IPO Market Showing Promise Despite Slow Start to 2025
Figma’s sensational July debut could entice other startups to brave the public market and help end the IPO drought.
News
Kodak Seeks Pension Reversion Proceeds to Pay Down Debt, Avoid Insolvency
The company has terminated its retirement income plan in favor of a cash balance plan amidst going concern warnings.
Denise Stake Named Connecticut Deputy CIO
Stake was promoted from her role as principal investment officer for real assets and will be succeeded by Amit Aggarwal.
A Complex Environment for Investing, Governance Raises the Appeal of Investment Outsourcing
Insights from a Fidelity Investments portfolio manager on trends shaping investment strategies of small to midsize endowments and foundations in today's complex market environment.
South Carolina Retirement System Returns 11.34% in Fiscal 2025
Assets managed by the Retirement System Investment Commission increased to $50.34 billion.
Rolls-Royce Holdings Completes $5.77B Buy-In With Pension Insurance Corp.
The pension risk transfer transaction will cover the aerospace company’s remaining liabilities.
Former CAIA CEO William J. Kelly Joins Star Mountain Capital
Kelly served as the top official at the Chartered Alternative Investment Analyst Association for 10 years.
Manulife to Acquire 75% of Private Credit Shop for $937.5M
Comvest Credit Partners manages $14.7 billion in assets and would be merged with Manulife’s existing credit platform.
National Grid Completes Third Pension Risk Transfer via Rothesay
The $1.2 billion annuity buy-in, the third in five years conducted by the pension and insurer, will cover 7,130 uninsured scheme members.
Annika Kim Named Credit Director at TMRS
Kim joins the pension fund from Apollo Global Management, where she was a private equity associate.
New SEC Task Force Focuses on AI Applications
Valerie Szczepanik, the SEC’s chief artificial intelligence officer, is leading the effort to facilitate AI integration across the agency.
New York City Pension System Returns 10.3% in Fiscal 2025
The city’s five retirement systems collectively managed $294.6 billion as of the end of June 30.
ETFs Saw $121B in Inflows in July, $677B for Year to Date
Investors piled into equity and fixed-income exchange-traded funds, while dumping small-cap exposure.
Sparkes Joins Pandion Asset Management to Lead Business Development
The former director of the New York City Board of Education Retirement System’s experience spans decades working with institutional asset allocators.
University of North Carolina CIO Jonathon King to Retire
King has served as president, CEO and investment chief of the UNC Management Co. since 2005.