Pensions
Record $15B in Pensions Transferred to Insurers in Q1
Jumbo deals by Verizon and Shell led a busy quarter that points to a busy year for PRT.
News
Regulation
Intercontinental Exchange Fined $10M for Failing to Inform SEC of Cyber Intrusion
The NYSE’s parent company allegedly waited four days before telling nine subsidiaries of the 2021 network breach.
Research
Pension Investors Can Improve the Productivity of the Companies in Which They Invest
Productivity improvements happen across ‘four channels’ due to direct equity stakes from asset owners, research finds.
Market Moves
How to Invest in a Disrupted Economy, Per Sage Munro
War, expanding debt and high rates demand a multi-strategy approach, says chief of BNY Mellon’s Newton unit.
Pensions
NYC Pensions Fail to Persuade BlackRock Shareholders to Eject Aramco CEO From Board
Despite objections, Amin Nasser was not only overwhelmingly re-elected to BlackRock’s board, but he received nearly 3 million more votes than Chairman Larry Fink.
Regulation
Crypto Regulation Bill Passes House
The bill aims to divide digital asset oversight between CFTC and SEC.
Asset Allocation
NYC Pensions Invests $60M for 25% Stake in Affordable Housing Joint Venture
Community Stabilization Partners was created after the 2023 collapse of Signature Bank to help support rent-stabilized apartments.
Asset Allocation
CPP Investments Returns 8% in Fiscal 2024
Net assets rose to $462.66 billion in the period ending March 31.
Asset Allocation
Where Does a Bitcoin ETF Fit in an Allocator’s Portfolio?
Pension funds are beginning to explore exposure to cryptocurrencies, which could act as diversifying assets.
Regulation
SEC to Start T+1 Settlement Next Week
Securities transactions will have to settled by the following business day.
Pensions
NYC Pensions Oppose Tesla Executive Pay Package
New York City Comptroller Brad Lander and seven other investment firms oppose Elon Musk’s proposed $56 billion pay package.
Market Moves
The Question for Nvidia: How Fat Will Its Earnings Be?
Amid high expectations, the AI-oriented chip firm is scheduled to report its quarterly results on Wednesday.
Pensions
CalPERS to Oppose Appointment of ExxonMobil Board of Directors
The pension fund will vote against the appointment of the board’s 12 members and its CEO.
Asset Allocation
Family Offices Grow, as the Rich Get Richer
The number of very well-off more than doubled over the past two decades, a JPM report finds.
Risk
Chief Information Officers Can Play a Role in Driving Private Equity Returns
Strong IT strategy can improve the returns of portfolio companies, says E78 Partners’ John Buccola.