Alternatives
‘Crypto Week’ Bills Headed to Trump’s Desk
The three separate pieces of legislation, slowed down after failing to clear procedural votes earlier in the week, eventually passed the House.
News
Newsmakers
Oregon State Treasury Names Tad Fergusson as Director of Private Market Investments
The Meketa managing principal will join the $141 billion system on July 28.
Asset Allocation
Geopolitical Risks Force Family Offices Into Liquid Alternatives, Cash
A BlackRock survey found that family offices are diversifying away from U.S. equities.
Newsmakers
Danita Johnson Named Head of Private Markets at NHRS
The appointment comes as the New Hampshire Retirement System aims to bring a larger share of its investments in-house.
Pensions
Japan’s GPIF Research Finds Some ESG Factors Boost Corporate Value
Diversity-related and other key performance indicators led to increased corporate value, according to the $1.7 trillion sovereign wealth fund.
Asset Allocation
British Columbia Pension Earns 10% in Fiscal 2025, Led by Public, Private Equities
The Canadian pension fund’s asset value grew to C$295 billion, but its returns fell short of the benchmark for the fiscal year through March 31.
Newsmakers
Franklin Templeton Taps Mercer’s Longtime OCIO Boss
After 33 years at Mercer, Rich Nuzum will spearhead FTIS efforts to grow its outsourced CIO business.
Corporate Moves
Wilshire Acquires Analytics Firm ParkLexington
The data and analytics firm focuses on improving the profitability and performance of investment managers.
Pensions
PRT Volumes Expected to Reach $100B Annually in Coming Years
A new J.P. Morgan report found that pension risk transfers will be among the fastest-growing product lines in the life insurance sector.
Corporate Moves
Man Group to Bolster Private Credit With Acquisition of Bardin Hill
The London-based asset firm announced it entered into an agreement to acquire the $3 billion manager.
Pensions
Public Pension Fund Returns Remain Positive in Fiscal 2025, Despite Tariff Stumble
For the one-year period that ended June 30, April’s market downturn might not even be visible, but funds may miss their benchmarks, according to Equable.
Pensions
OTPP Acquires Portfolio of Spanish Dentist Offices
The Ontario Teachers’ Pension Plan’s $1.17 billion acquisition of the Donte Group includes 426 dental clinics.
Asset Allocation
As Exits Slow, Venture Secondaries Tick Up
Venture capital stakes are being acquired at attractive discounts while uncertainty puts a pause on IPOs.
Opinion
What System-Level Investing Is—and Why It’s Different From Any Approach You’ve Used Before
System-level investing links portfolio performance to the health of the systems that sustain it—and retools investment strategy accordingly.
Pensions
Funded Status of U.S. Corporate Pension Plans Rose Again in June
Aggregate surpluses rose to $114 billion in June from $102 billion in May, Mercer reports.