixed income and
emerging markets.
Stephan Bereuter, CIO of $30bn Migros-Pensionskasse dives deeper into internal management of the portfolio along with opportunities within real estate and infrastructure sleeves.
The $6bn endowment has appointed Mark Baumgartner as its CIO and CEO, effective January 25.
The Chief Investment Officer of Michigan (MERS) discusses investing around the Trump vs. Harris election, favorite niche investments, what happens if the dollar gets cheaper, and investments that are working in the new economic era.
Decreasing
exposure to private markets, CIO Ben Cotton disclosed changes in his portfolio last week.
A
recent news release by Northern Trust noted the Canadian Pension Plan returned
4.8% for the quarter
Markets Group has conducted a comprehensive survey following our 11th Annual Texas Institutional Forum, gathering insights from leading allocators at prominent Public Pension Funds, Endowments, Foundations, and Corporate Pension Funds. The findings reveal how Texas institutional investors are capitalizing on emerging credit and real estate opportunities, stepping in as banks scale back due to tighter regulations. With a focus on direct lending, distressed debt, and specialized strategies, investors are navigating complex markets to secure liquidity and attractive returns amid a questionably volatile economic landscape.
While
the cost of the transaction remains undisclosed, the deal is expected to close
by early 2025.
The
superannuation fund re-structured its investment team following the departure
of former CIO Stephen Gilmore to promote 2 of its senior investment
professionals.
The
$116.1bn Virginia fund disclosed allocations made in the last month.
The
superannuation fund has chosen its two senior investment leaders to share the
responsibility of the ex-CIO until a new one is appointed.
The
CIO follows a disciplined rebalancing mechanism which is “a little bit contrarian.”
From election investing to private equity: Markets Group conducted a comprehensive survey of institutional allocators from Public Pension Funds, Endowments, Foundations, and Corporate Pension Funds in New England. The survey aimed to capture their perspectives on key market trends, strategies, and emerging challenges in the current economic environment. This white paper presents the insights gathered, offering a detailed look at how these investors are navigating a rapidly evolving financial landscape.
Assets from the termination were
reallocated to liquidity reserves
Vince Smith, chief investment officer of the New Mexico State Investment Council, is in a very unusual situation. His inflows are actually exceeding his outflows by billions. The question is, what will he do with the extra money?
Vince Smith will be speaking at the Markets Group 9th Annual Southwest Institutional Forum in Santa Fe Oct. 29-30.
The
board will be presented with final recommendations at the December meeting
The
$268bn disclosed its allocations to private markets for August in a recent release.
Andrew
Eschtruth will fill Munnell’s shoes, as he has been promoted from deputy director
to the next CRR director.
Under
Patrick Fleming’s leadership, the Treasurer’s Office has instituted a
volatility-based risk measurement system while moving away from traditional
equity/bond approaches.
With the support of consultant
Meketa, the system has $40m within its PE left to allocate and $130m to its PC
sleeve for the year.
SEC
continues to monitor the effect of both Hurricane Milton and Hurricane Helena
Our reporter Muskan Arora sat down with the
CIO Chad Jacobs to dive deeper into the private equity and venture capital
opportunities identified by the system. Over the years, he has had continued
focus in Asian private markets and considers partnering with GPs speaking the
native language of the region as essential.
The $523.5bn system reveals 2025
plans for its real estate, private equity and infrastructure plans, amid new
commitments.
As retiring baby boomers create more demand, Callan's David Smith dives deep into healthcare, one of the darlings of PE allocations in the current environment. He opens up about sub-sectors and sub-strategies which work well for the allocators and discusses how technology has driven healthcare to its full potential. Catch him talk about manager selection, PE investments and more.
Andrew Lill will step down in November,
as announced on Thursday.
Starting
her role at CPP in January, Sophia van Oosterom will lead the RE portfolio
The
pension plan makes changes with a hope to reach 100% funded status, highlights soft
strategy targets for private credit for its first allocation.
The
$2bn foundation has promoted its managing director of investments to the role
of CIO, effective September 18
The
$18.8bn system will release an RFP for an international small-cap equity
manager with consultant Wilshire.
The $346.5bn
system promoted Rosie Lucchesini-Jack and David Murphy after extensive
recruitment and public search
John Pearce, a quant and equity portfolio manager at The Illinois Municipal Retirement Fund, sat down with editor Christine Giordano and enjoyed a philosophical and pragmatic discussion on how AI might impact the future of investments, and what to consider.
Texas Tech CIO Tim Barret discusses the scariest and best investments of his career, and what he's strategizing about now. Barrett is one of the few CIOs who has headed a corporate fund, a public fund as well as an endowment. Markets Group will celebrate his Hall of Fame induction on October 9 in Austin. Allocators welcome to applaud him in.
Markets
Group recently surveyed institutional allocators, including Public Pension
Funds, Endowments, and Foundations, in the Great Plains region. This survey was
conducted in conjunction with our 10th Annual Great Plains Institutional Forum
held in Minneapolis. The aim was to gather insights on how these institutions
are navigating current economic and political challenges in their investment
strategies.
The
system has a higher focus on non-core as sets a pacing of up to $300m and
the remaining goes to core allocations. A significant shift, noted from
last year.
NEST has long been known for its growth and approach to investing especially private markets. In this conversation, she dives deeper into vetting managers, keeping a watchful eye on the economy and using defensive strategies to make the best of her resources.
The
$27.3bn pension plan increased its public equity and real assets interim
targets with a decrease in fixed income and cash.
Recent buyout commitments by Kansas
PERS yet again is a signal of bullishness of allocators towards buyout funds.
The
$44bn pension plan has made commitments to its RA, PC and PE sleeve across June
to August
The
$10.8bn system is looking for a consultant to build out its private markets
portfolio, especially private equity, private credit, real estate and infrastructure.
The system aims to choose a consultant by early 2025.
One of the most influential chief investment officers in the industry discusses what she sees as threats to the industry, what she looks for in managers, how she mentors, her work in creating lifetime income for all workers, her career advice, and making changes on a national scale as a Presidential appointee to the PBGC.
Markets Group will hold a celebratory ceremony to induct Robin Diamonte into the Chief Investment Officer Hall of Fame in Boston during the 11th Annual New England Institutional Forum on Sept 25-26. Allocators are encouraged to attend. During the event, Britt Harris will have a fireside chat with Diamonte.
Multiple allocators are seeing a downfall in their
fiscal year returns due to real estate, will this change next year?
Michael
Graham will retire in early 2025
The C$646.8bn pension plan made an additional commitment to Iguá Saneamento, after the firm received a new contract.
