Newsmakers
Onur Erzan Appointed President of AB
Erzan takes over today as president, a role now split from the CEO post. Seth Bernstein had held both titles since 2017.
News
Asset Allocation
Credit Investors May Need More Than Coupons in 2026
With inflation data muddied, rate cuts uncertain and private credit facing tougher tests, money managers say the next year will reward investors who get specific—about curve, structure and currency.
Asset Allocation
Institutional Investors See Resilience in Fixed Income
Liability-driven investors see ‘the most attractive environment we’ve seen in over a decade’ as a big opportunity in the year ahead.
Asset Allocation
Eyeing the Risks in Credit Markets
As 2026 kicks off, investors are ‘trying to extrapolate potential risk factors’ and looking to diversify.
Corporate Moves
MetLife Completes PineBridge Acquisition
The combined business manages about $735 billion in assets.
Pensions
Public Pension Benefits Tumbled More Than $140,000 in Last 18 Years, per Equable Institute
The institution’s report attributed the sharp decline to policy changes following the Great Recession.
Manager Selection
New York City Pensions Shelve Recommendation to Rebid BlackRock Mandate, Terminate Fidelity
City Comptroller Brad Lander had proposed the moves, alleging the firms have failed to meet the funds’ net zero plans.
Newsmakers
Canada PM Carney Names Investor Mark Wiseman as Ambassador to US
Wiseman has led both the CPPIB and AIMCo and has held several roles at BlackRock.
Corporate Moves
Janus Henderson to Be Acquired by Trian, General Catalyst for $7.4B
The transaction’s strategic investors include the Qatar Investment Authority, Sun Hung Kai & Co. Ltd. and MassMutual.
Regulation
Senate Confirms Selig as CFTC Chair, Hill as FDIC Chair
The new Commodity Futures Trading Commission head promised to stop ‘regulation by enforcement’ in a congressional hearing prior to his confirmation.
Newsmakers
Northern Trust Shuffles Asset Servicing Leadership for 2026
With the retirement of Teresa Parker, Clive Bellows and Guy Gibson will serve as co-presidents of the unit, and Melanie Pickett will be the chief transformation officer.
Market Moves
Politics and Interest-Rate Expectations Drove Volatility in 2025
Charts show how forces such as US trade tariffs impacted markets this year.
How Institutional Allocators Can Approach and Manage Volatility
A senior asset allocation strategist at Capital Group explains how organizations can determine how, where and at what magnitude to take risks.
Corporate Moves
ISS STOXX to Acquire Sustainability Indexes, Data Provider ECPI
The Italy-based company provides institutional investors with sustainable investment solutions.
Regulation
Senate Passes $900B Defense Bill That Restricts Investment in China
The restrictions include barring U.S. investors from backing companies tied to the Chinese military and economy.