New York Life Names Craig Sabal CIO, Combines Investment Units
Sabal succeeds Tony Malloy, who is retiring after 27 years with the insurance giant.
News
Yale Investments Launches 2026 Prospect Fellowship Applications
The university will select five ‘forward-thinking’ investors to launch their own investment funds with funding from Yale.
Connecticut Governor Preps State Pension Investment in WNBA Team
Ned Lamont wants to keep the Connecticut Sun in the state, proposing the state’s retirement fund to take a stake in the team.
New York State Pension Continues to Pare Back Public Equities Assets
The $284 billion fund has not allocated to the asset class in eight of the past 10 months and recently cashed out of $2.1 billion in equities.
Mega Investors Sold Millions of Google Shares Just Before Stock Soared
BlackRock, J.P. Morgan and CPP Investments are among the institutional investors that potentially missed out on billions of dollars in short-term gains.
Kentucky Pensions Return Double Digits in Fiscal 2025, Assets Near $30B
The Kentucky Public Pension Authority reported strong returns across several funds, with each exceeding 11%.
Investment Managers Express Increasing Interest in Generative AI
An average of more than three in five asset managers are using generative artificial intelligence, up from 40% last year, according to a Broadridge study.
Former Employee Accuses IBM of ‘Imprudent’ PRT Decision
IBM and State Street stand accused of putting cost savings ahead of retirees’ security by handing $14 billion in pension obligations to a Prudential unit.
Franklin Templeton Snags Daniel Gamba From Northern Trust
The asset management executive was appointed as co-president and chief commercial officer.
Shell to Outsource $40B in European Pension Assets to Goldman Sachs
The mandate is one of the largest for the asset manager, which oversees $450 billion in OCIO assets.
Assets of Largest Pension Funds Rise to Record $24.4T
The largest 300 defined contribution and defined benefit plans saw their assets surpass their peaks in 2021.
Texas ERS Appoints Amy Cureton as Director of Real Assets
Cureton succeeds the retired Bob Sessa in the role.
Chris Hogbin Named CEO of Lazard Asset Management
Hogbin, currently the global head of investments at AllianceBernstein, will succeed Evan Russo in December.
Oregon PERF Posts 3.2% Q2 Return
The $95 billion Public Employee Retirement Fund outperformed its benchmark by 2 basis points.
Colgate-Palmolive Longstanding Pension Calculation Case Settles for $332M
The agreement, which covers 1,177 employees, followed nine years of litigation.