Laura Wickström recently got promoted to the role of CIO of Veritas Pension Insurance, Finland-based pension. In this conversation, she dives deeper into the real estate allocation and emphasizes sustainability and climate investing as key while vetting managers.
The latest SEC filings disclose an
agreement between IBM and Prudential, following the corporation’s map of a cash-balance
pension plan
Allison
Thacker steps down after a tenure of 13 years
The
$2bn foundation named Greg Outcalt as CIO, following Katharine Krieger’s
departure
This white paper offers a glimpse into the strategies employed by institutional investors across the Great Plains, where liquidity has become a cornerstone of their approach. Investors are bracing for Federal Reserve actions while positioning public equities to continue to perform well. The paper also touches on growing trends such as sustainable investing and liability-driven investments (LDI), shaping long-term resilience in the region.
Stefan
Beiner will join c-alm as a partner in March 2025
The
transaction is subject to approval from the Australian Foreign Investment
Review Board.
The
$75.2bn pension plan exceeded its policy benchmark of 7.1%.
The
$5.7bn Kern County ERS has dry powder of $232m for its FI sleeve and committed
$25m to its PC portfolio
For years, he recruited the top CIOs in the United States, and chaired the largest pension fund in the country. Now he's retiring, and disclosing some of the things he couldn't discuss in the past.
The $67.7bn pension plan appoints Thomas Kim as
deputy CIO
The
$28bn pension plan disclosed commitments in RE, RA and private investments including
VC and PE
The
$54.2bn pension plan recently committed to its PE, PC and RA sleeves
The
$23.6bn system will maintain its pacing plan of $750m through 2026, with an bullishness
towards information technology and healthcare.
The
$40bn Texas fund hired Philip Hunter O’Brien, Amol Deshpande and Isidora Stankovic.
CIO Jonathan Grabel, an Elite 100 CIO, is known for his exceptional work in private equity, for getting DEI disclosures beyond 90%, and his rock-solid internal investment committee. In this interview, Grabel dives deeper into the breakdown of his private equity portfolio, his due diligence using strong internal metrics, the red flags he sees in choosing managers, and his allocations to his fixed income portfolio.
The
$31bn pension plan has made significant changes in its real estate, REIT and
commodities portfolio amid changes in the market environment
The
$142.1bn Minnesota State Board of Investment has committed to similar funds as
VRS, CPP and Pennsylvania PSERS within its private equity sleeve.
PSP
Investments and CIO Eduard van Gelderen “mutually agreed” to his departure.
The
$39bn Texas ERS boasts 1.8% return against its policy benchmark of 0.37% in the
second quarter. In the recent meeting, the system unfolded pacing plans for RE,
Infrastructure, private equity and private credit.
The $472.8bn fund promoted its managing director for PE to the
new role.
India
is expected to grow by +6.6% in FY24-25 and +6.4% in FY25-26. Public spending,
foreign investment and easing inflation will be tailwinds, suggests recent
reports.
Modi's re-election has created more opportunities in the region, CIO Khan highlights key opportunities and concerns in the region.
The
$113.9bn system disclosed its recent commits alongside flagging a high 9.9%
return for fiscal year 2024
The $472.8bn pension plan noted a
return of 1% in the first quarter and 9.1% return for its 10-year annualized
net return.
The
$225.8bn promoted Mabel Wong to chief investment officer from the role of senior
managing director.
The $330bn pension plan promoted Phil Fraser to the
role of CFO
The $74.6bn system focuses on ‘higher
IRR and lower multiple of capital’ as both real estate and private credit team
suggest a $175m new allocation.
In
the first half of 2024, Markets Group hosted numerous institutional events
across several key regions of North America, gathering insights from
institutional investors. The white papers produced from these events provide a
detailed look at the strategies and trends shaping investment decisions in each
respective market. This analysis combines the key findings from each region to
offer a holistic view of current investment strategies and market perspectives.
The
$74.6bn made re-ups focused on healthcare and technology, following the market
tailwinds
The
system recorded a gain of 9.9% with zero staff
turnover during the fiscal year.
The
$427m pension fund is looking to commit $15m to $25m to a core, core plus,
value added or opportunistic RE managers
The $341.1bn pension fund has a positive return for all its asset allocations except in real estate.
The
board approved a re-up of up to $200m to HarbourVest PA Co-investment Fund
Tranche II L.P, capped at $50m allocation for 2024
The $27bn is searching for a new manager owing to issues
over one watchlist manager on the roster. The system allocates $6.4bn to its
equity program.
The $98.6bn pension fund and
endowment’s maximum returns came from its investment in S&P 500 index
without tobacco or fossil fuels.
The NJ Pension Fund CIO Shoaib Khan, who joined the pension fund in early 2021, is widening his investments for emerging managers. Owing to looming geopolitical concerns, back in 2022 the CIO reduced its allocation to private markets and improved their liquidity positioning. This allows them to sail smoothly in the current changing market environment. In this interview, the CIO dives deeper into manager selection, sectors he finds attractive and more.
Darren Walker will step down by the end of 2025
The
$10.4bn system has released an RFP for its first private credit manager search
with initial responses due August 6.
Talieh Williams, will take over the
role of Justin Ginnivan, with a focus on supporting the fund’s long term
sustainable returns
The
$27bn pension fund has made a new commitment as a part of its non-core RE
portfolio focused on non-traditional property types.
The
$337.9bn system has introduced a total fund management division alongside
drawing plans for individual asset classes.
In
a recent discussion, the system highlighted having a “high bar for new
opportunities in the real estate sleeve” and made its only commitment of the
year in April.
Michael Mi has been promoted, alongside Skye King and
Wendy Fang responsible for expanding the ESG teams.
The Elite 100 is an esteemed list celebrating 100 Chief Investment Officers from Public Pension Funds, Endowments, Foundations, and Corporate Pension Funds. Each honoree is a commendable industry leader, recognized for their exceptional contributions and innovative strategies.
Last week, we brought together over 100 of the nation's top minds in institutional investment for the inaugural Institutional Retreat in Park City, Utah, held at the beautiful St. Regis. This landmark event marked the culmination of fifteen years of regional events across the US, providing a dynamic platform for exchanging ideas, fostering collaboration, and networking among senior leaders and chief investment officers.
Decision was made due to the poor performance of other managers on the roster.
The current consultant StepStone’s contract
will expire at the end of this year.
During
his tenure at City of Hartford, Draghi worked with P. Wayne Moore and J. Sean
Antoine
June
Kim, the newly appointed senior investment director, will continue to work with the Global Equity team until a new director of
Global Equity is hired.
