Global equities fueled the strong returns, despite the economic impact of war in the Middle East and choked supply chains, according to Northern Trust.

Funds are using artificial intelligence tools to automate routine functions where errors are recoverable and human review is routine, NCPERS reports. 

Prime Super and Aware Super, with a combined roster of 1.4 million members, are in the due diligence phase.

The planned hub will be led by Apollo Capital Solutions’ Eric Needleman and Athene Holding’s Mike Downing.

Expansion can warrant professionalization and put offices in competition for personnel with asset managers and institutions.