Alternatives
Private Credit Grapples With Sustained Investor Skepticism
Investor unease has pressured the investment class.
News
Alternatives
Indiana Mandates Access to Crypto Investments for Participants in Certain State Retirement Plans
The state is the first in the U.S. to require digital assets be an investment option in public defined contribution plans through a brokerage window.
Pensions
Australian-Canadian Pension Initiative Could Unite $14T for Investing by 2040
Australia’s industry superannuation funds and a group of Canadian public pension funds plan to work together to increase investment in their respective regions.
Newsmakers
CAAT CEO Dobson to Leave Following Vacation Payout Probe
The chief executive of the $17B plan had received a $1.2M payout in lieu of vacation time.
Market Moves
Iran Conflict Expected to Fuel Inflation, Further Destabilize Market
Increased oil prices and other costs could affect rate policy decisions, although observers have not yet changed long-term forecasts.
Regulation
SEC’s Arbitration Shift Still Sparks Fears Over US Stock Valuations
The Securities and Exchange Commission’s September 2025 policy shift on mandatory arbitration clauses has not gained in popularity.
Newsmakers
Michael Gould Named CIO of Lehigh Endowment
Gould had served as the university’s interim CIO since August 2025.
Pensions
Public Pension Funds Are Getting Healthier. Their New Problem: Paying the Bills
As funding levels rebound, retirement systems face an unexpected shift—one that could force them to rethink investment strategy, liquidity and long-term risk.
Regulation
Vanguard Settles States’ Coal Stock Manipulation Complaint for $29.5M
The case, filed by 11 state attorneys general, also named BlackRock and State Street, and those managers have not settled to date.
Newsmakers
Endowments, Foundations Could Drive Fidelity’s OCIO Push
The manager has nearly doubled assets from higher education and nonprofits over the last three years, according to outsourcing boss Christian Pariseault.
Corporate Moves
Consortium Including CalPERS, EQT, BlackRock’s GIP to Acquire Utility Company AES
The $33.4 billion deal for the power generation company would support its capital growth plans.
Alternatives
Paltry PE Returns Weigh Down La Caisse as 9.3% 2025 Return Misses Benchmark
The meager 2.3% return from the Quebec pension fund’s private equity portfolio fell well short of the benchmark’s 12.6%.
Alternatives
Harvard Adjusts Tech Portfolio, Loses 35% in 2 Months on Ethereum ETF Bet
The $57 billion endowment slashed its holdings in Amazon, Microsoft, Bitcoin and Nvidia, while raising its stakes in Alphabet and Taiwan Semiconductor.
Corporate Moves
Northern Trust Launches Tokenized Money Market Fund
The firm’s foray into digital assets will tokenize its NIF Treasury Instruments Fund.
Alternatives
What the Push for Alts in Retail Channels Means for Institutional Investors
Limited partners have questions about their managers’ quest for new sources of capital.