Regulation
DOL Amicus Brief Sides With Lockheed in PRT Complaint
The department stated that the plaintiffs lack standing and insisted that litigation negatively effects defined benefit plans.
News
Market Moves
Wyoming Becomes First State to Issue Stablecoin
Backed by Franklin Templeton, the Frontier Stable Token is one of many digital offerings to debut in 2026.
Corporate Moves
Cerity Partners Finalizes Deal With Austin Private Wealth
The OCIO provider will add $1.4 billion in assets in retirement channels.
Pensions
Danish, European Pension Funds Reassess US Investments Amidst Greenland Threats
Given proposals by US President Donald Trump to annex the Danish territory, institutional investors in Europe see their holdings in US Treasurys as one way to respond.
Newsmakers
ABP Appoints Herman Bril as CIO
The $607 billion Dutch pension had been without a permanent CIO since 2024.
Alternatives
Trump Suggests Ban on Institutional Investors Buying Single Family Houses
In an online post, President Donald Trump wrote that he intends the measure to mitigate the housing crisis resulting from an upward spiral of costs.
Newsmakers
Neuberger Snags Emerging Markets Portfolio Managers From Schroders
Vera German and Juan Torres will join Neuberger Berman’s EM equities team in London.
Market Moves
Bob Doll Predicts Growth, Inflation Will Persist in 2026
Annual market projections from Crossmark’s CIO foresee ‘High-Risk Bull Market’ in the coming year.
Newsmakers
Monte Tarbox Named Interim CIO of NYC Pension System
Korn Ferry will conduct a search for a permanent replacement for Steven Meier, who resigned in October.
Newsmakers
Yup Kim Departs TMRS, Deputy CIO Named Successor
The $44 billion Texas Municipal Retirement System turns to Tom Masthay to replace Kim.
Regulation
SEC’s Lone Democrat, Caroline Crenshaw, Departs
Her exit leaves the five-member panel with only three commissioners, all Republicans.
Pensions
La Caisse to Take Minority Stake in Credit Service Provider GLAS
The Québécois pension fund will invest in Global Loan Agency Services alongside majority investor Oakley Capital.
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.
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.