Senate Committee Approves Michael Selig After CFTC Confirmation Hearing
The nominee mostly avoided responding to questions that focused on the commission’s limited resources as it attempts to tackle prediction markets and cryptocurrencies.
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RBC Asset Management Promotes Stu Kedwell to Global CIO
Kedwell will succeed the retiring Dan Chornous, effective January 31, 2026.
OCIO to See $1.3T in Inflows by 2029
Growth in defined contribution channels is expected to lead outsourcing assets to $5.6 trillion by the end of the decade, according to Cerulli.
Alts Manager Wafra Takes Stake in Ardian
The investment, made through the firm’s strategic partnerships program, is one of many GP stakes it has made.
Steyer Takes Leave From Climate Fund to Run for California Governor
The billionaire co-chair of Galvanize Climate Solutions and founder of Farallon Capital will make a bid to succeed term-limited incumbent Gavin Newsom.
How Insurers Have Used ETFs to Manage Equity Exposure
Equity exchange-traded funds, rather than fixed-income options, are the top choice of insurance investors, according to State Street’s Meta Curry.
SEC Grants Dimensional Approval to Launch ETF Share Classes
The agency signaled its approval in September, but the official verdict was delayed because of the government shutdown.
Japan’s GPIF Creates Alts Database as It Expands Exposure to Asset Class
The pension giant’s alts holdings have ballooned to $27.3 billion from $1.3 million over the past decade, with room to grow.
CalPERS Board Votes to Approve Total Portfolio Approach
The California pension approved the proposed change to implement TPA—the first institutional allocator in the U.S. to do so—by July 2026.
Truist Launches Institutional Capital Group
The team, which will cover middle-market private equity sponsors and family offices, will be led by Chris Jackson.
Panama Sovereign Fund CIO to Step Down
Abdiel Santiago will leave the Fondo de Ahorro de Panamá on December 4 as part of a planned leadership transition.
University Endowments Returned to Growth in 2025
Higher education institutions saw strong returns across asset classes, especially in equities, and significant exposure to themes related to digital assets and artificial intelligence.
Corporate Pension Funding Surpluses Grow for Seventh Straight Month
Ratios continue to improve as markets continue to gain momentum.
RTX to Transfer $2.5B in Pension Obligations to Prudential
The pension risk transfer will result in a $300 million settlement charge in the fourth quarter.
DB Plans See Best Year-to-Date Q3 Performance Since 2019
DB plans saw a median return of 4.43% in the quarter, reaching 10.72% for the year so far, according to data from Confluence.