Newsmakers
University of North Carolina CIO Jonathon King to Retire
King has served as president, CEO and investment chief of the UNC Management Co. since 2005.
News
Pensions
MassPRIM Returns 9.6% in Fiscal 2025
Massachusetts Pension Reserves Investment Management assets rose to $115 billion.
Asset Allocation
Brinley Partners Launches Inaugural CLO, Backed by $4B From Insurance Firm
The BCI-backed private credit firm plans to target companies in defensive sectors.
Manager Selection
New York State Pension Puts More Into Private Equity
The $273 billion New York State Common Retirement Fund committed $2.3 billion to the asset class during March and May alone.
Manager Selection
Nest Commits $750M to Timberland Fund
The U.K.’s largest workplace pension will gain exposure to the asset class through BTG Pactual TIG.
Newsmakers
Geoffrey Berg Named University of Rochester CIO, Succeeding Doug Phillips
The endowment’s new investment chief previously held the role at the South Carolina Retirement System Investment Commission.
Newsmakers
Lehigh University Names Michael Gould as Interim CIO
On staff in the endowment’s investment office since 2018, Gould steps in for the departing Kristin Agatone.
Asset Allocation
Fixed-Income Benchmarks Become More Customized
Technology, data collection and better funded statuses have asset owners rethinking traditional benchmarks.
Asset Allocation
Data, Custom Indexing Reshape Public Equity Portfolios
Investors are increasingly seeking to customize their investments to their specific mandates.
Alternatives
Measuring Hedge Fund Performance Has Its Limitations
Benchmarks are a key part of the discussion as investors look for ways to quantify the funds’ contributions of different exposures to generate returns.
Opinion
System-Level Investing in Practice: From Beliefs to Blueprints
‘If you want to go fast, go alone. If you want to go far, go together.’ But what if the road itself is crumbling?
Corporate Moves
PGIM AUM Grows to $1.4T, Driven by Market Appreciation
In its earnings report for the year’s second quarter, Prudential also reported a slowdown in pension risk transfer mega-deals.
Corporate Moves
Brookfield Moves Into Annuities by Acquiring Just Group
The asset manager’s wealth solutions arm announced it will acquire the defined benefit insurer for $3.17 billion.
Alternatives
Trump’s Crypto Working Group Lists Proposals for Broader Digital Finance Adoption
The recommendations in the 166-page report mostly called on agencies to provide clearer rules on trading the assets.
Market Moves
LP-, GP-Led Secondaries Grow to Record Volumes in 2025
In the first half of the year, more than $100 billion in secondaries transactions occurred.