Pensions
Corporate Pension Plans Inch Further Into Surplus Territory
In response, plan sponsors are strategizing about more than pension risk transfers.
Tag: BlackRock
Pensions
BlackRock: Record High Corporate Pension Surplus Levels Need to Be Preserved
According to the asset manager, plan sponsors should focus on investments, plan management and governance to help plans achieve and maintain full funding.
Alternatives
BlackRock Sees Strong Institutional Demand for Private Credit
The asset class, along with infrastructure, drove the firm’s inflows during the first quarter, while executives downplayed woes related to investor BDC redemptions.
Technology
BondXN Links to BlackRock’s Aladdin for Institutional Investor MBS Trading
The multi-year partnership is aimed at improving transparency and efficiency for trading mortgage-backed securities.
Corporate Moves
Consortium Including CalPERS, EQT, BlackRock’s GIP to Acquire Utility Company AES
The $33.4 billion deal for the power generation company would support its capital growth plans.
Manager Selection
New York City Pensions Shelve Recommendation to Rebid BlackRock Mandate, Terminate Fidelity
City Comptroller Brad Lander had proposed the moves, alleging the firms have failed to meet the funds’ net zero plans.
Newsmakers
Canada PM Carney Names Investor Mark Wiseman as Ambassador to US
Wiseman has led both the CPPIB and AIMCo and has held several roles at BlackRock.
Pensions
PME Pensioenfonds Terminates $5.9B BlackRock Mandate
The $70 billion pension fund for Dutch retirees in the metals and technology sector is the latest to drop the asset manager due to climate concerns.
Alternatives
BlackRock AUM Surges Past $13T, Alts Investments Double
The world’s largest asset manager saw year-over-year assets under management grow 17%, while client assets in alternative investments more than doubled due to recent acquisitions.
Newsmakers
TIAA Hires ex-BlackRock Retirement Head for Business Development
Rob Crothers will lead efforts to develop strategic partnerships for guaranteed income and more.
Asset Allocation
Mega Investors Sold Millions of Google Shares Just Before Stock Soared
BlackRock, J.P. Morgan and CPP Investments are among the institutional investors that potentially missed out on billions of dollars in short-term gains.
Manager Selection
Dutch Pension PZFW Terminates BlackRock, AQR, L&G Mandates Amidst Portfolio Reshuffle
The trio were dropped as equity managers as the fund looks to active investing.
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.
Alternatives
BlackRock, Fidelity, Grayscale Dominate Crypto ETF Assets Amidst Institutional Interest
The firms’ offerings made up 85% of all crypto AUM, while separate research found 75% of investors expect cryptocurrency to soon become part of institutional allocations.
Corporate Moves
BlackRock Aims for $400B in Private Market Fundraising by 2030
The manager wants to expand its alternative investment offerings to wealth managers and aims to be the world’s largest cryptocurrency asset manager.