Japan’s Government Pension Investment Fund made a record cut to the weighting of Treasuries in its portfolio last fiscal year as the world’s safest asset led a global debt selloff.
Allianz SE warned of a potentially material hit to its earnings after the U.S. Justice Department opened a probe into its Structured Alpha Funds, which are at the center of lawsuits in the wake of steep losses during the pandemic.
Managers running funds as diverse as U.K. smaller companies, emerging markets and artificial intelligence stocks were among those rising up the rankings.
The assets managed by minority and women-owned business managers in the state’s $127 billion pension fund grew in the last year by $7 billion, a report released Thursday by Comptroller Tom DiNapoli’s office found.