Research
Family Offices Lean Further Into Alts, Crypto
BNY Wealth’s annual single-family-office report revealed that 74% of respondents look more favorably on cryptocurrency since the U.S. presidential election.
News
Pensions
Half of DB Sponsors Plan to Stay in the ‘Pension Ecosystem’
As funding levels have improved, corporate finance officials are looking instead at plan design and risk management options, Mercer research found.
Pensions
LACERA Fraudster Charged With Grand Theft, Conflict of Interest
Carmelo Marquez is accused of awarding $120,000 worth of IT contracts from the Los Angeles County Employees Retirement Association to a company he owned.
Regulation
SEC Announces Director of Investment Management Will Step Down
Natasha Vij Greiner leaves the agency after 23 years, having served in her final role since March 2024.
Regulation
Private Foundation Tax Could Change Charitable Giving
Affected institutions could look to offset the tax by chasing higher yields or to avoid the tax completely by using donor-advised funds.
Pensions
LA Pension Fund Commits $75M to 3 Funds
More than half of the allotment was earmarked for a private equity fund targeting European tech firms.
Newsmakers
NYC Comptroller’s Deputy CIO, Private Equity Head Departs
Eneasz Kądziela will leave the New York City pension system for a new opportunity.
Manager Selection
Texas Permanent School Fund, Velocity Back $500M Collegiate Sports Initiative
Sports agency Elevate announced the Collegiate Investment Initiative, designed to provide capital for college sports-related investments in the wake of the House v. NCAA settlement.
Pensions
New York State Common Retirement Fund Assets Rise to $272.8B With 5.82% Return
The pension slightly missed its long-term benchmark in the fiscal year that ended March 31, while Comptroller Thomas DiNapoli warned of continuing market volatility.
Corporate Moves
Kuwait Investment Authority Joins AI Infra Partnership With BlackRock, Microsoft
The firms, along with MGX, plan to mobilize $100 billion to scale data centers.
Market Moves
Trends Emerging in Active, Unusual Proxy Season
The year could shape what measures end up in proxy seasons going forward and who is casting the votes.
Newsmakers
Vivek Jindal Named CIO of Caprock
The investment chief, formerly the CIO of Kore Private Wealth, most recently served as head of growth and private markets at Corient.
Corporate Moves
Franklin Templeton to Acquire Private Credit Manager Apera
The $5.7 billion firm will focus on direct lending in the European lower-middle market.
Manager Selection
Illinois Municipal Retirement Fund Commits $300M to Real Assets, Alts
The IMRF made commitments with Blue Owl Real Estate, Khosla Ventures, Charlesbank Capital Partners and Great Hill Partners.
Pensions
PSP Invests More Than $1.5B in Fiber Infrastructure Joint Venture With BCE
The partnership aims to build fiber networks in underserved areas of the U.S.