Private Credit Is Changing Everything, Even Bankruptcy
Restructuring professionals report an uptick in both restructuring activity and private equity sponsors considering turning indebted businesses over to their lenders.
News
Public Equities Drove University Endowment Returns in 2023
Alternative-heavy portfolios floundered last year, according to data tracked by NEPC.
Construction Pension Granted $16M by PBGC
The aid will allow the critical status plan to remain solvent through 2051.
CDPQ Aims to Save C$100M per Year by Bringing Real Estate Units Into Main Business
The Canadian pension giant is integrating Ivanhoé Cambridge and Otéra Capital, also announcing the April departure of Ivanhoé Cambridge CEO Nathalie Palladitcheff.
Investors’ Interest Rate Expectations Unrealistic, per NEPC
After many years of low borrowing costs, too many people have the delusion that these will return, NEPC warns.
Aon Agrees to $1.5M Settlement With SEC Over Pennsylvania Pension Data
The penalty is related to misleading statements the adviser made to the Pennsylvania Public School Employees’ Retirement System.
Dimensional Fund Advisors Promotes Savina Rizova to New Co-CIO Role
Sharing the position with Co-CEO Gerard O’Reilly, Rizova will continue to be in charge of the firm's research department.
Market Cap Race: How Does Apple Stay in Contention With Microsoft?
The iPhone maker has flat revenue at best, while the software titan enjoys major top-line growth.
PBGC Names 6 Firms to Smaller Asset Managers Program
The companies will manage some of the agency’s fixed-income assets.
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.