Takeaways From BlackRock CEO Fink’s Annual Letter
The longtime leader highlighted his own background as a reason to stress solutions for a looming retirement crisis.
News
Pummeled Blackstone Real Estate Unit Seems Poised for a Revival
As redemptions dwindle, BREIT makes acquisitions and banks on falling rates.
Asset Management Firms Intend to Increase AI Budgets
Of technology decisionmakers surveyed by Rackspace Technology, 75% expect a bigger budget in the future, and 48% said artificial intelligence has substantially increased sales at their firm.
Funded Status of Largest 100 US Public Pension Funds Rises to 78.6%
Per Milliman, it is the highest funded ratio for public defined benefit plans since May 2022.
Texas Fund’s BlackRock Pullout Marks Latest Anti-ESG Broadside
A Republican-led backlash, including laws to undermine sustainability efforts in 17 states, may be having some results.
PRT Market Headed for Another Year Over $40B, Aon Says
With Shell and Verizon both conducting large transfers in recent months, 2024 has already seen more than $10 billion.
New Bill Would Ban Chinese Stocks in Index Funds
The measure is part of a package that would both tax Chinese dividends at higher rates and require more disclosure for securities with exposure to China.
Total Portfolio Approach: A New Way to Construct Asset Allocations
CAIA and several asset owners are adopting a new model for choosing and managing assets.
Former Mercer, NEPC Director Launches Private Capital Consultancy
Seattle-based industry veteran Troy Saharic announced Pendlebury Hall Advisors on Thursday.
NCPERS to Host Chief Officers Summit in June
The summit will bring together public pension CEOs and CIOs in Nashville.
After Receiving Extra $127M, Central States Working on Repayment Plan
In addition to that update at a subcommittee hearing, House Republicans suggested the PBGC cut premiums for its single-employer program.
Xponance Alts Unit Acquires Minority Stake in Copia Group
Woman-owned firm aims to invest in diverse investment companies.
NYC Pension Funds Seek Board Demographics From NextEra Energy, GameStop
Shareholder proposals filed by three funds contend that board diversity improves decisionmaking, transparency and accountability.
2nd Suit Filed Against AT&T’s 2023 PRT Deal
Selection of insurer Athene is again the focus in litigation over the telecom company's $8.05 billion pension risk transfer.
Fed Aims to Start Slowing Its Bond Reduction Drive ‘Fairly Soon’
Shrinking the central bank’s balance sheet has been ongoing for two years.