PBGC Names 6 Firms to Smaller Asset Managers Program
The companies will manage some of the agency’s fixed-income assets.
News
WTW Predicts Record Year in UK Bulk Annuity Transactions, Longevity Swaps in 2024
These types of transactions are rising, due to an increase in pension funding and the positive outlook on the U.K. insurance sector.
Yield Curve Will Right Itself, Finally, but Not Until Year-End, Experts Say
Next question: What happened to the inverted arc’s role as a recession portent?
Connecticut Commits $1.1B in Private Credit, Real Estate Investments
Treasurer Erick Russell looks to diversify the state pension funds’ private credit portfolio through two European funds.
Will Red Sea Attacks on Cargo Ships Spark Inflation?
Only to a minor degree, says LPL Financial—goods prices already are low, so there’s a cushion.
Crossmark CEO, President Mike Kern Steps Down; CIO Bob Doll Named Successor
Doll will take on three top roles at the faith-based investment firm.
US Insurers to Embrace Investment Risk, Seek Variety of Fixed, Private, Alternative Investments
American insurers are willing to embrace risk in order to combat perceived market volatility in 2024, according to Conning.
How Should ESG Backers Deal With Fossil Fuel Users?
A panel of sustainability supporters outlined strategies to get carbon emitters to change.
Indefi Hires Daniel Roy as Senior Adviser
Roy was previously CEO of HSBC Private Bank and of Natexis Asset Management.
NY State Pension Continues to Dial Back Its Stock Exposure
The New York State Common Retirement Fund exited more than $4.4 billion worth of public equity investments during the first 11 months of 2023, moving more into private equity and emerging managers.
Suggestions Sought for Retirement Plan Reporting, Disclosure
With a report on improvements due in 2025, the IRS, PBGC and EBSA are accepting feedback during a 90-day comment period.
Seattle, Austin Pension Funds Seek Investment Consultants
SCERS and COAERS have both issued RFPs for consultants with terms starting in the new fiscal year.
Ontario Teachers’ Promotes McLennan, Brown to CIO
The Canadian pension fund fills its CIO vacancy with two internal promotions and adds a new strategy role.
Agricultural Interests Voice Opposition to SEC Climate Disclosure Proposal
The agricultural industry has long been among the chief opponents of climate disclosure, particularly scope 3 disclosure.
Abu Dhabi, Dutch, Indonesian Funds Invest in Major Southeast Asia Highway Project
The investments are the first under a 2021 agreement establishing Indonesia’s first toll road investment platform.