Nearly half of this quarter’s pension risk transfer volume came from IBM’s $6 billion PRT with Prudential, per Legal & General Retirement America.
The plans’ funded ratio was down two percentage points to 121% in Q3 due to a drop in discount rates.
The Canada Pension Plan Investment Board’s C$285 million commitment follows several recent data center investments.
The fund manager and former Soros CIO, set to be nominated as secretary of the treasury, has stated his intent to spur growth through deregulation and energy production.