Priti Singh
and Heather Tobin have been promoted
The CIO of $15bn San Bernardino
County Employees’ Retirement Association has incorporated new ways of
rebalancing his portfolio since joining the fund. In the past, he had always stayed away
from real assets. But as the market environment changes, so are his sentiments.
CIO
Andrew Palmer discusses his best performing asset class and how he invests in
the emerging markets space.
The $56.2bn fund made commitments to Insight Partners Opportunities Fund II,
Insight Partners Opportunities Fund II Co-Investment Sidecar Vehicle and
Hollyport Secondary Opportunities IX
The
$193bn pension fund has made commitments to five managers, out of which three
are new managers on the roster.
The
search looks to appoint the third CIO of the university who will be
collaborating with external consultants for asset allocation and manager
selection process.
A
recent LinkedIn job opening signaled a director of investments with Korn Ferry
leading the search.
The $337.9bn
pension fund forms alliance with Kennedy Lewis Investment Management to focus
on senior corporate lending for non-sponsored borrowers.
In this interview, Sovaida sat down with Reggie Ford, Motivational Speaker, Bestselling Author, and President, RoseCrete Wealth Management on the power of perseverance, the rising issues surrounding mental health and DE&I and the Black Tax.
Vasilis Theofanopoulos was named CIO of Growthfund, the National Fund of Greece on Monday
The $502bn system will commit $100bn to climate solutions by 2030. The system was first presented with the climate action plan in November.
The $52.4bn system has committed $250m to specialty finance opportunities, early-stage investments in private companies and other strategies focused on publicly listed companies.
The $6bn pension fund has invested in data centers through the Harrison Street fund.
The denominator effect, alongside fed rates, has placed allocators in a sticky position. When the markets were hot, GPs came back to a faster cycle than before that sped from 3 to four years to 18 to 26 months.
Mika Malone, the managing principal at Meketa Investment Group, talks about choosing the best managers, using AI to make decisions, fed rates, emerging markets and other topics of investor interest.
Fadi
BouSamra has moved to MC Credit Partners LP after serving as a Chief Investment Officer at Nashville
(Tenn) & Davidson County for 20 years.
The ruling states that Board of Supervisors must comply with the classifications and salaries within its own functioning
The $113bn system has most recently made $575m commitment to its RA portfolio and $300m to its PE portfolio, as shown in the June meeting materials.
The $33.5bn fund inspects lagging performance and key person risk at two funds.
During this in-depth interview, the chief investment officer of Alaska's oil-rich Alaska Permanent Fund discusses his strategies for energy, choosing managers, investing in credit, infrastructure and private equity.
Rich Joseph has been named the head of growth for WTW’s US-based investments.
The $6.9 billion pension fund has made new commitments in real assets, real estate and private capital and terminated public equity and long short equity managers, as disclosed in its recent meeting.
Greece will
launch its inaugural sovereign wealth fund this week with the support of BlackRock
Financial Markets Advisory
The $501.39 system has repositioned its portfolios to benefit from non-core RA strategies. Core strategies exceed return benchmarks.
The $16.3 billion system added bank loans and long-term government bond strategies in its fixed income sleeve, and reduced allocation to real assets sleeve.
The winning consultant scored significantly higher on mitigation of conflict, servicing capabilities and technology.
Michele Nix has been promoted to the role of
CFO, after ex- CFO Michael Cohen’s appointment as fund’s chief operating investment
officer.
Dustin Antonini has been named the new CIO of SHEPP,
following the retirement of Janet Julé.
The $202.7 billion Washington State received a notice from its risk management and asset allocation team to raise $700 million in cash
CIO Andrew Palmer will invest $400 million to his real assets portfolio with majority of allocation in core strategies against other strategies.
The
investment staff has chosen NEPC as consultant and the final approval will be
given by the board of administration on June 13.
Carlyle
Realty Partners X focuses on acquiring and developing properties in the US with
low correlation to GDP, high operating margins and high tenant retention
Despite
U.S. large cap outperformed the small cap portfolio, the small cap outperformed
its benchmark by 2.3% in Q1
The
system lowered targets for RE, tactical opportunities and cash, in the recent meeting
As fund managers and allocators gravitate towards investing in AI, Meier discussed the strategies and sectors he finds most attractive.
Wolfson tripled the size of his fund, and brought it to 100% funded while using a relatively low-risk approach that wrought 9.1% net returns annualized over the past 5 years. Now he's mulling AI.
From Steven Meier
at NYC to Larry Fink, data centers have become attractive to investors. They
plan to allocate through their infrastructure portfolio.
Poppy Allonby is the new CIO for Church Commissioners and
will start in September. She succeeds Tom Joy.
Jean Hsu steps
down after almost 25 years at the largest US pension fund
Anouk van der Boor
will take over as the new CIO for Directors
Guild of America-Producer Pension and Health Plans from July 1.
New York University has chosen Michelle Knudsen
as the new CIO, effective from the end of June
The chief investment officer of one of the fastest growing funds in the world, Arizona's Public Safety Personnel Retirement System, has been studying AI for a decade. Now he's applying it to his portfolio.
During this interview, he'll discuss case scenarios that artificial intelligence software can be used effectively, and some of the challenges and risks around it. (Video interview and Transcript)
The Pennsylvania Public School Employees’ Retirement System is set to make its first public credit commitment to mid markets in Europe
The $142.1 billion system has made commitments in its PE, RE,
RA and PC bucket.
Fadi
BouSamra is stepping down after 20 years of working at the pension to pursue new
opportunities
LGPS Central's CIO steps down as a new CEO and chief commercial
officer joins
Chan has worked as CalSTRS deputy CIO since 2018.
Mike
Simmons presented potential changes in the recent meeting, to be
considered by the board in September
Following Antonio Mandrà resignation after 28 years, the Veco Group has named Stefano Fiala as their new CEO
Markets Group has conducted an analysis of allocator sentiments in the Pacific Northwest region. This whitepaper showcases the strategies behind institutional investors' successes in the past year, presenting prevailing market conditions and successful investment approaches.
See exclusive video interviews from the sidelines of our 7th Annual Nordics Denmark Institutional Forum where we brought together the Nordics investor community including pensions, endowments, foundations, insurance companies, and investment consultants. You'll get valuable perspectives on selected areas of interest within the Nordics institutional investment landscape.
In the recent board meeting, the CIO Michael Schlacter spoke
about issuing an RFP for an extended equity manager search to overcome
challenges of active strategies.
