Pensions
Economic Uncertainty, Market Volatility Led to Steep Decline in Canadian PRT Transactions
Pension risk transfer volume in the country declined 40% in 2025, according to a report from Normandin Beaudry.
News
Corporate Moves
Nuveen Deal for Schroders Would Form $2.5T Manager
The proposed $13.5 billion acquisition would propel the combined firm to be one of the world's 10 largest by AUM.
Asset Allocation
In ‘Turbulent Year,’ University Endowments Report Average 10.9% Return
Institutions withdrew more than $33 billion to support spending, according to the 2025 NACUBO-Commonfund study of endowments.
Corporate Moves
Cerity Partners to Merge With Investment Consultant Verus
The combined firm would manage and advise on $1.3 trillion in assets.
Newsmakers
Manager Who Stole Millions From Pension Clients Files for Congressional Run
Alan Bond was convicted in 2003 for stealing millions in kickback and cherry-picking schemes. Now he is running for a House seat as an independent in New Jersey. Bond says much has changed since then.
Pensions
WTW Sees Nearly $100B UK Pension Risk Transfer Market in 2026
Favorable pricing and strong competition could drive industry growth this year.
Corporate Moves
Neuberger Berman to Acquire McKinsey’s Wealth and Asset Management Unit
MIO Partners will be integrated into Neuberger following SEC scrutiny of McKinsey’s nonpublic information controls.
Asset Allocation
Public Pensions’ Growing Private Investments Expected to Further Raise Volatility in 2026
Conflicting trends of asset outperformance and risk driven by increasing workplace disability claims are expected to affect the funds, according to S&P Global.
Newsmakers
LACERA Promotes Luis Lugo to CEO
The former deputy CEO succeeds Santos Kreimann, who announced in January that he was stepping down for health reasons.
Pensions
Global Pension Assets Reached $68.3T in 2025
Defined contribution savings drove growth, according to WTW’s Thinking Ahead Institute.
Market Moves
Princeton University Slashes Endowment’s Long-Term Return Assumption to 8%
Citing the economic and political climate and ‘steadily declining’ long-term returns among Ivy League peers, the school is shifting its investment strategy to focus from growth.
Market Moves
Quant Firms Boost Prediction Markets Trading Teams
Quantitative hedge funds are hiring staff to trade bets on sporting and political events, but winning the trust of institutional investors will be a big challenge.
Newsmakers
Andrew Alley Named Global Head of Infrastructure Investments at PSP
Alley will move from a similar role at the Canada Pension Plan Investment Board.
Newsmakers
San Diego Foundation CIO Matt Fettig Adds CFO Role
The $1.8 billion endowment will combine its investment and financial operations.
Alternatives
KKR Announces Deal for Sports Investor Arctos Partners
The $1.4 billion acquisition of the Dallas-based firm will add exposure to the growing sports opportunity.