Regulation
SEC Grants Dimensional Approval to Launch ETF Share Classes
The agency signaled its approval in September, but the official verdict was delayed because of the government shutdown.
News
Alternatives
Japan’s GPIF Creates Alts Database as It Expands Exposure to Asset Class
The pension giant’s alts holdings have ballooned to $27.3 billion from $1.3 million over the past decade, with room to grow.
Pensions
CalPERS Board Votes to Approve Total Portfolio Approach
The California pension approved the proposed change to implement TPA—the first institutional allocator in the U.S. to do so—by July 2026.
Corporate Moves
Truist Launches Institutional Capital Group
The team, which will cover middle-market private equity sponsors and family offices, will be led by Chris Jackson.
Newsmakers
Panama Sovereign Fund CIO to Step Down
Abdiel Santiago will leave the Fondo de Ahorro de Panamá on December 4 as part of a planned leadership transition.
Asset Allocation
University Endowments Returned to Growth in 2025
Higher education institutions saw strong returns across asset classes, especially in equities, and significant exposure to themes related to digital assets and artificial intelligence.
Pensions
Corporate Pension Funding Surpluses Grow for Seventh Straight Month
Ratios continue to improve as markets continue to gain momentum.
Pensions
RTX to Transfer $2.5B in Pension Obligations to Prudential
The pension risk transfer will result in a $300 million settlement charge in the fourth quarter.
Pensions
DB Plans See Best Year-to-Date Q3 Performance Since 2019
DB plans saw a median return of 4.43% in the quarter, reaching 10.72% for the year so far, according to data from Confluence.
Newsmakers
Why This Consultant Is Doubling Down on Sustainability
Max Messervy, a former Mercer director, founded his independent firm, Oakledge Advisors, to help asset owners and other investors navigate climate strategy.
Newsmakers
Puneet Kohli Named CalSTRS Investment Director of Risk-Mitigating Strategies
Kohli previously held positions at multiple Canadian funds.
Asset Allocation
Franklin Templeton Expands Tokenized Funds to New Blockchain Network
The manager’s Benji technology platform will become available on the Canton Blockchain.
Regulation
Economic Data to Resume as Government Shutdown Nears End
Once the U.S. government reopens, much-anticipated jobs reports and inflation updates will provide crucial insights.
Asset Allocation
Half of Australia’s Superannuation Plan Assets Invested Offshore for First Time
New research from National Australia Bank found that artificial intelligence and digitization are the leading themes influencing investment decisions.
Regulation
Investors, Pension Funds Blast SEC’s Green Light for Forced Arbitration
More than 60 institutional investors managing a combined $8 trillion wrote a letter strongly opposing the Securities and Exchange Commission’s position.