Speaking to the board members of Federal Retirement Thrift Investment Board, Fink talks about opportunities in AI infrastructure
Andrew Palmer, Chief Investment Officer of the
Maryland State Retirement Agency, which manages the $67 billion fund for
Maryland state pension plans, did something very interesting. He was given a
mandate by the state of Maryland to put all of his investments through an ESG
lens. And he did it in such a way, that he believes his investments will avoid
conflict if there’s a political regime shift in the United States. He's been hitting his benchmarks for years.
On April 30, Markets Group will be awarding Palmer a
Strategy Award as part of our Investor’s Forum in Washington D.C. The award is
meant to highlight thought leaders within the allocator community who have come
up with a strategy that others can learn from.
Some people argue that ESG detracts from investment
returns, but Palmer has been able to hit all of his benchmarks for years. During
this interview, we will discuss how he did it, how he looks at his portfolio,
and ask him what other allocators should be aware of.
New emerging market debt investments will be within fixed income sleeve of portfolio.
Reductions made to private equity targets.
The Dutch pension fund manager has appointed Lars Dijkstra as their interim CIO after Frank Roeters van Lennep resigned in September 2023
CIO Andrew Palmer is focused on
opportunistic and value add strategies as he plans to grow his infrastructure
sleeve
Private equity leaders at SWIB reveal their focus on lower middle and middle markets for their co-investment deals.
The $4 billion Seattle City Employees Retirement System has shortlisted finalists for their investment consultant search for a final decision in May.
CIO Andrew Ward and Exelon's next CIO, Jessica Hart, discuss the traits that make him the rock in the storm.
Los Angeles Water and Power Employees' Retirement Plan’s chief investment officer to discuss his strategy at conference in Los Angeles.
"It turns out for health systems, one of the biggest environmental impacts is what we call Scope 2, which means it's mostly purchased electricity... we've had the privilege to learn a lot and put in place two big power purchase agreements, which are going to bring AdventHealth to 100% renewable electricity by 2026."
Missouri Local Government Employees Retirement System (LAGERS) is excited to announce the appointment of Scott Day as its new chief investment officer, effective May 1, 2024.
The Pensions Regulator (TPR) has made several interim appointments, with Neil Bull becoming Interim Director of Market Oversight, Nina Blackett taking on the role of Interim Director of Strategy, Policy, and Analysis, and Mel Charles assuming the position of Interim Director of Regulatory Compliance.
Qatar's ruler has appointed Sheikh Bandar bin Mohammed bin Saud Al-Thani as the chairman of the country's $450 billion sovereign wealth fund, the Qatar Investment Authority (QIA).
"The world is not changing its behavior enough. I think that's going to be a risk, but then also an enormous investment opportunity because shifting away from hydrocarbon as a power source, as an energy source, is going to require a lot of capital, but it has to happen."
Jo Townsend has assumed the role of Chief Executive at the Guardians of New Zealand Superannuation, overseeing the management of the NZ$70 billion NZ Super Fund.
IFM Investors, a global fund manager owned by pension funds, has appointed Claudia Marciano as its new Head of Global Consultant Relations. Effective from March 19, 2024, Marciano will be based in London and will report to John Gee-Grant, IFM's Head of Global Client Solutions.
Could he be the answer the largest pension fund in the U.S. has been seeking for 5 years?
A discussion of the effective practices behind sustained, organic growth in the financial advisory industry with Victoria Trumbower, Managing Member of Trumbower Financial Advisors.
Van Lanschot Kempen Investment Management UK Ltd has been appointed as the fiduciary manager by the Trustee of the AA Pension Scheme, following a thorough evaluation process across the fiduciary management market.
Bahrain's sovereign wealth fund, Mumtalakat, has acquired complete ownership of the McLaren Group, renowned for producing high-performance sports cars and holding a significant share in the McLaren Formula 1 team.
Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund (PIF), is reportedly engaged in discussions to purchase Saudia, the kingdom’s national airline.
Two distinguished individuals are set to join the Australian Retirement Trust (ART) board, enhancing the fund's governance and succession planning.
Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund by assets under management, announced that it is seeking information on "illiquidity assets," including bitcoin, as part of its exploration into potential new investments.
Ontario Teachers’ Pension Plan Board (Ontario Teachers’) has named new leaders to head its Capital Markets, Total Fund Management, and Global Investment Strategy departments, effective immediately.
South Korea's national pension fund is endorsing the government's corporate reform initiative, aimed at addressing the "Korea discount" issue in the stock market, according to the fund's investment strategy director.
Redwood Trust, Inc., a key player in broadening housing accessibility for both homebuyers and renters, has entered into a significant capital partnership with Canada Pension Plan Investment Board (CPP Investments) through CPPIB Credit Investments Inc., amounting to US$750 million.
Cartwright, a company specializing in pensions for defined benefit and hybrid schemes, has appointed Ian McKnight as Senior Adviser, with an initial emphasis on business development.
Clara-Pensions, a consolidator for defined benefit pension schemes, and the Trustees of the Debenhams Retirement Scheme have finalized an agreement, marking the UK's second-ever superfund transaction.
Sophie Jelleff has been named as the new Head of Investment Execution at HESTA, starting from April 8, 2024.
COIMA SGR, a prominent player in real estate investment, development, and management for institutional investors, has secured €50m from CDP Real Asset to repurpose the 2026 Olympic Village into Italy’s largest dedicated student accommodation complex with Italy's sovereign wealth fund.
George Boubouras has recently been appointed to the board of ESSSuper, the fund catering to emergency services and Victorian government employees, effective February 6, 2024.
The Board of Guardians of the Sarawak Sovereign Wealth Future Fund has officially named Abang Rahmat Yusuf as its new chief executive officer, effective January 29 of this year.
The U.S. Department of Labor has named five members and leaders for the 2024 ERISA Advisory Council, which advises on employee welfare and pension benefit plans. Among the appointees is Regina Jefferson, a professor at Catholic Law, selected to represent the broader public.
Earlier this week, we convened our 11th Annual Tri-State Institutional Forum in New York City, welcoming esteemed executives from various sectors including pension funds, insurance companies, foundations & endowments, hospital plans, sovereign wealth funds, and consultants from across the region. Our Co-Head of Institutional Production, Morgan Lomas, spoke to some of our guests on a wide array of topics, covering everything from allocation strategies to climate risk impact on investments, fixed income discussions, portfolio construction insights, and the imperative for equitable savings initiatives.
