KKR, USI Insurance Buy USI Shares From CDPQ
KKR is increasing its equity in the insurance broker and consultant to continue driving long-term growth.
News
Will Apple’s Rotten Showing Continue? Watch the New iPhone Release
The company’s key product, the latest version of which will be unveiled Tuesday, has boosted the stock in the past.
PGIM Real Estate Promotes Cathy Marcus, Raimondo Amabile to Co-CEO Roles
The duo will retain their current duties under former CEO Eric Adler, who will helm newly formed PGIM Private Alternatives.
Ohio Pension Sues Amazon for Snubbing SpaceX in Favor of Blue Origin
Lawsuit alleges that ‘personal rivalry influenced Amazon’s procurement process.’
IBT Local 863 Receives $334 Million Grant From PBGC
The transportation industry pension was expected to become insolvent next year.
CFA Institute Launches Research and Policy Center
The center will seek to provide new insights into the future of the investment industry.
Phoenix Pension Fund Returns 5.4% in Fiscal 2023
The City of Phoenix Employees' Retirement System’s asset value grew to nearly $3.4 billion as of the end of June.
Australia’s Cbus Unveils New Leadership Team
The construction and building industry superannuation fund announced changes to its executive leadership structure.
NTAM Appoints Anwiti Bahuguna Chief of Asset Allocation
The economist was a key player at Columbia Threadneedle.
House Republicans Propose 4 New Anti-ESG Bills
The Education and Workforce Committee adds to prior Republican pushback against ESG investing in retirement plans.
Republicans Call for Acting Secretary Su to Step Down Ahead of New Fiduciary Proposal
The OMB is expected to receive in the coming days a DOL proposal that may face challenges to more than just its substance.
Illinois Launches New Type of Infrastructure, Real Estate Fund
The $1.5 billion First Fund will focus on impact investing in funds that officials hope will ultimately benefit the state’s infrastructure and economy.
US Bancorp Names Marc Ammaturo to Key Institutional OCIO Post
The finance veteran will helm distribution efforts in the firm’s expansion bid.
BAE Systems Outsources Management of 2 UK Pension Funds to Goldman Sachs
At 23 billion pounds, the OCIO mandate is the largest in UK history, according to the asset manager.
Why September, Usually the Lousiest Month, May Portend a Good Finish for 2023
When double-digit market growth precedes the 9th month, good things tend to follow for investors, according to LPL and BofA.