Pensions
Shareholder Activist Vote Against ExxonMobil Fails
An average of 95% of votes cast support the company's board amidst a lawsuit against two shareholders over sustainability concerns.
News
Risk
Dimon Sounds Alarm on Private Credit—Sounds Like Junk Bonds, Circa 1990
JPM chief points out that these loans have not yet faced a real economic downturn, which high-yield did.
Research
How AI Can Help Asset Managers Do Their Jobs
Digging up data, boosting productivity, divining client needs—these are among the benefits artificial intelligence can bring, per a BCG report.
Newsmakers
Anouk van der Boor Appointed CIO of The Directors Guild of America Pension
Van der Boor will serve as the investment chief of the guild's producer pension and health plans starting July 1.
Regulation
UFCW Regional Plan Receives $54.6M Grant From PBGC
The grant will keep the plan solvent through 2051.
Newsmakers
NYU Appoints Michelle Knudsen as CIO of $5.9B Endowment
The investment chief is moving from the Mellon Foundation.
Research
Emerging Market Bonds, on a Roll, Should Do Even Better, Says Ned Davis
Firm commodities prices and expected EM growth are tailwinds, the research firm contends.
Pensions
Entergy Enters $1.2 Billion Pension Risk Transfer with MetLife
The transaction is one of many billion-dollar annuity buyouts to occur this year.
Newsmakers
Anisha Gangwani Appointed CIO of Legal & General Retirement America
Gangwani will lead the investments of the pension risk transfer provider.
Asset Allocation
What Asset Classes Will Allocators Choose as They Up Their Alts Ownership?
Private debt, private equity and infrastructure lead the list in Preqin survey.
Newsmakers
Stephan Rupert Appointed CIO of Canada Growth Fund Investment Management
The $11 billion fund aims to make cleantech investments in Canada.
Pensions
Record $15B in Pensions Transferred to Insurers in Q1
Jumbo deals by Verizon and Shell led a busy quarter that points to a busy year for PRT.
Regulation
Intercontinental Exchange Fined $10M for Failing to Inform SEC of Cyber Intrusion
The NYSE’s parent company allegedly waited four days before telling nine subsidiaries of the 2021 network breach.
Research
Pension Investors Can Improve the Productivity of the Companies in Which They Invest
Productivity improvements happen across ‘four channels’ due to direct equity stakes from asset owners, research finds.
Market Moves
How to Invest in a Disrupted Economy, Per Sage Munro
War, expanding debt and high rates demand a multi-strategy approach, says chief of BNY Mellon’s Newton unit.