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Pensions January 13, 2025

PBGC Approves SFA Funds for 3 Multiemployer Pension Funds

Laborers Local No. 265, Teamsters Local 734 and the IUOE Upstate NY Engineers Fund will receive grants totaling almost $250 million under the Special Financial Assistance Program.

Newsmakers January 13, 2025

Kelly Cavagnaro Joins Janus Henderson as Head of North America Institutional

The appointment of Cavagnaro is effective immediately.

Risk January 10, 2025

Private Equity Ownership Degrades Health Care Quality, per Senate Report

A bipartisan Senate Budget Committee found that PE firms prioritized profits over patients.

Manager Selection January 10, 2025

Inaugural Emerging Managers Week to Kick Off in February

The week of conferences is intended to provide a platform and networking opportunities for diverse-owned and emerging management firms.

Market Moves January 10, 2025

Rate Cut Hopes Squashed by December Payroll Data

The U.S. added 256,000 jobs, considerably more than the 155,000 expected, lowering the chances of interest rate cuts this year.

Opinion January 10, 2025

Corporate Performance and Capital Deployment Will Drive Increasing Shareholder Value for Japanese Equities

Near-term volatility does not negate the market’s long-term prospects.

Corporate Moves January 9, 2025

BlackRock Exits Net Zero Asset Managers Initiative

The $11.5 trillion asset manager leaves amidst an ongoing pushback against ESG investing.

Corporate Moves January 9, 2025

Northwestern Mutual to Take Stake in Sixth Street, Form Investment Partnership

The alternative asset manager will manage $13 billion of the insurer’s assets in private credit strategies.

Asset Allocation January 9, 2025

Ares Raises $2.3B for Life Insurance and Annuity Subsidiary

The alternative asset manager wants to capture the growing demand for retirement solutions through its insurer, Aspida Holdings Ltd.

Asset Allocation January 9, 2025

Equity Bull Market Buoys Australian Super Funds’ 2024 Returns

The calendar year saw double-digit returns based on Australian and global stock performance, ASFA reports.

Risk January 8, 2025

Investor Group Calls for UnitedHealth to Report Public Health Costs of Denied Access to Treatment

The Interfaith Center on Corporate Responsibility issued a shareholder proposal to examine the economic impact of health care claim denials.

Newsmakers January 8, 2025

Jacmel Partners Names Mike Salzman as Operating Partner

The firm plans to launch an infrastructure investing platform.

Manager Selection January 8, 2025

New York Common Leads All US Public Pension Funds in Commitments to Diverse Firms

An NAIC report also found corporate pensions and union funds ‘lag significantly’ behind public pensions in hiring diverse managers.

Newsmakers January 8, 2025

Madoff Victim Fund Makes Final Payout

The fund will wind down after recovering more than $4.3 billion for victims of Bernie Madoff’s $64 billion fraud.

Newsmakers January 7, 2025

Anne Henderson Named Participant and Plan Sponsor Advocate at PBGC

Henderson will succeed Constance Donovan, who retired in August after 11 years at the Pension Benefit Guaranty Corporation.