AUM growth decelerates and fundraising softens, Preqin reports.

The new unit will deal in real asset debt, structured and corporate credit, specialty finance and impact lending.

The $72.8 billion pension fund also launched a new strategic plan and hired an external derivatives manager.

Leadership takes on many forms. This year, for our annual Power 100 list of CIO allocators, we found it in gravitas, adaptability, tenure, assets under management and change-making.

Lower valuations and lots of unspent cash are the ingredients for an eventual upturn, says PitchBook.