Asset Allocation
South Korea looks to Australia, Singapore for Next Sovereign Wealth Fund
The Asian nation is setting up an additional fund, modelled on successful entries from its hemisphere.
News
Market Moves
Here Come the Mega IPOs
After years of few public offerings, heavyweight private companies such as SpaceX and OpenAI look to list their shares for the first time in 2026 and beyond.
Pensions
November Delivers Mixed Results for Pension Finances
Liability increases generally offset positive investment returns.
Newsmakers
Carlyle Taps NEPC’s Bill Ryan as Head of Retirement Solutions
The investment consultant’s defined contribution team leader will join the alts manager in January.
Pensions
PME Pensioenfonds Terminates $5.9B BlackRock Mandate
The $70 billion pension fund for Dutch retirees in the metals and technology sector is the latest to drop the asset manager due to climate concerns.
Regulation
Trump Issues Executive Order Seeking to Curb Proxy Advisers’ Influence
The president specifically criticized the firms with the highest market share, Institutional Shareholder Services Inc. and Glass, Lewis & Co.
Newsmakers
RTX CIO Robin Diamonte to Retire, Deputy Joe Fazzino Named Successor
The long-serving investment head of the aerospace giant will step down in 2026.
Pensions
Single-Premium Buy-In Sales More Than Triple in Q3
The $4.3 billion in sales represents the highest quarterly sales for buy-in products on record, according to LIMRA.
Regulation
House Passes Bill Aiming to Boost IPOs, Strengthen Market Transparency
The legislation combines more than 20 measures that advanced out of committee.
Regulation
US House Passes $900B Defense Bill, Tightening Controls on Investments Into China
Despite the restrictions, the U.S. has allowed Nvidia to sell its H200 AI chips to China under a deal that includes a 25% cut for the government.
Newsmakers
NEPC Names Sarah Samuels CIO, Tim McCusker Future CEO
The promotions come as the consultancy celebrates its 40th anniversary.
Regulation
Pension Sponsors Can Submit 2 New Forms Through PBGC Filing System
The online portal now includes standard termination filings and coverage determination requests.
Pensions
Penn SERS Returns 4.71% in Q3, 11.29% Year-to-Date
Emerging markets equities were the top-performing assets for the pension fund in the year’s third quarter.
Market Moves
University of Utah to Fund Athletic Program via Private Equity
A partnership with Otro Capital is intended to offset the cost of sharing revenue with the school’s athletes.
Corporate Moves
Gulf Sovereign Funds Join Paramount Bid for Warner Bros.
Investors from Saudi Arabia, Qatar and the United Arab Emirates will join Affinity Partners in the Ellison family’s bid to wrest the media company away from Netflix.