Newsmakers
Casey Quirk’s Yariv Itah to Retire
The institutional consulting unit’s head will leave Deloitte at the end of the month.
News
Manager Selection
Penn PSERS Approves up to $25B Public Equity Mandate With BNY Investments
The pension fund’s board also approved contract negotiations with its current general investment consultant Cerity Partners Retirement Plan Advisors.
Newsmakers
How Institutional Investors Should Approach Their Credit Allocations
A Q&A with Greg Peters, co-CIO of PGIM Credit.
Regulation
PBGC Reaffirms Limits of Pension Insurance in First Opinion Letter in 24 Years
The agency also clarified that certain annuity buyouts do not trigger a reportable event.
Corporate Moves
Natixis Affiliate Flexstone Partners to Acquire $3.5B Secondaries Manager
The proposed acquisition of Boston-based Glouston Capital Partners would create a $15 billion private equity platform.
Asset Allocation
Fidelity Contrafund’s Danoff: Opportunity Is Everywhere
Big bets and letting winners run helped Danoff’s active equity fund consistently beat indexes.
Asset Allocation
PSP Investments’ Fiscal 2026 Return Falls Well Short of Benchmark
A 7.3% loss from real estate investments created a drag on the pension giant’s performance.
Alternatives
Endowments’ Alts Allocations Hit Plateau
As these institutions have less room to scale up their private markets programs, they are slowing down their investments in alternative asset classes, according to a report from Morgan Stanley.
Pensions
CalPERS Highlights Performance of Private Equity Program
The California Public Employees’ Retirement System has come under scrutiny from the Retired Public Employees’ Association of California over its alternative investment program.
Regulation
PBGC to Pay Full Pensions for First Brands’ Workers
First Brands had terminated its pension plan, so the federal agency stepped in to ensure retirees receive their full benefits.
Regulation
PBGC Proposes Technical Changes to Special Financial Assistance Program
The agency seeks to clarify investment rules, streamline withdrawal liability settlements and eliminate a contribution reallocation exception.
Newsmakers
UC Berkeley Hires CIO From Brandeis
Tarek Saghir will oversee $3.4 billion in assets at the Berkeley Endowment Management Co.
Opinion
A Terminal Diagnosis
Many institutional portfolios are built on assumptions that may not survive the decade. Those planning ahead are building immunity.
Newsmakers
Ex-New York Life Director Named CIO of Multifamily Real Estate Manager
Tampa, Florida-based American Landmark Apartments appoints Elizabeth Roy.
Pensions
Investment Returns Outweigh Small Liability Jump for Pension Finances
The funded status of the 100 largest U.S. corporate defined benefit plans hit 109.6% in May, its highest since July 2001.