The Oregon Retirement Savings Board, in collaboration with State Treasurer Tobias Read, has announced the allocation of $5 million from the American Rescue Plan Act (ARPA) to support Oregon's Department of Early Learning and Care (DELC) in funding retirement accounts for over 900 childcare service providers in the state.
Institutional Allocators in the US Mountain region faced
unprecedented market volatility in 2023, requiring investment staff to adapt
and innovate. This whitepaper synthesizes insights from successful investors,
highlighting their strategies and market conditions that proved instrumental in
navigating the tumultuous environment over the past year.
PIF and Mumtalakat Holding Company, Bahrain's sovereign wealth fund, have officially inked a memorandum of understanding (MoU) to strengthen collaboration.
Scott Tully has been named the new General Manager, Product at Rest, one of Australia's largest profit-to-member superannuation funds.
Malaysia's Employees Provident Fund (EPF) has declared its highest-ever dividend payout of RM57.8 billion for the year 2023. The payout consists of a 5.5 per cent dividend for members under the conventional savings account and 5.4 per cent for members under the syariah savings account.
Market’s
Group has conducted an exclusive survey in the New Jersey, Connecticut, and New York region, to provide valuable insights for the peer asset allocator community. Focused
on understanding prevailing market conditions and successful investment
strategies, our survey aims to provide a comprehensive snapshot of allocator
sentiments in the region for Q1, 2024.
Bruebaker shares his wisdom on challenges overcome and pivotal moments in his career. He will receive a Lifetime Achievement award on May 7 in Seattle.
On investing in the new economy, building an effective, unlevered, co-investment platform, tracking its success, and becoming competitively nimble at one of the largest funds in the United States.
On strategies for being 100% funded, returning 8.5% for 40 years, and where he's seeking to allocate.
Alecta finds itself in turmoil once again as its newly appointed chairman, Carina Akerstrom, steps down from her position after just one week.
Fiona Wynn has been named head of protection proposition, while Mark Preston joins as service delivery manager overseeing large cases. These appointments align with the company's expansion plans, particularly in the segments of high net worth and business protection.
Sweden’s largest pension fund, Alecta, is on the path to recovery from what its new chair describes as a significant loss of trust.
The Lucerne Pension Fund (LUPK) is set to undergo a change in leadership, as Reto Tarreghetta, the acting managing director, tendered his resignation at the close of May, concluding a tenure of approximately six years.
North Dakota's Public Employees Retirement System board chair, Michelle Kommer, has stepped down from her position, resigning less than half a year after her appointment by Governor Doug Burgum.
Jessica Hart to become his successor July 1.
AXA Investment Managers (AXA IM) has named Jérôme Broustra as the new Head of Global Rates, effective immediately.
The sovereign wealth fund, managing assets exceeding $700 billion, has enlisted Goldman Sachs, HSBC, and Standard Chartered to arrange meetings with potential investors, according to the document.
CIC has appointed Liu Haoling as its new chief investment officer, taking over from Ju Weimin.
LGPS Central Limited, the asset manager overseeing £30 billion for eight local authority pension funds across the Midlands, has announced the appointment of Richard Law-Deeks as its new CEO.
The Pensions Regulator (TPR) has unveiled organizational adjustments to bolster its strategic transition in supervising the workplace pensions sector. As the pensions landscape undergoes rapid transformation toward a more competitive environment characterized by fewer, larger schemes, both risks and opportunities for savers and the broader economy are evolving.
CAAT Pension Plan (‘CAAT’) has announced the elevation of two senior executives to address the growing demand for its contemporary defined benefit (DB) plan, DBplus. Effective immediately, Sabeen Purewall has been promoted to the role of Vice President, Solutions & Partnerships, while Graham Stone assumes the position of Acting Vice President, Pension Solutions.
Carnegie promotes Jon-Michael Consalvo from within.
Copenhagen Infrastructure Partners has introduced Copenhagen Energy Islands, a fresh endeavor leveraging CIP's extensive proficiency in offshore wind to advance energy island initiatives worldwide.
Macquarie Asset Management has appointed Elise Vaudour to bolster its green investments division for wealth management clients. Returning to Macquarie Group, Elise assumes the role of Senior Managing Director and Head of Wealth for MAM Green Investments, operating from Paris.
Power Corporation of Canada has announced the appointment of Mr. Jake Lawrence as its Executive Vice-President and Chief Financial Officer, effective March 18, 2024
The New York State Common Retirement Fund (Fund) will enact investment restrictions on eight integrated oil and gas companies, including Exxon Mobil Corp., following a review of their readiness to transition to a low-carbon economy, announced State Comptroller Thomas P. DiNapoli, who serves as trustee of the Fund.
TPT Retirement Solutions, a prominent provider of workplace pensions in the UK, has announced the appointment of Michael Callari as its newest Business Development Manager.
A new program helped to create a banner year and historic moment for investors at Delaware County.
Susan Oh leaves after 28 years for firm that specializes in artificial intelligence.
The Texas Permanent School Fund Corporation (Texas PSF) has appointed Stu Bohart as its new Deputy Chief Investment Officer (CIO), signaling a strategic shift in its $52 billion endowment fund.
GIC Singapore has announced forthcoming changes to its senior management team, set to take effect on 1 April 2024. The organization is appointing six new seniors to various teams within its structure.
Drawing from the feedback of prominent institutional
investors in Ohio, Markets Group has analyzed the diverse approaches that
contributed to their success in navigating the turbulent financial landscape of
2023.
The Ontario Municipal Employees’ Retirement System is appointing Celine Chiovitti as chief pension officer, effective Feb. 6, 2024.
McClearn previously served as the Interim Director of the Program starting in February 2023.
Cbus Super is pleased to announce the appointment of Stephen Monnier as the new Head of Stewardship within its Responsible Investment Team.
The National Reconstruction Fund Corporation (NRFC) Board has appointed Mr. Ivan Power as its first Chief Executive Officer (CEO).
The Alberta Investment Management Corporation (AIMCo) unveiled its strategy for climate investing and introduced the Energy Transition Opportunities Pool (ETOP), a $1 billion fund focused on investing in global energy transition and decarbonization sectors.
Sweden's financial regulator has requested that the police investigate potential corruption related to pension fund Alecta's investment in the property group Heimstaden Bostad, as disclosed by Alecta.
Norway's sovereign wealth fund, the Government Pension Fund Global (GPFG), celebrated a significant financial milestone as it reported a record-breaking profit of 2.22 trillion Norwegian crowns (approximately $213 billion) for the year 2023.
