Private Credit: Fees Down, Rates Ascend
Investors in the in-vogue asset class hope that rising yields will boost their take.
News
NYC Comptroller Calls for Executive Clawbacks at Bank of America
Brad Lander also lashed out at BlackRock for appointing the CEO of the Saudi Arabian Oil Co. to its board.
Teamsters Drop Yellow Strike Threat After Central States Pension Extends Benefits
The union threatened to strike over a missed $50 million payment by subsidiaries of Yellow, which accused the Teamsters of breaching their CBA.
PBGC Clarifies ‘Return Seeking’ and ‘Investment Grade’ for SFA Purposes
Reacting to some confusion about the terms’ precise meanings, the PBGC clarified and provided examples of both.
Public Pension Funds Continue to Boost Alts Allocations in Search of Higher Returns
The Equable Institute’s State of Pensions 2023 report claims that ‘pension funds are addicted to risk.’
AFL-CIO Investment Vehicle Names New President
Monte Tarbox, the veteran union pension fund leader, succeeds Randy Kinder at the AFL-CIO Investment Trust Corp.
House Republicans Propose 11 Bills Reforming Proxy Advisory Services
The bills would make it substantially easier for issuers to exclude proposals and harder for the SEC to compel them to include proposals on proxy statements.
Where ESG-Minded Investors Should Put Their Money
Despite a harsh political climate for the concept, a CIO webinar of experts offers some smart insights.
Hamilton Lane Names New CFO in Leadership Shuffle
Revamp taps three other executives for new roles and follows elevation of Andrea Kramer to chief operating officer in May.
Abrdn Sells US Private Markets Business to HighVista Strategies
The Scottish investment giant will transfer $4 billion in AUM and 30 employees to the Boston-based alts manager.
SEC Chair Gensler Says Crypto Is ‘Rife With Fraud’
The comments come as the SEC reviews applications for six Bitcoin ETFs.
CalPERS Reports Preliminary 5.8% Return for Fiscal 2023
Public equities and private debt were the top performers for the fund’s $462.8 billion portfolio.
Lagging Governmental Commitment to Reduce Inequality Must Be Acted Upon, Top Economists Say
Group assembled by Nobel winner Stiglitz chides governments for ignoring pledge they signed to fight global poverty.
Illinois Teachers’ Pension Seeks Diversifying Strategies Consultant
The Illinois TRS is also looking to hire a new investment officer and plans to open a Chicago office.
Changes to Pension Risk Transfer Rules Might Be Coming
The ERISA Advisory Council met this week to discuss possible changes to IB 95-1, which outlines how fiduciaries should select an annuity provider.