PBGC to Become Fiduciary Manager of St. Joseph Pension Plan
As St. Joseph Health Services liquidates, the Pension Benefit Guaranty Corporation will take over management of the health care pension plan.
News
Ontario Teachers’ Pension, Nordic Capital Acquire Max Matthiessen
The pension fund also bought three logistic assets in Paris.
BlackRock More Than Doubles Private Credit Business With HPS Investment Partners Acquisition
The deal to purchase the private credit manager for $12 billion will see BlackRock’s credit assets grow by $148 billion.
WAMCO Appoints New CEO After Former CIO Charged With Fraud
Thomas Gahan will step up at Western Asset Management Co., effective immediately, while James Hirschman moves up to chairman.
HOOPP Names Annesley Wallace President, CEO
The appointment of Wallace to head the $80 billion Ontario health care pension is effective April 1.
Sweden’s AP7 Blacklists 2 Oil Producers
The pension fund added MEG Energy from Canada and EOG Resources from the U.S. to its banned ledger of 110 companies.
Investors Eye Emerging Markets for Some Relative Quiet
Investors may find opportunities in countries unlikely to be significantly affected by geopolitical volatility.
Conflict Not the Biggest Factor in Oil Prices Anymore
Economic factors, especially Chinese demand destruction and the growth of renewables, are flattening demand and increasing market volatility for fossil fuels.
SDCERA Seeks Investment Consultant
The San Diego County pension issued a request for proposal, with submissions due by December 13.
Sargent McGowan Named CIO for Endowments and Foundations at Brown Advisory
McGowan was previously managing director and acting CIO of UVIMCO.
US PRT Market Sees $14B in Volume in Q3
Nearly half of this quarter’s pension risk transfer volume came from IBM’s $6 billion PRT with Prudential, per Legal & General Retirement America.
Ontario DB Plans’ Funding Drops for 1st Time in Nearly 2 Years
The plans’ funded ratio was down two percentage points to 121% in Q3 due to a drop in discount rates.
SEC Files Fewer Total Enforcement Actions, but Total Remedies Still Hit Record
More than half of the regulator's $8.2 billion in remedies for fiscal 2024 came from a securities fraud case against Terraform Labs.
Most Institutional Investors Underweight on Fixed Income
Per a survey from Managing Partners Group, 99% of investors plan to increase fixed income allocations over the next 18 months.
PBGC Provides Special Financial Assistance to 100th Pension Fund
In the latest grant, $41.5 million will be provided to the ILWU Employers’ - Warehousemen’s Plan.