How Investment Advisory Firms Can Follow SEC Marketing Rule
The SEC concluded its first enforcement action under the new marketing rule last week.
News
Idaho Endowment Board Reports 10.9% Return for Fiscal 2023
The state’s Land Board will distribute a record $103.2 million to beneficiaries in fiscal 2025.
Law Firm Letter Backs DOL Rule on ERISA Fiduciaries Using Climate Factors
Fiduciaries may use climate funds, as long as financial returns receive equal or greater weight to collateral benefits, the Wagner Law Group wrote in an open letter.
How Institutional Investors Are Thinking About Alts
CIO’s NextGen honorees share their thoughts on a range of alternatives, from venture capital and private equity to private credit and infrastructure.
How Will AI Change Institutional Investing?
CIO’s NextGen honorees share a mix of anticipation and caution about artificial intelligence yet remain confident there is no replacement for human oversight.
SEC Adopts Private Fund Adviser Rules Aimed at Increasing Transparency
In dissent, Commissioner Peirce said the new rules will harm investors, while Commissioner Uyeda called them ‘arbitrary and capricious.’
Virginia Retirement System Returns 6.1% in Fiscal 2023
The commonwealth’s pension fund asset value grew to $105 billion.
Prudential Closes $1 Billion PRT Deal With PSEG
The utility company is looking for greater financial predictability and approved the partial annuitization of their pension plan.
Maybe We’ll Get That Soft Landing After All, Stock Market Suggests
Two reports seem to show a cooling economy, with the Fed backing off.
At Last, Long-Awaited Inflection Point for IPOs Seems to Be Here
After a lean season, a bevy of excitement-generating deals is in the pipeline, headed by Instacart.
Climate Risk Looms for Infrastructure Investments, Warns Report
Hazards are already apparent for many institutional investors in infra funds, says French business school EDHEC.
Junk Bond Defaults Are Rising, Despite Healthy-Seeming Economy, S&P Says
Distress in the high-yield market often is a sign of pending trouble. But economists are backing off of their recession forecasts.
NYC Comptroller, Pensions Urge Hollywood CEOs to Resolve Strikes
Brad Lander warns that a prolonged work stoppage may harm the ‘long-term stability' of investments held by the city’s pension funds.
CDPQ Reports 4.2% Return for 1H 2023
Canada’s second-largest pension fund raised its portfolio’s asset value to C$424.2 billion.
In Turnaround, New York State Pension Plan Returns 3.08% in Fiscal Q1
The fund’s asset value rose to $254.1 billion, a big improvement from the prior-year period.