News
US ETF Growth By the Numbers
Against a backdrop of growth, institutional investors are contemplating the best ways to utilize exchange-traded funds in their portfolios.
News
Corporate Moves
Alts Manager Wafra Takes Stake in Ardian
The investment, made through the firm’s strategic partnerships program, is one of many GP stakes it has made.
Newsmakers
Steyer Takes Leave From Climate Fund to Run for California Governor
The billionaire co-chair of Galvanize Climate Solutions and founder of Farallon Capital will make a bid to succeed term-limited incumbent Gavin Newsom.
Asset Allocation
How Insurers Have Used ETFs to Manage Equity Exposure
Equity exchange-traded funds, rather than fixed-income options, are the top choice of insurance investors, according to State Street’s Meta Curry.
Regulation
SEC Grants Dimensional Approval to Launch ETF Share Classes
The agency signaled its approval in September, but the official verdict was delayed because of the government shutdown.
Alternatives
Japan’s GPIF Creates Alts Database as It Expands Exposure to Asset Class
The pension giant’s alts holdings have ballooned to $27.3 billion from $1.3 million over the past decade, with room to grow.
Pensions
CalPERS Board Votes to Approve Total Portfolio Approach
The California pension approved the proposed change to implement TPA—the first institutional allocator in the U.S. to do so—by July 2026.
Corporate Moves
Truist Launches Institutional Capital Group
The team, which will cover middle-market private equity sponsors and family offices, will be led by Chris Jackson.
Newsmakers
Panama Sovereign Fund CIO to Step Down
Abdiel Santiago will leave the Fondo de Ahorro de Panamá on December 4 as part of a planned leadership transition.
Asset Allocation
University Endowments Returned to Growth in 2025
Higher education institutions saw strong returns across asset classes, especially in equities, and significant exposure to themes related to digital assets and artificial intelligence.
Pensions
Corporate Pension Funding Surpluses Grow for Seventh Straight Month
Ratios continue to improve as markets continue to gain momentum.
Pensions
RTX to Transfer $2.5B in Pension Obligations to Prudential
The pension risk transfer will result in a $300 million settlement charge in the fourth quarter.
Pensions
DB Plans See Best Year-to-Date Q3 Performance Since 2019
DB plans saw a median return of 4.43% in the quarter, reaching 10.72% for the year so far, according to data from Confluence.
Newsmakers
Why This Consultant Is Doubling Down on Sustainability
Max Messervy, a former Mercer director, founded his independent firm, Oakledge Advisors, to help asset owners and other investors navigate climate strategy.
Newsmakers
Puneet Kohli Named CalSTRS Investment Director of Risk-Mitigating Strategies
Kohli previously held positions at multiple Canadian funds.