Asset Allocation
Fidelity, Brookfield Partner to Offer Private Canadian Real Estate Exposure
The alts manager will invest in a new portfolio of real estate assets in Canada.
News
Regulation
‘Transformative’ Artificial Intelligence May Still Present Conflicts of Interest
At a talk hosted by the National Press Club, SEC Chair Gary Gensler explained that while AI presents many economic opportunities, there is also major potential for conflicts of interest.
Regulation
PBGC Assists Automotive, Trucker, Retail Pension Plans
The total assistance to three multiemployer plans amounted to more than $1.4 billion.
Research
Schroders Takes Aim at Measuring Human Capital’s Impact on Stock Returns
The U.K. asset manager created a system to gauge how the people part of a business translates to share performance.
Newsmakers
The Nature Conservancy Adds CIO Among 5 New Investment Committee Members
The new additions will help oversee the nonprofit environment group’s investment office.
Regulation
Congressional Interest in Proxy Voting Services Escalates
The House Committee on Financial Services held two hearings related to proxy voting on Thursday.
Corporate Moves
Fidelity Forms Bermuda Reinsurance Firm Focused on PRT
The reinsurer was set up to manage risk from the booming pension transfer and retail annuity markets.
Newsmakers
International Centre for Pension Management Names 2 New Board Members
APG Asset Management’s Matilde Segarra and independent Poul Winslow will join the Canadian nonprofit’s board of directors.
News
Public Equities Spur Rise in State Pensions’ Funded Status
Funded levels for US public pension funds rose nearly 2 percentage points to 78.2% during the second quarter.
Research
Popular Private Credit Strategy Will Keep Low Default Rate, Study Says
Direct lending is projected to fare better than syndicated loans and junk bonds.
Regulation
Senate, House Advance Very Different SEC, IRS Spending Bills
House Republicans support blocking the SEC’s market structure proposals, but Senate Democrats do not.
Market Moves
What Will Fed’s Reaction Be to Sharp Inflation Fall?
No additional rate hikes, one more, two more? Strategists ponder what comes next after the CPI news.
Asset Allocation
Singapore’s Temasek Reports 5% Loss After ‘Most Challenging Year for Markets’
Volatile markets wipe out nearly all of the previous year’s S$22 billion gain.
Pensions
Corporate Pension Funding Hits Highest Level Since Financial Crisis
Strong June investment returns drive significant jump as liabilities stabilize.
News
SEC Finalizes New MMF Liquidity Rules to Start in 2024
The new rules will increase liquidity requirements and change the fee structure.