LACERA Promotes Luis Lugo to CEO
The former deputy CEO succeeds Santos Kreimann, who announced in January that he was stepping down for health reasons.
News
Global Pension Assets Reached $68.3T in 2025
Defined contribution savings drove growth, according to WTW’s Thinking Ahead Institute.
Princeton University Slashes Endowment’s Long-Term Return Assumption to 8%
Citing the economic and political climate and ‘steadily declining’ long-term returns among Ivy League peers, the school is shifting its investment strategy to focus from growth.
Quant Firms Boost Prediction Markets Trading Teams
Quantitative hedge funds are hiring staff to trade bets on sporting and political events, but winning the trust of institutional investors will be a big challenge.
Andrew Alley Named Global Head of Infrastructure Investments at PSP
Alley will move from a similar role at the Canada Pension Plan Investment Board.
San Diego Foundation CIO Matt Fettig Adds CFO Role
The $1.8 billion endowment will combine its investment and financial operations.
KKR Announces Deal for Sports Investor Arctos Partners
The $1.4 billion acquisition of the Dallas-based firm will add exposure to the growing sports opportunity.
Finding the Right Sports and Media Investment Opportunities
Not all investors may have access to the most coveted teams, but opportunities abound in the $2.5 trillion sports economy.
SWFs Must Bolster Resiliency During Volatile Times, per IFSWF
According to the International Forum of Sovereign Wealth Funds, its investors’ strategies will not succeed by relying on asset allocation alone.
Investment Gains Fuel Fifth Straight Year of Asset Growth in PBGC Pension Insurance Programs
The agency’s single-employer and multiemployer programs reported positive net positions of $62.2 billion and $2.6 billion, respectively.
Institutional Investors See Crypto, Private Equity as Top Assets for Risk-Adjusted Returns
U.S. corporate debt and stocks, along with gold, are among the least attractive assets for managers over the next five years, according to Nickel Digital Management.
Mark Levine’s Priorities at the NYC Pension System
The New York City Comptroller aims to increase investments in affordable housing and continue the office’s sustainability initiatives.
ISS MI Acquires Family Office Data Platform
Family Office Access brings private wealth management data to ISS MI’s platform.
Meiji Yasuda Expands US PRT Business With Banner Life Acquisition
The previous insurance arm of Legal & General Group PLC was purchased by the Japanese insurer for $2.3 billion.
As Private-Market Momentum Continues to Grow, Market Infrastructure Improvements Rise Too
Additional retail and retirement-plan demand are expected to broaden distribution of private markets, but they will also bring scrutiny and comparisons to public markets.