J.P. Morgan Agrees to Pay $200M to Settle CFTC Charges of Supervisory Failure
The regulator said the magnitude of data gaps in the firm’s surveillance was so large that it missed billions of orders.
News
Korean National Pension Service Returns 5.82% in Q1, Plans Boost to Alternatives
Assets of the pension rose to $797 billion during the quarter, boosted by U.S. tech stocks.
Mass PRIM Allocates More Than $2B to Credit Managers in New Commitments
The pensions board approved $3.5 billion in total commitments, and saw its assets grow to $104.2 billion.
Church Commissioners for England Appoints Poppy Allonby as Endowment CIO
Allonby’s appointment as investment chief of the $12.74 billion fund is effective September.
Norway’s Central Bank Adds 3 Firms to Government Pension Fund Global’s Exclusion List
The $1.65 trillion pension giant is prohibited from investing in Adani Ports & Special Economic Zone, Weichai Power and L3Harris Technologies.
Shareholder Activist Vote Against ExxonMobil Fails
An average of 95% of votes cast support the company's board amidst a lawsuit against two shareholders over sustainability concerns.
Dimon Sounds Alarm on Private Credit—Sounds Like Junk Bonds, Circa 1990
JPM chief points out that these loans have not yet faced a real economic downturn, which high-yield did.
How AI Can Help Asset Managers Do Their Jobs
Digging up data, boosting productivity, divining client needs—these are among the benefits artificial intelligence can bring, per a BCG report.
Anouk van der Boor Appointed CIO of The Directors Guild of America Pension
Van der Boor will serve as the investment chief of the guild's producer pension and health plans starting July 1.
UFCW Regional Plan Receives $54.6M Grant From PBGC
The grant will keep the plan solvent through 2051.
NYU Appoints Michelle Knudsen as CIO of $5.9B Endowment
The investment chief is moving from the Mellon Foundation.
Emerging Market Bonds, on a Roll, Should Do Even Better, Says Ned Davis
Firm commodities prices and expected EM growth are tailwinds, the research firm contends.
Entergy Enters $1.2 Billion Pension Risk Transfer with MetLife
The transaction is one of many billion-dollar annuity buyouts to occur this year.
Anisha Gangwani Appointed CIO of Legal & General Retirement America
Gangwani will lead the investments of the pension risk transfer provider.
What Asset Classes Will Allocators Choose as They Up Their Alts Ownership?
Private debt, private equity and infrastructure lead the list in Preqin survey.