Consortium Including CPP Investments, EQT, Neuberger Berman Acquires Private School Network
The transaction for Nord Anglia Education will value the day and boarding school system at $14.5 billion.
News
Largest Managers’ Assets Grew 12.5% in 2023 to $128T
Data from WTW's Thinking Ahead Institute show the 20 largest managers account for almost half of global discretionary assets.
How Will Increase in Natural Disasters Affect Insurance, Infrastructure Investors?
While those in insurance may seek more liquidity to defend against events like Hurricane Milton, many in infrastructure believe there must be better ways to anticipate such dangers.
Dutch Pension Fund ABP Returns 4.6% in Q3
While assets rose to 533 billion euros, coverage ratios fell.
Eldridge Industries Acquires 10% Interest in Blue Owl GP Fund
The investment firm joins more than 30 other institutional investors in the Blue Owl GP Stakes Fund III.
Labor Picture Less Worrisome Than It Appears
As the creator of a key Federal Reserve metric has noted, its use as a recession predictor may not be appropriate.
LSV Asset Management Sued by Former Execs Over $100M in Lost Equity
An Illinois lawsuit alleges the plaintiffs resigned or retired, believing they would retain ownership in the firm.
Harvard Assets Reach $53B With 9.6% Return, Endowment Remains World’s Largest
Harvard Management Co. CEO Narvekar attributes returns to public equities, while alternatives lagged.
AustralianSuper Takes $1.5B Equity Stakes in DataBank
The Dallas-based data center company raised about $2 billion to fund its expansion plans that include three new facilities.
PBGC Approves $635M to Carpenters Pension Fund
The Pension Benefit Guaranty Corporation will provide Special Financial Assistance Program funds to the Detroit Carpenters Fund.
Newton Investment Management Appoints 2 Senior Leaders
Laura Curtis and Britta Hion join the investment manager in newly created roles.
Japan GPIF Changes ESG Domestic Equities Index Due to ‘Large Tracking Error’
The $1.7 trillion pension giant has moved $20 billion to the MSCI Nihonkabu ESG Select Leaders Index.
Ben Riley Promoted to Head of Insurance at T. Rowe Price
Riley’s appointment to the newly created role is effective January 1.
Cornell Endowment Returns 8.7% for Fiscal 2024
Assets managed by the university’s Office of University Investments rose to $10.7 billion.
Netherlands Holds Best Retirement System in the World for Another Year
Iceland and Denmark retained their spots near the top of the Mercer CFA Institute Global Pension Index, although the report noted the global need for retirement reform amidst falling birthrates and increasing longevity.