U.S. Corporate Pension Funds Ended 2024 Strong
Aggregate funded status was at 100% for 2024, the first time since before the Global Financial Crisis that pension funds closed the year fully funded or better, per data from WTW.
News
Net Zero Asset Managers Initiative Pauses Activities Following BlackRock Exit
The NZAM suspended activities and removed an online signatory list while reviewing how the organization fits into a ‘new global context.’
PBGC Approves SFA Funds for 3 Multiemployer Pension Funds
Laborers Local No. 265, Teamsters Local 734 and the IUOE Upstate NY Engineers Fund will receive grants totaling almost $250 million under the Special Financial Assistance Program.
Kelly Cavagnaro Joins Janus Henderson as Head of North America Institutional
The appointment of Cavagnaro is effective immediately.
Private Equity Ownership Degrades Health Care Quality, per Senate Report
A bipartisan Senate Budget Committee found that PE firms prioritized profits over patients.
Inaugural Emerging Managers Week to Kick Off in February
The week of conferences is intended to provide a platform and networking opportunities for diverse-owned and emerging management firms.
Rate Cut Hopes Squashed by December Payroll Data
The U.S. added 256,000 jobs, considerably more than the 155,000 expected, lowering the chances of interest rate cuts this year.
Corporate Performance and Capital Deployment Will Drive Increasing Shareholder Value for Japanese Equities
Near-term volatility does not negate the market’s long-term prospects.
BlackRock Exits Net Zero Asset Managers Initiative
The $11.5 trillion asset manager leaves amidst an ongoing pushback against ESG investing.
Northwestern Mutual to Take Stake in Sixth Street, Form Investment Partnership
The alternative asset manager will manage $13 billion of the insurer’s assets in private credit strategies.
Ares Raises $2.3B for Life Insurance and Annuity Subsidiary
The alternative asset manager wants to capture the growing demand for retirement solutions through its insurer, Aspida Holdings Ltd.
Equity Bull Market Buoys Australian Super Funds’ 2024 Returns
The calendar year saw double-digit returns based on Australian and global stock performance, ASFA reports.
Investor Group Calls for UnitedHealth to Report Public Health Costs of Denied Access to Treatment
The Interfaith Center on Corporate Responsibility issued a shareholder proposal to examine the economic impact of health care claim denials.
Jacmel Partners Names Mike Salzman as Operating Partner
The firm plans to launch an infrastructure investing platform.
New York Common Leads All US Public Pension Funds in Commitments to Diverse Firms
An NAIC report also found corporate pensions and union funds ‘lag significantly’ behind public pensions in hiring diverse managers.