Pensions
US Defined Contribution Plans Need to Cover More Workers, Says TIAA
The study also suggested that workers should be required to join 401(k)s and other retirement programs.
News
Manager Selection
Yale Endowment Launches Incubator Program for New Asset Managers
Applications for the Prospect Fellowship, which aims to help candidates launch new firms, are due October 14.
Corporate Moves
Investment Firms’ AI Adoption Hindered by Lack of Standards, CFA Institute Finds
A recent survey found that investment professionals agree AI standards are needed before they utilize the technology.
Asset Allocation
Ontario Teachers’ Pension Plan Earns 4.2% in 1st Half of 2024
The Canadian pension fund’s asset value increased nearly C$12 billion for the year to June 30.
Pensions
Pennsylvania SERS Retains Empower, Aims to Save $1.4M per Year Under New Contract
According to the pension fund, changes under the new contract mean the financial services firm will have ‘some skin in the game.’
Pensions
CDPQ, FTQ Invest $424M in Québec Energy Provider
The financing will assist Énergir in developing renewable energy projects.
Pensions
Global Pension Assets Rebounded in 2023 With 10% Gain
Assets of the largest 300 pension funds reached $26.2 trillion, according to WTW.
Risk
Immigration Critics Overlook the Good It Does, per State Street
The worker influx has led to moderate wage growth and thus held down inflation, according to the firm’s Arone.
Pensions
Final Settlement Hearing Set for December in Class Action vs. Uber
The Boston Retirement System is a class representative of investors seeking a $200 million settlement from the ride-share giant for false statements connected with its 2019 IPO.
Newsmakers
Texas Tech Endowment Recruiting Chief Technical Officer
The technology chief will support the university system’s investment operations.
Market Moves
Sports Investing Presents ‘Game Changer’ for Institutional Investors, per PGIM
Investors continue to pour into sports, buying teams and broadcasting rights from multiple leagues.
Pensions
Pension Risk Transfer Market Reaches $26 Billion in Transaction Volume in H1 of 2024
In the U.K. and U.S., large plans are increasingly seeking PRTs.
Risk
Nail-Biting Time for Stock Market as Jobs Report Looms
The August employment-growth tally, to be unveiled Friday, has investors on edge.
Pensions
Michigan Pension Fund Files Complaint Against ZoomInfo
The City of Pontiac Police and Fire Retirement System alleges the software and data company made misleading statements.
Market Moves
Stocks Way Overvalued by Any Metric, Per Study
Ned Davis Research shows that various ways of gauging price-to-earnings ratios demonstrate equities reaching historically high levels.