Group of Maple 8 pension funds backing Blackstone’s acquisition of Rogers subsidiary
Following the transaction, Blackstone will hold a 49.9% equity interest (with a 20% voting interest) in the subsidiary).
Institutional investments
AIMCo generates net return of 12.3% in 2024, falling short of benchmark
The return came in slightly below the total fund benchmark return of 13.8%.
NYC Comptroller urging city’s Law Department to sue Tesla Board of Directors
In a press release, the Comptroller said Tesla has suffered financially, causing enormous losses for its shareholders.
Indonesia appoints Ray Dalio as advisor for new sovereign wealth fund
Launched in February, Indonesia’s Danantara is projected to manage more than $900B in assets from across the banking, energy and telecommunications sectors.
Could AI offer investors a steady hand amid times of uncertainty?
A recent survey by Mercer found nine out of 10 investment managers are currently using or planned to use AI in their investment processes.
PennSERS posts net return of 9.8% in 2024, led by U.S. equities
U.S. equities generated the highest return, increasing 2.80% in the fourth quarter and 23.38% for the full calendar year.
PSP Investments appoints Caroline Vermette as CFO, Alexandre Roy as chief risk officer
Vermette joins the pension fund after serving as the National Bank of Canada’s senior vice-president of internal audit.
CalPERS’ Deputy CIO Dan Bienvenue stepping down
Bienvenue is leaving to join private equity firm General Atlantic as managing director, leading the firm’s capital solutions initiatives for pension plans.
WTW appointing Craig Baker chief investment strategist, Jon Pliner global CIO
Baker and Pliner will assume their new roles, effective Apr. 1.
Funded ratio of U.S. corporate pension plans declines 1.2% in February: report
Overall, the funded status of plans listed in Milliman’s index dropped by $13 billion in February.