Police & Fire Retirement System of the City of Detroit Seeks Own CIO
Move
comes months after death of CIO who oversaw PFRS and Detroit General Retirement
System.
David Kubik
Rising Interest Rates, Ample Liquidity Lowers Returns on U.S. Multifamily
Experts agree the magnitude of the incoming slowdown
in the multifamily sector will depend on the actions taken by the Fed in the
second half of 2022.
Berkshire Hathaway Buys Two Australian Solar Farms
Berkshire Hathaway’s CalEnergy Resources has also
agreed to codevelop additional renewable energy facilities in the country.
CalSTRS Lays Out Plan for Cutting Investment Costs
Pension plan sees private
equity co-investing as key component but needs the right people to execute.
Swedish Battery Maker Northvolt Raises $1.1B for Expansion in Europe
Battery manufacturer secures commitments from 14
investors, including pensions, insurance companies.
Iowa Public Employees’ and Other State Funds Show Patience Needed to Alter Asset Allocation Plan
‘Ambitious’ plan involved changing private
equity, private credit, real assets and fixed income mix.
CalSTRS Expects to Report Negative Results for 2021-22 Fiscal Year
System’s CIO believes most of its peers will
also have negative results.
Ex-Prudential Executive Joins Apollon
Eric Sterner will be CIO of the $2.5 billion RIA.
Fixed Income Is Back, PIMCO Says
The investment manager sees opportunities in quality
bank paper, municipal bonds and agency mortgage-backed securities.
China Has Gone From ‘Uninvestable’ to Compelling, Allocators Say
However, ANZ
expects China’s GDP growth to slow towards mean global growth rates of 2% to 3%.