Key Takeaways
- • Eastman Kodak Co. is disbanding the internal team that manages its roughly $4 billion pension portfolio, according to people with knowledge of the matter (Bloomberg, February 28, 2024).
- • Kodak has begun notifying its investment managers that oversight of the pension program is shifting to Boston-based NEPC.
- • The sources requested anonymity, and the report did not include an official company statement on the move.
Summary
Eastman Kodak Co. is disbanding the team responsible for managing the company's $4 billion of pension investments, according to people with knowledge of the matter, as reported by Bloomberg on February 28, 2024 and updated February 29. The sources requested anonymity because they were discussing confidential information.
The former photography giant, which now also focuses on manufacturing advanced materials and chemicals, has started informing its investment managers that oversight of the pension program will move to NEPC, a Boston-based investment consulting firm. The change marks a shift from an in-house investment team to an outsourced oversight arrangement for one of the company's largest pools of capital.
The available reporting does not detail the timing of the transition, the fees involved, or the specific mandates that will move to NEPC. Readers should treat the account as based on unnamed sources until Kodak or NEPC provides further confirmation.
The former photography giant, which now also focuses on manufacturing advanced materials and chemicals, has started informing its investment managers that oversight of the pension program will move to NEPC, a Boston-based investment consulting firm. The change marks a shift from an in-house investment team to an outsourced oversight arrangement for one of the company's largest pools of capital.
The available reporting does not detail the timing of the transition, the fees involved, or the specific mandates that will move to NEPC. Readers should treat the account as based on unnamed sources until Kodak or NEPC provides further confirmation.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.