Risk
Private Equity Ownership Degrades Health Care Quality, per Senate Report
A bipartisan Senate Budget Committee found that PE firms prioritized profits over patients.
News
Manager Selection
Inaugural Emerging Managers Week to Kick Off in February
The week of conferences is intended to provide a platform and networking opportunities for diverse-owned and emerging management firms.
Market Moves
Rate Cut Hopes Squashed by December Payroll Data
The U.S. added 256,000 jobs, considerably more than the 155,000 expected, lowering the chances of interest rate cuts this year.
Opinion
Corporate Performance and Capital Deployment Will Drive Increasing Shareholder Value for Japanese Equities
Near-term volatility does not negate the market’s long-term prospects.
Corporate Moves
BlackRock Exits Net Zero Asset Managers Initiative
The $11.5 trillion asset manager leaves amidst an ongoing pushback against ESG investing.
Corporate Moves
Northwestern Mutual to Take Stake in Sixth Street, Form Investment Partnership
The alternative asset manager will manage $13 billion of the insurer’s assets in private credit strategies.
Asset Allocation
Ares Raises $2.3B for Life Insurance and Annuity Subsidiary
The alternative asset manager wants to capture the growing demand for retirement solutions through its insurer, Aspida Holdings Ltd.
Asset Allocation
Equity Bull Market Buoys Australian Super Funds’ 2024 Returns
The calendar year saw double-digit returns based on Australian and global stock performance, ASFA reports.
Risk
Investor Group Calls for UnitedHealth to Report Public Health Costs of Denied Access to Treatment
The Interfaith Center on Corporate Responsibility issued a shareholder proposal to examine the economic impact of health care claim denials.
Newsmakers
Jacmel Partners Names Mike Salzman as Operating Partner
The firm plans to launch an infrastructure investing platform.
Manager Selection
New York Common Leads All US Public Pension Funds in Commitments to Diverse Firms
An NAIC report also found corporate pensions and union funds ‘lag significantly’ behind public pensions in hiring diverse managers.
Newsmakers
Madoff Victim Fund Makes Final Payout
The fund will wind down after recovering more than $4.3 billion for victims of Bernie Madoff’s $64 billion fraud.
Newsmakers
Anne Henderson Named Participant and Plan Sponsor Advocate at PBGC
Henderson will succeed Constance Donovan, who retired in August after 11 years at the Pension Benefit Guaranty Corporation.
Pensions
Clarks Footwear, Pension Insurance Corp. Complete $677M Annuity Buy-In
The pension risk transfer will cover 8,000 beneficiaries and could set the stage for a record-setting year in transaction volume.
Pensions
ERSRI, COAERS Issue Consultant RFPs
The Employees’ Retirement System of Rhode Island is searching for an investment consultant, while the City of Austin Employees’ Retirement System seeks a private markets consultant.