Newsmakers
PBGC Director Nominee Janet Dhillon Clears Senate HELP Committee
The Senate Committee on Health, Education, Labor and Pensions voted 12-11 to advance Dhillon's nomination to the full Senate.
News
Regulation
The Private Universities Affected by Proposed Tiered Endowment Tax
At least 41 colleges and universities would be subject to an expanded federal endowment tax, with several subjected to new, higher rates.
Surveys
2025 CIO Outsourced Investment Manager Survey Now Open
A growing number of asset owners, plan sponsors, and institutional investors are turning to outsourced CIOs and 3(38) managers to support their investment oversight. We’re looking to better understand what drives these decisions and the value these arrangements provide.
Manager Selection
NBIM Commits $800M to Blackstone Logistics Real Estate Fund
The strategy will invest in warehouse properties across the U.S. and Canada.
Pensions
British DC Pension Schemes Pledge 10% Alts Allocation by 2030
The U.K. Treasury’s Mansion House Accord aims to unlock more than $70 billion in domestic investments.
Newsmakers
Chad Tredway Named Global Head of Real Estate at J.P. Morgan Asset Management
Tredway was promoted from his current position as head of real estate for the Americas.
Newsmakers
Australia’s Future Fund Makes Leadership Appointments
Nancy Collins is joining as the fund’s new chief financial and chief risk officer.
Corporate Moves
Neuberger Berman, PIF to Deploy $6B in Saudi Investments
The duo will launch a multi-asset program to support the growth of the asset management industry in Saudi Arabia.
Regulation
House GOP Tax Plan Targets Private University Endowments, Private Foundations
The bill proposes increasing tax rates for private institutions with large endowments and private foundations with substantial assets.
Newsmakers
Conning CIO: Insurance Investors Should Be Patient Amid Market Volatility
Cindy Beaulieu emphasizes the quality of U.S. assets and advises insurers to stay true to their strategies.
Newsmakers
Angie Davis Named CEO of JPMorgan’s Timberland Unit, Campbell Global
Davis will succeed John Gilleland in October as chief executive of the $10.1 billion manager.
Market Moves
Institutional Investors Drive Surge in Bond ETFs
BlackRock expects bond ETF assets to more than triple to $6 trillion worldwide within five years.
Corporate Moves
Temasek, T. Rowe Price Among Investors in Benefits Provider, Broker Hub International
The equity investment values the private equity-backed firm at $29 billion.
Regulation
Lawmakers Ask SEC to Delist Chinese Stocks From US Exchanges
In a letter to the SEC, senators and representatives wrote that a ban would remove an ‘unacceptable risk’ and protect American markets, investors and security.
Asset Allocation
Pennsylvania Pension Fund Seeks Divestment of Tesla Shares
The board of Lehigh County’s pension fund has paused purchases of the company's stock and seeks a full divestment.