Regulation
Appeals Court Vacates SEC’s Private Fund Adviser Rule
The court ruled that the SEC lacked the authority to regulate private fund advisers' relationship with investors.
News
Pensions
Former TIAA Trader Sentenced to Nearly 6 Years for $47 Million Insider Trading Scheme
Lawrence Billimek allegedly profited from information regarding behemoth’s impending stock purchases and sales.
Asset Allocation
39% of Family Offices Are Crypto Investors or Are Eyeing It
The findings were part of BNY Mellon Wealth Management’s first report on these funds.
Alternatives
Illinois Municipal Retirement Fund Approves $282.5 Million in Commitments to Four Alternatives Managers
Five commitments in total were approved to AUA Private Equity Partners, Inflexion, Sterling Group and H.I.G Capital Partners.
Market Moves
Oman Investment Authority Returns 9.95% in 2023
The sovereign wealth fund saw its assets grow to $49.87 billion.
Asset Allocation
Alaska Permanent Increases Private Equity and Income While Cutting Real Estate
The state's sovereign wealth fund also reported a $1.5 billion increase in asset value during 2024's first quarter.
Opinion
Transparent Strategies for Sovereign Wealth Funds: Policy Recommendations on Private Equity
The experience of the Norwegian Government Pension Fund Global as a case study.
Asset Allocation
How Sustainability Disclosures and Regulations Benefit Investors
Information becoming available under new regulatory disclosures can be beneficial for investors looking to make sustainable investments.
Asset Allocation
Investing in the Inputs
How investors are capitalizing on the need for sustainable building materials.
Asset Allocation
Taking Wing: Renewable Aviation Fuel Could Have a Strong Investment Future
Chevron and smaller companies bet that animal fats, trash and sugar, among other offbeat things, will power airplanes.
Corporate Moves
Ackman Firm’s Projected Market Cap Is $10 billion
His Pershing Square plans a 2025 IPO, and recently sold a 10% stake worth $1 billion.
Pensions
Pennsylvania PSERS Returns 8.62% in 2023
The fund also made over $760 million in commitments to managers.
Asset Allocation
Institutional Investors Reaffirm Support for Climate Action 100+ Following Departures
Despite the exit of some major firms, asset managers representing $4.6 trillion say they remain committed to the initiative.
Asset Allocation
Allocator Group Calls for Cash Hurdles in Hedge Fund Fees
A letter signed by 29 institutional investors calls for hedge funds to outperform cash before charging incentive fees.
Corporate Moves
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.