Pension Pulse

Rian Howlett , Karen Friar and Laura Bratton of Yahoo Finance report the Dow, S&P 500 cap volatile week with back-to-back weekly losses: US stocks were mixed on Friday, as Wall Street capped a turbulent week stoked by President Trump's heated pursuit of Greenland , while chipmaker Intel ( INTC ) sank after its earnings disappointment. The Dow Jones Industrial Average ( ^DJI ) retreated roughly 0.6%. The S&P 500 ( ^GSPC ) rose slightly, and the Nasdaq Composite ( ^IXIC ) gained 0.2%. All three major indexes posted back-to-back weekly losses. Intel posted worse-than-expected first quarter guidance late Thursday, raising concerns about its turnaround. The chip giant swung to a quarterly loss as it struggled to meet demand for its server chips used in AI data centers. Shares sank over 16% Friday.t Stocks recorded weekly losses for the second week in a row as the relief that lifted stocks for two straight days of gains wore off. After a rough start to a holiday-shorten...

Layan Odey of Bloomberg reports  BCI’s $182 billion pension fund names Jon Salon head of private equity unit:  British Columbia Investment Management Corp. named Jon Salon as the new global head of private equity, succeeding industry veteran Jim Pittman, who is leaving the pension plan at the end of the month. Salon, who will assume the role next month from New York, joined the pension manager in 2024 after leading Cigna Group’s Evernorth Health Services. Prior to that, Salon spent about 15 years at buyout firm Bedford Funding, where he was a founding partner. “Jon has been an exceptional addition to our private equity leadership, and I’m pleased to welcome him to BCI’s executive management team in this new capacity,” Chief Executive Officer Gordon J. Fyfe said in a statement seen by Bloomberg. Since joining BCI in 2016, Pittman grew the private equity unit from a C$7 billion ($5.1 billion) into a C$36 billion business, while broadening the strategy and expanding its g...

I am publishing two comments today since I didn't publish yesterday. James Bradshaw of the Globe and Mail reports three senior executives resign from CAAT pension plan: Three of the most senior executives at the CAAT Pension Plan resigned without explanation this week, as chief executive officer Derek Dobson cited a need for “the right alignment of our executive team” in a memo to staff. Chief investment officer Asif Haque, chief financial officer Mike Dawson and chief pension officer Evan Howard resigned on Monday, according to a company-wide e-mail reviewed by The Globe and Mail. Mr. Dobson did not provide a reason for their departures to plan staff, but he wrote that all three executives “are leaving the organization on good terms” in the e-mail sent Tuesday afternoon. A spokesperson for CAAT confirmed the resignations in an e-mailed statement on Wednesday that did not explain why they are leaving but said that the plan “is in strong financial shape.” Mr. Haque, Mr...

Alex Harring of CNBC reports  Danish pension fund to sell $100 million in Treasurys, citing ‘poor’ US government finances:  Danish pension operator AkademikerPension said it is exiting U.S. Treasurys because of finance concerns as Denmark spars with President Donald Trump over his threats to take over Greenland. Anders Schelde, AkademikerPension’s investing chief, said the decision was driven by what it sees as “poor [U.S.] government finances” amid America’s debt crisis . But it also comes as tensions escalate between the U.S. and Denmark after Trump’s latest threats to tariff European countries if Greenland, an arctic territory of Denmark, isn’t sold to the U.S. “It is not directly related to the ongoing rift between the [U.S.] and Europe, but of course that didn’t make it more difficult to take the decision,” Schelde said in a statement to CNBC. The fund currently has a position of around $100 million in U.S. Treasurys, an AkademikerPension spokesperson confirmed ...

HOOPP announced on LinkedIn that Chris Holtved was recently appointed Senior Managing Director and Head of Global Real Estate:  Faces behind the Fund: get to know Chris Holtved, HOOPP’s new Senior Managing Director and Head of Global Real Estate Chris Holtved was recently appointed Senior Managing Director and Head of Global Real Estate at HOOPP. In this role, Chris is responsible for overseeing a diverse portfolio of investments across Canada, the U.S., Europe and Asia. Since joining HOOPP, Chris has been instrumental in shaping and expanding the Real Estate portfolio, playing a key role in its significant growth and development. Over his more than decade-long tenure at HOOPP, he has held multiple senior leadership roles, including Global Head of Industrial Real Estate and interim co-head of Real Estate. Reflecting on his new role, Chris shared: “HOOPP has built not only an incredible portfolio of real estate, but an incredible team of real estate professionals. The o...