A discussion with “bond guy” Chief Investment Officer Michael Shackelford of New Mexico PERA
UniSuper, the renowned fund accessible to all Australians, is delighted to announce the appointment of Wade Martin as its new Chief Risk Officer, effective from February 21, 2024.
Six major Canadian pension funds, collectively managing C$1.3 trillion in assets, are embarking on a substantial expansion into private credit, a domain historically dominated by traditional banks.
GPS Central has recently announced key additions to its investment management team through internal appointments, reinforcing its commitment to strategic growth.
IFM Investors, a global investment manager owned by pension funds, has announced the appointment of John Gee-Grant as its Head of Global Client Solutions, effective from May 3, 2023.
The Korea Investment Corporation (KIC) has announced the establishment of its fifth overseas hub in Mumbai, India, marking its first presence in an emerging market.
Malaysia is poised to appoint Ahmad Zulqarnain Onn, CEO of Permodalan Nasional Berhad, as the new head of its largest state pension fund, the Employees Provident Fund (EPF), as the country aims to rebuild reserves depleted during the pandemic and scale up domestic investments.
The Albanese Government has appointed the Hon Greg Combet AM as the new Chair of the Future Fund Board of Guardians for a five-year term.
The re-election of Theresa Taylor as president and David Miller as vice president underscores the continued trust and confidence the CalPERS Board places in their leadership and experience.
The Pennsylvania Municipal Retirement System (PMRS) Board of Trustees has announced the appointment of Timothy Reese as Secretary.
ohn Chilman has declared his plan to retire from his position as Railpen's Chief Executive in 2025, concluding a six-year tenure in this role.
NOW: Pensions, a prominent workplace pensions provider catering to over two million pension savers, has welcomed Fiona Matthews to its Board of Trustee Directors, effective January 1st.
Ontario Teachers’ Pension Plan Board (Ontario Teachers’) has made significant executive appointments, designating two seasoned leaders in its Investments division as Chief Investment Officers (CIOs) with immediate effect.
Michelle Ostermann has been named the new Chief Executive Officer of the Pension Protection Fund (PPF) and is set to assume her role on April 1.
Aon plc, a prominent global professional services firm, has welcomed Jit Parekh as a partner in its UK Defined Contribution (DC) team.
PGIM, the global investment management arm of Prudential Financial, has appointed Hirotaka Kato as the Head of Portfolio Solutions for Japan.
GoldenTree Asset Management, a leading global asset management firm overseeing assets exceeding $53 billion, has appointed Markus Taubert as Principal, marking the establishment of GoldenTree's physical presence in Germany with a base in Munich.
Arc Pensions Law is excited to welcome pension lawyers Clare Pollard and Tom Cosgrove to its team, with Clare joining the Leeds office and Tom based in London.
Railpen, the fiduciary and investment manager overseeing the £34 billion railway pension schemes, has revealed the retirement of Stu Blackett and the appointment of Maura Sullivan as the new Chief Financial Officer.
NIIF India has revealed the appointment of Mr. Sanjiv Aggarwal as the Chief Executive Officer & Managing Director of NIIFL, according to an announcement by its Board of Directors.
OPB has disclosed the selection of Darwin Bozek for the interim role of President & Chief Pension Officer. Darwin is set to assume the position at OPB on February 1, 2024.
London CIV has appointed Aoifinn Devitt as its Chief Investment Officer (CIO).
The longtime advocate for diversity, and peer-recognized leader among CIOs will leave the second largest pension fund in the U.S. before July.
The Board of Platinum Asset Management Limited is delighted to appoint Mr. Jeff Peters as the Chief Executive Officer and Managing Director of the Platinum Group.
Arun Muralidhar challenges the status quo and methodically kicks the tires on investment theory.
Barclays has appointed Ryan Voegeli as the Head of Investment Banking for Canada, and he will be stationed in Toronto.
Stone Bank announced the appointment of Nick Roach as its Chief Executive Officer.
John Beckham has commenced his four-year tenure as the Managing Director of the North American Development Bank (NADBank).
Nigerian Exchange Group Plc (NGX Group) is delighted to declare the selection of Mr. Temi Popoola as GMD/CEO designate, with the effective date set for January 1, 2024.
Robert Young III has taken on the position of President at Brown Capital Management starting on January 1, 2023.
Eldorado Gold Corporation has appointed Paul Ferneyhough as Executive Vice President and Chief Financial Officer, effective January 2, 2024. He will succeed Philip Yee, who is retiring on the same date.
T. Rowe Price Group, Inc. has announced that Eric Veiel, the Chief Investment Officer and Head of Global Equity, will assume the position of Head of Global Investments, effective from January 1, 2024.
Mr. Adebowale Oyedeji has been appointed as the new Managing Director and Chief Executive Officer, officially assuming his role on January 2, 2024.
OCBC has appointed Wang Ke as the CEO of OCBC Hong Kong, effective from December 15, 2023.
Acadian Asset Management has appointed Kelly Young as its Chief Executive Officer, effective immediately.
The Missouri Local Government Employees Retirement System (LAGERS) has announced the retirement of Brian Collett, Chief Investment Officer (CIO), effective January 31, 2024.
Mirabaud Wealth Management has named Jonathan Unwin as Head of Portfolio Management for the UK, a move aligned with the company's efforts to enhance its presence in the UK wealth management sector.
Standard Chartered has named Daniel Furer as the Head of Discretionary Portfolio Management & Asset Allocation. Furer will report to Steve Brice, the Global Chief Investment Officer.
Elo Mutual Pension Insurance Company has named Jonna Ryhänen, M.Soc.Sc., as Chief Investment Officer and Deputy CEO.
American International Group (AIG) has announced that James (Jimmy) Dunne III will be joining its Board of Directors as an independent Director, commencing his role on December 1, 2023.
Colin Purdie, CFA, has been appointed as the new Chief Investment Officer for Public Markets at Manulife Investment Management.
GoldenTree Asset Management, a global asset management firm overseeing around $53 billion in assets, has appointed Charlie Fuller as Partner and Head of North American Insurance coverage.
MFS Investment Management has disclosed the retirement of Michael Roberge from the position of CEO. The role will be succeeded by Ted Maloney, the current Chief Investment Officer at MFS.
ANZ Bank New Zealand (ANZ NZ) has announced the appointment of George Crosby as the new Chief Investment Officer for ANZ Investments, effective early 2024.
John Graham, President & CEO of Canada Pension Plan Investment Board (CPP Investments), has announced the immediate appointment of Manroop Jhooty as Senior Managing Director & Head of Total Fund Management.
