PBGC Approves $868.6M SFA Grant to Unite Here Retirement Fund
The White Plains, New York-based plan covers 91,744 participants in the hospitality industry.
News
CDPQ’s Ivanhoé Cambridge Sells 49% of News Corp. Building
The sale is the first major deal since the Québécois pension fund consolidated its real estate units.
Public Pension Funds Remain in ‘Fragile State,’ per Equable Report
For the 17th straight year, public pensions remain below 90% funded.
UCSD Foundation Repeats as Best-Performing University Endowment in Fiscal 2024
Smaller, equity-heavy funds outpaced larger endowments with higher private market allocations during a boom year for artificial intelligence and tech stocks, per NEPC.
Asset Manager IT Pros Report AI Use Slowed by Internal Resistance, Inadequate Infrastructure
Per a survey by Rackspace Technology, most asset managers plan to move digital data to a private cloud to increase security.
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.
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.