Mercer, Mizuho Will Partner on OCIO Offerings in Japan
Under the bank’s Asset Management One subsidiary, the duo will offer outsourced CIO services to institutional clients.
Corporate Moves
Insurance AUM Has Tripled in Past Decade, Reaching $4.5T Last Year
Insurers are increasingly allocating to alternative investments, with private asset AUM growing to $800 billion from $50 billion since 2015, according to a report from Clearwater Analytics.
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.
Temasek, T. Rowe Price Among Investors in Benefits Provider, Broker Hub International
The equity investment values the private equity-backed firm at $29 billion.
OCIO Provider Brown Advisory Expands to Abu Dhabi
The firm named Jack Weatherby as head of Middle East as part of a regional expansion.
Proposals Against ESG, DEI Set to Increase This Proxy Season
ISS-Corporate research projected how shareholder engagement is likely to change this year.
TPG Launches Sports Investing Platform With Rory McIlroy
The professional golfer’s Symphony Ventures and the newly formed TPG Sports received an anchor commitment from Abu Dhabi’s Lunate.
Nomura to Acquire $180B AUM Macquarie Asset Management Business
The $1.8 billion acquisition of its U.S. and European business will see 700 Macquarie staff join Nomura and will open wealth management opportunities in the U.S. for the Japanese bank.
TPG, Temasek to Take Stake in Cliffwater
The duo will join private equity firm TA Associates as investors in the alternative investment adviser.
University of Utah Selects Cynosure as OCIO for $1.8B Endowment
The Salt Lake City-based fiduciary manager was selected from 50 potential service providers.
Gallagher & Co. Acquires Investment Consultant, OCIO Firm Agilis Partners
The Agilis team will be merged into Gallagher’s operations.
Mercer to Acquire Investment Consultant SECOR Asset Management
The transaction is expected to close in the second quarter of 2025.
UK’s People Pension Creates In-House Adviser
The workplace master trust’s investment team has nearly doubled in a little more than a year.
Canadian Pension Fund BCI Offers to Take Infrastructure Manager BBGI Private
The Luxembourg-based manager could be acquired for $1.31 billion.