Asset Allocation
CPPIB, Silver Lake Acquire Qualtrics for $12.5 Billion
Canadian pension giant and private equity firm will buy out SAP’s majority stake for $18.15 per share.
News
Risk
Allocators Need to Adopt More Technology for Investing, Says PSP Strategist
Artificial intelligence is available to find insights in vast reams of data, Herman Bril argues—so use it, already.
Newsmakers
Former Aramco Alts Head Joins CalPERS as Private Markets DCIO
Daniel Booth will oversee the $442.6 billion pension fund’s private equity, real assets and private debt.
News
Federal Reserve Expected to Hike Rates Next Week, Despite Shaky Banks
A slight dip in inflation and new Washington safeguards for lenders seem to have reassured investors, for now.
News
Former Mellon CIO Launches New Asset Management Firm
BC-GUMPS’ first fund will hold a concentrated portfolio of credit default swap positions.
Regulation
UK Pension Regulator Targets Plans for Climate, ESG Non-Compliance
TPR is warning trustees they could be fined up to £50,000 if they don’t provide key ESG data.
Regulation
Connecticut Bill Would Allow Cities to Tax Private College Endowments
Yale’s $41.4 billion endowment could be targeted by the city of New Haven if the proposed legislation passes.
Pensions
Corporate Pension Funding Ratios See Slight Increase in February
Volatile equity market performance mostly offset the impact of lower liability values in February, resulting in a modest boost in corporate pension funded ratios.
Pensions
How to Navigate Pension Risk Transfers, per 2 Experts
Shipping off DB assets and beneficiaries to insurers can be a tricky business. What about those private equity holdings?
Asset Allocation
Endowments, Foundations Increase OCIO Use, but Underutilize Alts
A CAPTRUST survey also found that the number of nonprofits allocating to ESG investments decreased in 2022.
Regulation
Biden’s Proposed Spending Priorities Include Social Security, DOL, IRS
Proposed budget advocates for higher fines and more aggressive enforcement by DOL in equal opportunity cases.
Pensions
Alaska Bill Seeks to Revive Defined Benefit Pension
Bipartisan legislation is intended to attract workers to fill state job vacancies.
Newsmakers
Council of Institutional Investors Names CalSTRS Manager as Board Chair
Aeisha Mastagni, who works on sustainable investing at the pension fund, has previously served as a CII director.
News
Two Banks’ Stumbles Underscore Larger Dilemmas for the Industry
The prospect of a recession has cooled investor sentiments favoring financials.
Regulation
Biden Budget Proposes End to Carried Interest, Higher Tax on Buybacks
The proposal would repeal the carried-interest provision and 1031 exchanges.