News

Pensions June 11, 2025

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 June 11, 2025

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 June 10, 2025

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 June 10, 2025

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 June 10, 2025

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 June 10, 2025

NYC Comptroller’s Deputy CIO, Private Equity Head Departs

Eneasz Kądziela will leave the New York City pension system for a new opportunity.

Manager Selection June 9, 2025

Texas Permanent School Fund, Velocity Back $500M Collegiate Sports Initiative

Sports agency Elevate announced the Collegiate Investment Initiative, designed to provide capital for college sports-related investments in the wake of the House v. NCAA settlement.

Pensions June 9, 2025

New York State Common Retirement Fund Assets Rise to $272.8B With 5.82% Return

The pension slightly missed its long-term benchmark in the fiscal year that ended March 31, while Comptroller Thomas DiNapoli warned of continuing market volatility.

Corporate Moves June 9, 2025

Kuwait Investment Authority Joins AI Infra Partnership With BlackRock, Microsoft

The firms, along with MGX, plan to mobilize $100 billion to scale data centers.

Market Moves June 9, 2025

Trends Emerging in Active, Unusual Proxy Season

The year could shape what measures end up in proxy seasons going forward and who is casting the votes.

Newsmakers June 4, 2025

Vivek Jindal Named CIO of Caprock

The investment chief, formerly the CIO of Kore Private Wealth, most recently served as head of growth and private markets at Corient.

Corporate Moves June 4, 2025

Franklin Templeton to Acquire Private Credit Manager Apera

The $5.7 billion firm will focus on direct lending in the European lower-middle market.

Manager Selection June 4, 2025

Illinois Municipal Retirement Fund Commits $300M to Real Assets, Alts

The IMRF made commitments with Blue Owl Real Estate, Khosla Ventures, Charlesbank Capital Partners and Great Hill Partners.

Pensions June 4, 2025

PSP Invests More Than $1.5B in Fiber Infrastructure Joint Venture With BCE

The partnership aims to build fiber networks in underserved areas of the U.S.

Pensions June 3, 2025

Rising Discount Rates Push Pension Risk Transfer Costs Lower in April

Transferring retiree assets now costs an estimated 101.1% of a plan’s accumulated benefit obligation.