JP Morgan Asset Management has named Ayaz Ebrahim as the CEO for Singapore and South East Asia (SEA). Ebrahim will succeed Sherene Ban, who is relocating to Europe to assume the role of head of Continental Europe institutional.
Seen as a rising star for years, Kim leaves CalPERS private equity post.
Shenkman Capital Management has welcomed former professional basketball player and entrepreneur Jay Williams to its board of directors as part of the firm's expansion efforts in managing the wealth of high-net-worth individuals.
Australian Retirement Trust (ART) has announced the selection of David Anderson as its next Chief Executive Officer (CEO) following an extensive global search.
Where he's allocating, what’s impacting his investment strategy, and what’s keeping him up at night when the economy gives mixed signals.
Asset manager Fidelity International has confirmed that Anne Richards, with over 30 years of experience in asset management, has stepped down as CEO after five years.
Sarah Hunter has been named the Chief Economist and Assistant Governor (Economic) at the Reserve Bank of Australia. In her new role, Sarah will head the Bank's Economic Group, which includes Economic Analysis and Economic Research.
Advice from Hall of Famer Bob Maynard, on what was important to get right when transforming PERSI as a CIO, and establishing Alaska's Sovereign Wealth Fund. To Maynard, things within the current economy are repeating from years ago.
Mercer, a prominent player in transforming retirement and investment results and a subsidiary of Marsh McLennan (NYSE: MMC), revealed that it has finalized a deal to purchase Vanguard's outsourced chief investment officer (OCIO) business.
Suresh Balaji has assumed the role of Chief Marketing Officer at Lloyds Banking Group.
Jennifer Westacott AO will join the Board of Directors of Future Generation Global (ASX: FGG) as an independent director and assume the position of Chair on November 27, 2023.
J.P. Morgan has announced that Chad Tredway has rejoined the firm as the incoming Head of Real Estate Americas, J.P. Morgan Asset Management.
Marsh McLennan has announced the appointment of Pat Tomlinson as President of Mercer, the global business under Marsh McLennan focused on transforming the landscape of work, shaping retirement and investment results, and fostering genuine health and well-being.
Rest, one of Australia's leading Superannuation Fund, Appoints John O’Sullivan as Chief Financial Officer.
Australian Philanthropic Services (APS) has announced the addition of John McMurdo to its Board of Directors, effective from November 2023.
After a Fifteen-Year Tenure, CEO Matt Whineray Announces Resignation from Guardians of NZ Superannuation.
DWS Group will have a management team adjustment, with the introduction of Rafael Otero as the new COO, commencing from January 1, 2024. Reporting directly to Chief Financial Officer Markus Kobler, Otero's appointment prompts Kobler to temporarily shoulder board responsibility for the Chief Operating Office.
Morgan Stanley has appointed Jed Finn as the head of the company's $4.8 trillion wealth-management business, granting him oversight of the firm's most significant revenue generator.
Texas Land Commissioner and Texas Permanent School Fund (PSF) Corporation Board Member Dawn Buckingham, M.D. has announced that Bob Borden will become the Chief Executive Officer of the Texas Permanent School Fund Corporation.
Amundi US has announced that Marco Pirondini will assume the role of Executive Vice President and Chief Investment Officer for the US division, starting from January 1, 2024.
Upon achieving some of the highest returns in the industry at NYU, Jacobs quit and is now resurfacing.
Veteran emerging markets investor Mark Mobius is set to step back from his position at Mobius Capital Partners LLP in the coming months, as announced by the asset manager.
Pernille Jessen will join AP Pension as their new investment director starting on January 1, 2024. Jessen comes from a position as co-investment director at AkademikerPension and has previously worked at Danmarks Nationalbank.
City National has named Howard Hammond as the new CEO. The appointment is effective on November 27th.
Amundi appoints Eddy Wong as CEO Asia, starting from November 6th. Eddy will oversee Amundi's activities in North & South Asia, along with the joint ventures in mainland China. He also joins Amundi's Executive Committee.
Vincent Tuohey, an investment director with the Global Investment team at the Massachusetts Institute of Technology's Investment Management Company (MITIMCo) and a highly accomplished former U.S. Army captain, has been appointed as the incoming president of the Princeton University Investment Company (PRINCO). Tuohey is set to take over from the longstanding PRINCO President, Andrew Golden, who is scheduled to retire at the conclusion of this academic year.
The San Joaquin County Employees’ Retirement Association (SJCERA) has announced that Chief Executive Officer Johanna Shick intends to retire in March 2024. This decision comes after Johanna Shick's remarkable seven-year tenure at SJCERA, during which she provided dedicated service and exceptional leadership, and after more than 33 years of serving in the public sector.
The story of an investor who turned his airline fund toward success during the pandemic, when planes weren't even flying.
Oliver Morley will leave Pension Protection Fund (PPF) on December 2023 to become the Chief Executive at The Money and Pensions Service (MaPS).
The Board of Directors of Morgan Stanley has announced that Co-President Edward (Ted) Pick will assume the role of the company's Chief Executive Officer, starting from January 1, 2024.
The Teachers' Retirement System of Illinois (TRS) has appointed Ghiané Jones as the new deputy chief investment officer, starting from October 10.
Star investor Anthony Rodriguez leaves NYC BERS for a role custom-created for him.
At Austin Institutional Forum hosted by Markets Group, Veal discussed what he’s focusing on as the new CIO in the post pandemic environment.
After leading a 68.6% increase in 8 years, Kathleen Jacobs’ last day was Sept. 30
She will be the 7th Chief Investment Officer in two decades to leave the largest pension fund in the United States.
In taking on the role, Donegan became the first woman real estate director.
Some might call him an outlier, but Bob Jacksha's less conventional strategies paid off when he needed them most in 2022.
Chief Investment Officer Don Pierce and Dr. Arun Muralidhar have found a way to rebalance that has given California's San Bernardino County Employees Retirement Association at least 100 bps per year since 2005.
Caption: Doug Brown, CIO of Exelon, has a secret sauce in mentoring future CIOs, and this series explores it. In Part 3, Bob Watson, who took over the CIO role at Chrysler when Brown left for Exelon, discusses what best prepared him to become the next chief investment officer.
One co-CIO takes over entire CIO role, one strategic thinker gets poached.
Mercer's global head of ESG and Sustainability discusses how different regions of the world are applying ESG themes to their investment processes.
A simple method to manage unmanaged risks in portfolios (that were exposed in 2008)
The chief investment officer hired for Texas ERS during the pandemic led the team to achieve what few can.
