Pension Pulse

Matt Toledo of Chief Investment Officer reports Eduard van Gelderen Appointed Head of Research at FCLTGlobal: FCLTGlobal, a non-profit that aims to help institutional investors drive long-term value creation named Eduard van Gelderen, former CIO of Canada’s Public Sector Pension Investments, as head of research. Van Gelderen had joined PSP in 2018 and department in October. A number of global institutional investors are members of FCLTGlobal, including APG, BlackRock, the California State Teachers’ Retirement System, PSP Investments, Future Fund, and many of the largest asset owners in the world. “We are delighted to welcome Eduard as our new Head of Research. His extensive leadership experience, deep understanding of long-term investment strategy, and proven track record in shaping sustainable investment practices will be instrumental in advancing our research agenda,” said Sarah Keohane Williamson, CEO of FCLTGlobal in a statement.  As an organization, FCLTGlobal seeks

Chris Witkowsky of Buyouts reports  Canadian giant PSP Investments shops $1 billion-plus portfolio: PSP investments is shopping a large portfolio of fund stakes that could total up to around $1.5 billion, according to sources and confirmed by the pension system in a statement to Buyouts . PSP is among several Canadian pensions in the market with a large LP secondaries. Ontario Teachers’ Pension Plan is also out with a potential $1 billion-plus portfolio sale, sources said, confirming an earlier report by Bloomberg . The processes are part of a wave of LP sales that have driven the market this year to what are expected to be near-record, or better, activity levels. LP sales accounted for about $40 billion, or 59 percent of activity in the first half, according to Jefferies’ half-year volume report. “LPs tapped the secondary market both to increase liquidity and to reallocate their private asset portfolios; we expect LP supply to further increase in H2 2024 as pricing conti

Karen Friar and Hamza Shabanof Yahoo report the Dow, S&P 500, Nasdaq tumble as traders trim rate-cut bets: US stocks fell on Friday, on track for weekly losses as investors absorbed Chair Jerome Powell's signal that the Federal Reserve won't hurry to make interest-rate cuts. The S&P 500 ( ^GSPC ) dropped 1.2%, while the Dow Jones Industrial Average ( ^DJI ) slid roughly 0.7%. The tech-heavy Nasdaq Composite ( ^IXIC ) led declines, falling nearly 2%. Powell's hawkish comments are casting a pall on markets as the initial optimism for President-elect Donald Trump's policies starts to wear off. The S&P has already reversed one-third of its post-election rally, and the Nasdaq is poised for a weekly loss of around 1%. Retail sales data released on Friday morning reflected continued resilience in the American consumer, a sign of the economic strength Powell suggested would allow the Fed to take its time. October sales rose 0.4% month on month, versus 0.