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.
News
Norges Bank Topped GPIF to Become Largest Institutional Investor
During a strong 2024 for sovereign wealth funds, Norway’s Government Pension Fund Global surpassed Japan’s Government Pension Fund, although the top spot did fluctuate.
University of Chicago Endowment Rises 10.2% to $10.9B
A private markets secondaries sale cost the fund 90 basis points, but strong digital asset performance helped it exceed last year’s return.
Prudential Financial Names Matt Armas CIO
Set to start in March 2026, the new hire’s insurance expertise was cited as an important factor.
Treasury, IRS Clarify Trump Account Intent, Limits
Billionaires Michael and Susan Dell pledged $6.25 billion to support the initiative aimed at providing an estimated $250 each to 25 million children.
Legislative Package Seeks to Improve Market Disclosures, Encourage IPOs
The bill includes more than 20 measures that have already advanced out of committee.
SEC Chair Atkins Argues to Reform Company Disclosure Requirements
The change would be one of three pillars on which the first-year chair intends to base attempts to deregulate financial markets.
Mercer Seeks New US CIO
The firm is also looking to hire a new head of North American infrastructure.
WTW to Acquire Secondaries Manager FlowStone
The acquisition, set to close in early 2026, aims to enhance WTW’s private markets capabilities for institutional and wealth investors.
Goldman Sachs to Acquire ETF Provider Innovator Capital Management
GSAM will add $28 billion in exchange-traded-fund assets to its platform.
How Investors Can Approach Portfolio Volatility Heading Into 2026
While most forecasts are optimistic for next year, volatility is projected to continue, likely resulting in a variety of strategies rising to navigate it.
Markets Battle Data Blackout, Cloudy Fed Outlook
With key inflation and jobs reports delayed, allocators brace for a foggy December—balancing risk, volatility and uncertainty about the Federal Reserve’s next move.
Despite High Market Concentration, Investors Are Holding On
Institutions might be willing to maintain their bet on concentrated markets, if top-performing equities grind higher.
Nature Conservancy Nabs New CIO From ASU Enterprise Partners
Jeff Mindlin will join the conservation group in mid-December.
NYC Comptroller Calls for City Pensions to Drop BlackRock, Fidelity, PanAgora
Brad Lander has recommended three of the city’s five pension funds rebid BlackRock’s U.S. public equities index mandates.