Using RTX Corporation’s (formally known as Raytheon Technologies Corporation) data, she found disparities in minority populations. Now the chief investment officer is asking plan sponsors for data to help improve plans in the United States.
Greater dispersions ahead, warns Mercer columnist David Scopelliti
Cbus, Ontario Municipal and TTC all appoint new CIOs
Brian O’Neil of the Robert Wood Johnson Foundation talks with Ratna Kota of the Maryland State Retirement and Pension System on preparing a portfolio to hedge inflation, evaluating investments within an entire fund, and giving responsibility to your investment teams while remaining accountable, among other subjects.
This exclusive interview with the chief investment officer of the Van Andel Institute includes her boots-on-the-ground observations in Asia and Europe.
ILPA's new board was unanimously elected
In a series about how Doug Brown mentored future CIOs, we follow a woman who became a CIO at two public companies.
Starting her new chief investment officer role during a wild time in economic history, her knack of finding diverse managers is reducing risk and paying off.
CIO Neil Roache of J&J discusses the “Doug Model” in a series about 5 mentees (and counting) who rose to CIO seats.
Fernando has a goal to increase the fund's exposure to private markets.
The fund has set a priority to enhance its strategy during proxy voting season, and vote for disclosures on greenhouse gas emissions and diverse board members.
Does this new economy require staying the course or a new approach: What the Chief Investment Officer of the IMF is asking of his managers.
Upgrading tech systems gave this New York fund a competitive, digital edge.
Dubai-based Standard Chartered bank recently developed a new investment model whereby it promotes diversity of thought, takes on opposing views and encourages debate at the investment committee level. In this interview, EMEA CIO Manpreet Gill details the effect that investment diversity has on performance and return.
As he leaves his role at International Paper, the vice president of investments talks candidly about plan improvements, surviving a lawsuit, threats to pensioners, and succession planning.
Harris will depart from his role at the $66 billion investment organization June 30.
Many investors naively assume that if an infrastructure asset’s cash flow is in some way inflation-linked, that is enough.
Denver Foundation's president and CEO is incorporating diversity, equity and inclusion to policy, investments and grantmaking while creating individualized ESG metrics for the foundation.
A quick discussion on female representation within the finance industry by Legalsuper's head of strategy.
In a multimedia interview, the favored consultant and executive vice president of Callan gives philosophy on investment due diligence, onboarding board members, and other topics on chief investment officers' minds.
On the heels of a fusion breakthrough, Coaker speaks to his peers about what’s ahead and what investors should know about fusion as a potential energy source.
Minnesota’s CIO resurfaces after retiring in October.
The CIO was poached from NYU.
Bob Hunkeler will retire at the end of the quarter.
Ben Cotton will take over for Bob Devine and Jim Grossman, all PSERS staff cleared of wrongdoing.
Investors give standing ovation and enumerate his many contributions to the industry.
New Mexico's interim rising star beats pool of 200 applicants.
Regarding board politics, “If you can't really explain what you were trying to do, you've got problems,” said Maynard.
Shannon O'Leary: I have seen a number of firms significantly damage their investors via rampant group-think.
Director of marketable investments, Jackie O. Gifford,
joins OCIO.
Trevin Erichsen will serve as interim CEO while a
full-time replacement is found.
A merger between CareSuper and Spirit Super would create
a fund with 500,000 members and US$29 billion under management.
Drop in alternative holdings allows SBA to back five
funds, including one focused on digital assets.
Because Taiwan Semiconductor Manufacturing Co. is
comfortably the world's largest contract manufacturer of semiconductors, a
takeover could have far-reaching impacts.
HESTA will be provided a first right of refusal to
invest in existing and new projects by Countrywide Hydrogen.
The Oman Investment Authority will consider owning up
to 10% of the project, which is valued at $1.5 billion in total.
This means it will adjust for changes in asset
enterprise values so that its carbon intensity reductions are more accurate.
It will license component technology from BMW for use
in the vehicle development process.
System will look to launch co-investment program and
do more internationally.
Meta Platforms, Samsung Electronics and Nvidia have
all fallen out over the course of 2022.
Program’s private equity program reports a loss, leads to restatement of year-end numbers .
MSquared Affordable NYC Fund marks a first for
Trinity.
The investors, from 33 countries, urged governments to
put in place climate strategies, to transition away from fossil fuels, end
deforestation, bolster climate finance, and strengthen disclosures.
Washington State pension system will commit up to $250
million.
Effort to do more such deals is driven by a desire to
reduce costs by $300 million annually.
Secretary General Dr. Srikanya Yathip details how the fund executes on its ESG mission.
Expected shortfall in distributions and tough
secondary market may lead to reduced commitments.
The government will form a national ‘housing accord’
with local governments, investors, and the construction sector.
The fund will set up investment companies in Bahrain,
Iraq, Jordan, Oman, the Republic of Sudan, and Egypt.
Among other changes, Tan Chong Lee, currently the
group’s president, will be transferred to 65 Equity Partners as CEO.
The MPF system is on track for its worst annual
performance since 2008.
Karen Frank’s plans after
two years in the role are not known.
Third
school in Research Triangle, Duke University, posts a 1.5% loss.
Ivan Manolov spent nearly 11 years at YMCA Fund.
Because no withdrawals from the fund are expected
until 2035, it invests mostly in risk assets.
The under-representation of women in leadership
positions has been identified as a major contributor to the pay gap.
System reducing pacing plans for two sectors – despite
strong gains from both.
Princeton said its endowment was down 1.5%.
Greg Ruiz joins Jasper Ridge Partners after helping ‘turn
around’ CalPERS’ PE program.
Retirement system raises cash holdings 6
percentage points above policy target
The A$193 billion fund’s portfolio sank 0.6% during
the quarter as equity and bond markets retreated.
Bradley Dyslin to replace retiring Eric Kirsch.
Sovereign
wealth fund backs three sector funds and also commits to infrastructure and
distressed lending funds.
Board approves commitment to Angelo Gordon Realty.
As stewardship investment officer, Philip Larrieu will
focus on maximizing Oregon’s public equity holdings through corporate
engagement.
New Mexico State Investment Council CIO reflects on
career, investment changes and millennials.
The funds are asking the courts whether the auto maker
had the right to refuse a climate lobbying disclosure resolution put forward at
its AGM.
Currently comprising 5.4% of the portfolio, it can be
expanded to 10% over the next 10 years.
Martin Longchamps is hired from PSP Investments,
replaces Martin Laguerre.
Abu Dhabi sovereign wealth fund commits half the
amount that Aliph Capital is seeking to raise.
