Darcy Song, Author at Top1000funds.com

Investor Profile

CPP Investments, NBIM reflect on lessons from a 5-year transparency journey

The Global Pension Transparency Benchmark has been a driving force in improved transparency of disclosures and reporting among global asset owners. As the project comes to its close after five years, two leading funds reflect on why transparency has been a clear focus for their organisations.

Darcy SongOctober 31, 2025

Global Pension Transparency Benchmark

Norway’s GPFG keeps most transparent pension fund title with perfect score

Norway’s $2 trillion Government Pension Fund Global has retained its title as the world’s most transparent fund, scoring 100 out of 100 for the second year in a row, according to the results of the 2025 Global Pension Transparency Benchmark. It was closely followed by CPP Investments and CDPQ.

Darcy SongOctober 30, 2025

Global Pension Transparency Benchmark

Global pension funds lift transparency, but cost reporting still lags

Global asset owners have made significant advancements in the transparency of disclosures with the industry, showing unprecedented alignment with best practices in performance, responsible investing and governance disclosures. However, cost reporting continues to be a pain point.

Darcy SongOctober 30, 2025

Global Pension Transparency Benchmark

Canada marks five-year reign as global transparency leader

Canada has been named the country with the most transparent pension funds for the fifth consecutive year, according to the 2025 Global Pension Transparency Benchmark, with each of the five Canadian funds assessed ranked in the top 15 funds globally.

Darcy SongOctober 30, 2025

Organisational Design

Minnesota overhauls governance as CIO gets more mandate power

Chief investment officer of the $150 billion Minnesota State Board of Investment will gain authority to hire and fire managers without board approval in a governance overhaul approved this week that will sharply fast-track decision-making. The change follows an 18-month asset allocation study which has resulted in some portfolio finetunes.

Darcy SongOctober 23, 2025

Asset Allocation

Fordham University dials up growth equity, cools on private credit

Fordham University CIO Geeta Kapadia is cutting back on private credit, calling it an asset class “less able to financially engineer returns” in a higher-rate world. She’s instead redirecting the $1.1 billion endowment to venture and growth equity and entrusting larger mandates to a smaller roster of high-conviction managers.

Darcy SongOctober 21, 2025

Darcy Song

The latest

Investor Profile

CPP Investments, NBIM reflect on lessons from a 5-year transparency journey

Global Pension Transparency Benchmark

Norway’s GPFG keeps most transparent pension fund title with perfect score

Global Pension Transparency Benchmark

Global pension funds lift transparency, but cost reporting still lags

Global Pension Transparency Benchmark

Canada marks five-year reign as global transparency leader

Organisational Design

Minnesota overhauls governance as CIO gets more mandate power

Asset Allocation

Fordham University dials up growth equity, cools on private credit

California Public Employees Retirement System (CalPERS)

ABP/APG Asset Management

California State Teachers Retirement System (CalSTRS)

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