Opinion
System-Level Investing in Practice: From Beliefs to Blueprints
‘If you want to go fast, go alone. If you want to go far, go together.’ But what if the road itself is crumbling?
News Archive: Jul - 2025
Corporate Moves
PGIM AUM Grows to $1.4T, Driven by Market Appreciation
In its earnings report for the year’s second quarter, Prudential also reported a slowdown in pension risk transfer mega-deals.
Corporate Moves
Brookfield Moves Into Annuities by Acquiring Just Group
The asset manager’s wealth solutions arm announced it will acquire the defined benefit insurer for $3.17 billion.
Alternatives
Trump’s Crypto Working Group Lists Proposals for Broader Digital Finance Adoption
The recommendations in the 166-page report mostly called on agencies to provide clearer rules on trading the assets.
Market Moves
LP-, GP-Led Secondaries Grow to Record Volumes in 2025
In the first half of the year, more than $100 billion in secondaries transactions occurred.
Pensions
CalSTRS Achieves 8.5% Return for Fiscal 2024-25
Assets of the California State Teachers’ Retirement System rose to $367.7 billion.
Asset Allocation
Institutional Investors Pull Back From US Equities, See Complacent Markets Amidst Tariff Policy Shifts
According to CoreData research, investors are making significant portfolio changes in light of market volatility.
Newsmakers
CFA Institute Names Naqvi Managing Director of Research, Advocacy and Standards
Mona Naqvi, whose position is to begin in September, will inform the organization’s research, insights and policy.
Manager Selection
Penn SERS Makes $1.5B in Fixed-Income Commitments
The Pennsylvania State Employees’ Retirement System allocated to three strategies and maintained its assumed rate of return.
Asset Allocation
Octopus Australia Wins $650M Mandate From APG
The renewable fund manager will deploy assets from the Dutch pension fund to clean energy transition projects.
Pensions
Canadian PRT Transaction Volume Down 60% in H1
Plan de-risking deals took a backseat amidst market and trade-driven volatility, according to Sun Life.
Newsmakers
Former Johns Hopkins CIO Joins Colorado Family Office
Jason Perlioni will lead the investment committee at the $3 billion Cherry Creek Family Offices.
Newsmakers
Blackstone Real Estate Chief Killed in NYC Shooting
Wesley LePatner was the global head of Core+ Real Estate and the CEO of Blackstone Real Estate Income Trust.
Alternatives
Macquarie Asset Management Closes Inaugural Infrastructure Secondaries Fund
Approximately $711 million in total commitments were made for MAPIF.
Newsmakers
University of Rochester CIO Doug Phillips to Retire
The investment chief will leave at the end of September after 25 years at the institution.