Alternatives
As Mega Alts Funds Appear, Emerging Managers Face Bigger Hurdles
But allocators point to opportunities they find when investing with smaller, newer firms.
News
Regulation
Teamsters Plan Receives $5.7B From PBGC
The grant will keep the plan solvent through 2051.
Asset Allocation
CDPQ Finances $75M in Second Investment in Quebec Data Center Provider Vantage
Institutional investors are fueling momentum in data centers, which continue to grow in 2024, according to CBRE research.
Corporate Moves
Value of Pension-Backed M&A Deals Soars to $13.6B in Q2
Despite seven fewer transactions than one year earlier, total deal value rose 158%.
Pensions
Pensions in Michigan, Jersey City Add Bitcoin ETFs to Portfolios
Only three public pension funds are known to have acquired these types of ETFs.
Risk
Expect More Borrowing Once the Next Recession Hits, Says Strategist
U.S. consumers usually reduce taking out loans in a slump, so one likely winner in the coming downturn, per BCA’s Papic, is homebuilders’ stocks.
Pensions
Public Equity Allocations Lead the Way for Public Pension Funds
The top-performing public pension funds this year are likely to thrive with a higher allocation to equities, according to Markov Processes International.
Asset Allocation
Singapore GIC Announces 20-Year Rolling Return Rate of 3.9%
The fund aims to add diversification to its portfolio and sees opportunities in long-term flexible capital financing for the energy transition.
Pensions
Dallas Pensions’ Low Returns, Funded Ratios Blamed on Private Equity Performance, Allocation
A city-commissioned analysis found Dallas will have to contribute ‘significant' amounts of money to improve the pensions’ funded status.
Newsmakers
NZ Super’s Jo Townsend Shares Stakeholder Update
The superannuation chief lays out the fund’s upcoming goals.
Risk
Private Credit Defaults Nudge Up: A Warning?
This relatively new alternative asset class had a 2.7% rate for loan non-payments in the second quarter, a Proskauer study says.
Newsmakers
CPP Promotes New Chief Risk Officer
Priti Singh, the fund’s capital markets factor investing head, has been promoted to CRO, while Heather Tobin succeeds her.
Regulation
SEC Looks to Finalize Remaining Market Structure Rules by October
The proposal aims to improve stock order competition but has received mixed feedback from the public.
Market Moves
Investors’ Confidence in ETFs Continues to Grow, per State Street
The firm’s 2024 ETF Impact Survey found exchange-traded-fund use highest in Japan, lowest in Sweden and the U.S.
Regulation
PBGC Insurance Funds Well-Funded for Years to Come
The Pension Benefit Guaranty Corporation’s projection shows both pension insurance funds are in great shape financially.