Market Moves
Bond Yields Rise Ahead of FOMC Meeting
Ten-year Treasury yields hit their highest level since 2007 amidst inflation concerns, rising oil prices and the potential for higher rates.
News
Corporate Moves
Creative Planning Acquires RVK
The acquired firm has more than 200 institutional clients, including public retirement plans, endowments and foundations.
Research
How Asset Manager Priorities Are Shifting
Firms are increasingly focusing on their core product offerings, according to a survey from Northern Trust, with more than 28% reporting their firm plans to reduce its product set.
Newsmakers
TIAA Adds Executive for Tech, AI Risk
Divyangi Anchan joins the firm as chief risk and compliance officer for technology and AI risk.
Corporate Moves
Sell-Side Firm Wolfe Research Launches Alternative Asset Management Unit
The platform will offer investment opportunities across private markets.
Pensions
Connecticut Transfers $1.3B in Excess Revenues to State Pension Funds
The transfer, under the state’s volatility cap program, will add $685.1 million to the employees’ system and $618.9 million to the teachers’ pension fund.
Opinion
The Alternatives Revolution Is Maturing: Nonprofit Investors Need a New Playbook
Morgan Stanley’s head of institutional consulting services emphasizes the importance of focusing on governance, liquidity and more to maintain the ability to support the mission.
Newsmakers
AIMCo Adds 2 to Board of Directors
The Canadian pension appointed Ron Helmhold and Hugh O'Reilly to terms ending in 2029.
Asset Allocation
Foreign, Domestic Equities Propel Japan’s GPIF to Strong 8.2% Return in Q1
The gains raised the pension giant’s asset value to more than $2 trillion.
Newsmakers
HighVista’s Raphi Schorr: Continuation Funds Are More Than Liquidity Solutions
The deputy CIO argues that extended private ownership is a structural shift, not a temporary market dislocation, and says the vehicles are becoming a permanent feature of private equity.
Corporate Moves
Vestmark Acquired by Envestnet
The combined fintech companies support more than $10T in assets.
Newsmakers
Nuveen Private Capital Appoints Consultant Relations MD
Robert Rdzak will lead engagement with investment consultants for two of the manager’s investments shops.
Pensions
Largest 300 Global Pensions’ Assets Grow by 13.4% in 2025
These funds now manage a collective $27.7 trillion, growing at the fastest rate since 2017, according to WTW's Thinking Ahead Institute.
Corporate Moves
Wealth Adviser Prime Capital Launches Endowments, Foundations OCIO Practice
The firm taps Mark Hays to grow its institutional client base.
Newsmakers
Council of Institutional Investors Appoints Glenn Davis as Executive Director
Davis was named as deputy director in 2020.