PRT Lawsuit Against AT&T Dismissed
The court’s determination that the plaintiffs have standing to sue allows for the complaint to be refiled and could embolden others considering litigation.
News
Manager Selection
CalSTRS Forms Climate Co-Investment Partnership With Carlyle Alpinvest
The California State Teachers’ Retirement System will broaden its access to private equity managers investing in climate solution opportunities.
Pensions
Penn SERS Returns 10.96% in Fiscal 2025
Assets of the Pennsylvania State Employees’ Retirement System stood at $40.4 billion.
Newsmakers
TIAA Hires ex-BlackRock Retirement Head for Business Development
Rob Crothers will lead efforts to develop strategic partnerships for guaranteed income and more.
Asset Allocation
Stanford’s Merged Pool Returns 14.3% in Fiscal 2025
The balance in the institution’s primary investment vehicle, which includes endowment assets, rose to $47.7 billion in assets under management.
Pensions
Liquidity, Operational Shocks Pose Major Issues for Superannuation Funds
The Reserve Bank of Australia’s new Financial Stability Review also emphasized the importance of building resilience to financial and cybersecurity stress.
Corporate Moves
Madison Dearborn Partners to Acquire Stake in Insurer
The private equity firm will take a minority investment in the Insurance Office of America alongside Canadian broker Navacord.
Regulation
ICI Details Operational Road Map as SEC Moves Toward Approving Dual-Share-Class Structure
The commission indicated last week it is likely to permit the model, and asset managers are already requesting permission.
Newsmakers
Rich Nuzum Speaks About What’s Next for OCIO
The Franklin Templeton outsourcing chief discussed the rapid growth of the industry in a CIO webinar.
Alternatives
APG Asset Management Buys Majority Stake in US Forest
The Dutch pension giant acquired a large share of a 270-square-mile woodland area that spans Alabama, Louisiana and Mississippi and is worth $462 million
Asset Allocation
Family Offices Pivot Toward Wealth Preservation Amid Global Instability
A KPMG/Agreus survey found that family offices are focusing on shielding assets from market volatility by moving away from cash.
Pensions
Public Pensions Make Big Gains in Recruitment, Retention
Approximately 52% of funds reported no issue attracting or holding onto talent, according to research from NCPERS.
Alternatives
Nuveen Launches Multi-Asset Infrastructure Platform
The manager will bring together specialized teams under unified leadership.
Pensions
CPP Investments Takes Stake in 11GW Power Generation Company
The $1 billion minority investment in Alpha Generation LLC will support energy for digital infrastructure.
Asset Allocation
Operational Alpha Can Provide a Crucial ‘Competitive Advantage’
More efficient data management and use of machine learning can help investors better prepare for scenarios that include continued market volatility.