Newsmakers
Indonesia Investment Authority Appoints Co-CIOs
Andry Setiawan and Christopher Ganis will jointly oversee investments at the $10.5 billion sovereign wealth fund.
News
Pensions
Largest Corporate Pension Plans Add $22B in May
The funded status of the 100 largest corporate defined benefit pension plans continued rebounding from Q1 drop.
Newsmakers
Athene Names Grant Kvalheim as CEO, Makes Multiple Senior Appointments
Apollo’s retirement services arm named Co-Founder, CEO and CIO Jim Belardi as executive chair and elevated Mike Downing and Sean Brennan to co-presidents of Athene USA.
Why the GOP’s Section 899 Spooks Investors
The provision under Republicans’ broad policy bill would raise taxes on the U.S. income of foreign businesses and individuals, which investors say will hurt capital markets.
Regulation
SEC Withdraws 14 Biden-Era Rulemaking Proposals
Commission says it does not intend to issue final rules on best execution, ESG, cybersecurity and other proposals.
Pensions
PSP Investments Returns 12.6% in Fiscal 2025
The assets of the Canadian Public Sector Pension outperformed its benchmark and rose to $220 billion.
Newsmakers
Steven Toole Named Executive Director of STRS Ohio
The retirement executive and former North Carolina pension director will join the pension system in July.
Corporate Moves
BlackRock Aims for $400B in Private Market Fundraising by 2030
The manager wants to expand its alternative investment offerings to wealth managers and aims to be the world’s largest cryptocurrency asset manager.
Research
Family Offices Lean Further Into Alts, Crypto
BNY Wealth’s annual single-family-office report revealed that 74% of respondents look more favorably on cryptocurrency since the U.S. presidential election.
Pensions
Half of DB Sponsors Plan to Stay in the ‘Pension Ecosystem’
As funding levels have improved, corporate finance officials are looking instead at plan design and risk management options, Mercer research found.
Pensions
LACERA Fraudster Charged With Grand Theft, Conflict of Interest
Carmelo Marquez is accused of awarding $120,000 worth of IT contracts from the Los Angeles County Employees Retirement Association to a company he owned.
Regulation
SEC Announces Director of Investment Management Will Step Down
Natasha Vij Greiner leaves the agency after 23 years, having served in her final role since March 2024.
Regulation
Private Foundation Tax Could Change Charitable Giving
Affected institutions could look to offset the tax by chasing higher yields or to avoid the tax completely by using donor-advised funds.
Pensions
LA Pension Fund Commits $75M to 3 Funds
More than half of the allotment was earmarked for a private equity fund targeting European tech firms.
Newsmakers
NYC Comptroller’s Deputy CIO, Private Equity Head Departs
Eneasz Kądziela will leave the New York City pension system for a new opportunity.