Pensions
Michigan Pension Fund Files Complaint Against ZoomInfo
The City of Pontiac Police and Fire Retirement System alleges the software and data company made misleading statements.
News
Market Moves
Stocks Way Overvalued by Any Metric, Per Study
Ned Davis Research shows that various ways of gauging price-to-earnings ratios demonstrate equities reaching historically high levels.
Newsmakers
Broad Foundation Appoints Greg Outcalt as CIO
He succeeds Katharine Krieger as investment chief of the $2 billion foundation.
Asset Allocation
Annual Return for Australia’s Future Fund Termed ‘Very Strong’
A 9.1% return in fiscal 2024 added A$18.8 billion to the sovereign wealth fund’s portfolio.
Asset Allocation
Small-Cap Stocks Usually Surge in Presidential Years—but Not This One So Far
Large-caps continue to dominate, upending the historical pattern, as outlined in a Royce study.
Asset Allocation
CPPIB, Blackstone Acquire Australian Data Center Operator
The duo will purchase AirTrunk from a consortium of investors.
Newsmakers
CFA Institute Appoints 4 New Members of Board of Governors
Marshall Bailey was appointed as chair of the governing body.
Asset Allocation
UK’s Largest Pension Buys $531M Worth of Homes From Blackstone Joint Venture
The Universities Superannuation Scheme has acquired a portfolio of 3,000 shared-ownership residences from Sage Homes.
Pensions
Pressure Mounts on Public Pension Funds to Divest Chinese Investments
State and federal legislation aims to prohibit public funds from investing in the country.
Corporate Moves
Higher Military Outlays Are Boosting Defense Stocks—With More Upside Ahead, Say Strategists
In the US, members of both parties back a boost in Pentagon spending. The consensus is similar for military-related outlays in Japan and Europe.
Asset Allocation
NFL Will Allow Private Equity Stakes; These Funds Are Likely to Invest
The National Football League has vetted a short list of firms who will be allowed to purchase stakes in its teams.
Newsmakers
Maryland Retirement Agency Hires Deputy CIO
Thomas Kim has joined the $67.7 billion Maryland State Retirement and Pension System.
Pensions
Crown Holdings to Transfer $740M in Pension Liabilities to MassMutual
The packing products supplier will offload liabilities for 12,000 plan participants.
Regulation
SEC Postpones Mutual Fund Swing Pricing and Hard Close Proposals
The regulator's decision offers relief to mutual fund managers, despite some added reporting requirements.
Asset Allocation
Active Investing Will Boost Endowment Growth Over Other Institutional Investors, Cerulli Forecasts
A new report projects endowment assets will grow 7.9% over the next five years, compared with 4.7% and 4.2%, respectively, for public and corporate defined benefit plans.