Market Moves
Tariffs Fuel Inflation Fears Among Insurance Companies
Insurance firms see inflation as the biggest threat to their investment strategy over the next year, per a BlackRock report.
News
Research
LPs Remain Under-Allocated to Private Markets, Leaving Many Reviewing Manager Relationships
Institutional investors seek to do more with fewer general partners, according to a survey released this week by Goldman Sachs Asset Management.
Corporate Moves
General Catalyst, Trian Seek to Buy Remaining Shares of Janus Henderson
A Janus Henderson special committee will consider the nonbinding takeover offer, which values the company at more than $7 billion.
Pensions
L&G Completes $6.14B Pension Risk Transfer With Ford UK Pensions
The buy-in transaction for 35,000 retirees is the largest in the country this year.
Asset Allocation
Yale Endowment Returns 11.1% in Fiscal 2025, Tempered by Buyouts, Real Estate
The institution’s assets rose to $41.4 billion, while it distributed $2.1 billion for operating expenses.
Asset Allocation
Led by Global Equities, Columbia Endowment Gains 12.4% in Fiscal 2025
But the university’s finances ‘experienced a major destabilizing event’ with the termination of hundreds of federal grants.
Asset Allocation
Princeton Endowment Returns 11% in Fiscal 2025
Assets managed by the Princeton University Investment Co. rose to $36.4 billion.
Corporate Moves
Federated Hermes to Take 80% Stake in Multifamily Real Estate Manager
Maryland-based FCP will add a $3.8 billion platform brings Federated into the U.S. real estate market and expands its presence in private markets.
Asset Allocation
Dartmouth Endowment Returns 10.8% in Fiscal 2025
Assets of the fund, which distributed $453 million to college operations in the year, rose to $9 billion at the end of June.
Pensions
Donnelley Terminates Frozen Pension Plan
The company settled its pension obligations through lump sum payments to some participants and by purchasing annuity contracts from an unnamed insurer for remaining obligations.
Corporate Moves
ISS STOXX Launches Real Assets Climate Solutions Suite
The tools aim to help investors understand climate risks within their portfolios.
Newsmakers
Brown Advisory Names Nick Kirrage to Lead Global Equity Strategies
The former Schroders fund manager will help expand the firm’s global equities platform.
Corporate Moves
Proxy Advisers Rally Investors Against Musk Pay Package at Tesla
Institutional Shareholder Services and Glass Lewis are recommending shareholders vote against a $1 trillion compensation plan for Elon Musk.
Pensions
US Public Pension Funds’ Funded Ratios Rise to Highest Levels in Nearly 4 Years
The 100 largest public pensions’ were 85.4% funded in September, up from 84.2% in August.
Newsmakers
Steven Meier to Depart as CIO of NYC Pensions
The investment chief of the city’s Bureau of Asset Management is leaving November 7 for an unspecified new opportunity.