The pension fund would be able to borrow as much as $30 billion to mitigate potential market downturns.

The nation’s stocks out-run everyone else’s, and should continue to, per the firm’s outlook.

Larger exchanges came out in opposition, while smaller exchanges and consumer advocates supported the change.

Moving from a CIO position in the U.S., Devitt’s appointment is effective January 15.

Voya IM names new CEO; Goldman adds head of retirement role for asset, wealth group.

The promotions of Lionel Assant and Ken Caplan come amid several new asset management appointments throughout the industry.