Trump Issues Executive Order Seeking to Curb Proxy Advisers’ Influence
The president specifically criticized the firms with the highest market share, Institutional Shareholder Services Inc. and Glass, Lewis & Co.
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RTX CIO Robin Diamonte to Retire, Deputy Joe Fazzino Named Successor
The long-serving investment head of the aerospace giant will step down in 2026.
Single-Premium Buy-In Sales More Than Triple in Q3
The $4.3 billion in sales represents the highest quarterly sales for buy-in products on record, according to LIMRA.
House Passes Bill Aiming to Boost IPOs, Strengthen Market Transparency
The legislation combines more than measures that advanced out of committee.
US House Passes $900B Defense Bill, Tightening Controls on Investments Into China
Despite the restrictions, the U.S. has allowed Nvidia to sell its H200 AI chips to China under a deal that includes a 25% cut for the government.
NEPC Names Sarah Samuels CIO, Tim McCusker Future CEO
The promotions come as the consultancy celebrates its 40th anniversary.
Plan Sponsors Can Submit 2 New Forms Through PBGC Filing System
The online portal now includes standard termination filings and coverage determination requests.
Penn SERS Returns 4.71% in Q3, 11.29% Year-to-Date
Emerging markets equities were the top-performing assets for the pension fund in the year’s third quarter.
University of Utah to Fund Athletic Program via Private Equity
A partnership with Otro Capital is intended to offset the cost of sharing revenue with the school’s athletes.
Gulf Sovereign Funds Join Paramount Bid for Warner Bros.
Investors from Saudi Arabia, Qatar and the United Arab Emirates will join Affinity Partners in the Ellison family’s bid to wrest the media company away from Netflix.
CPPIB Increases India-Based Assets With Acquisition of 6 Industrial Logistics Parks
The latest transaction marks the pension fund’s fourth significant investment in Indian infrastructure since 2022.
Defense Bill Would Restrict US Investment in China
Set to be voted on in both houses, the legislation includes provisions that would bar US investments to the Chinese military and economy.
Apollo Acquires Stake in Welsh Soccer Club Wrexham
Actors Ryan Reynolds and Rob McElhenney will sell a minority stake in the team—popularized by a television show—to the alts manager’s sports platform.
Steven Meier Named Institutional Vice Chair at Neuberger Berman
The former New York City pension CIO will provide insights and thought leadership in a newly created role.
Abu Dhabi Sovereign Fund Sues Manager Over Planned Asset Sale
The Abu Dhabi Investment Council filed a complaint against the Energy & Minerals Group related to the sale of fund assets into a continuation vehicle.