Corporate Moves
New York Times Makes $235 Million Pension Risk Transfer to MassMutual
About 1,850 affected retirees will continue to receive payments from the life insurer.
Tag: company
Asset Management Culture
Aiming to Boost Diversity, Canadian Institutions to Monitor Corporate Behavior
A group of funds holding roughly $2.3 trillion say they will make demands on companies whose stocks are in their portfolios.
Opinion
Op-Ed: We Are Still Living in the Jackie Robinson Age of Financial Services
Only a small, select group of Black professionals gets to advance to the C-suites of firms. White men get a lot more leeway. Nickol Hackett, CIO of the Joyce Foundation, lays out how this can be rectified.
Asset Management Culture
Mubadala Puts $2 Billion into Silver Lake for 25-Year Strategy
The fund has also taken a minority equity stake of less than 10% in the firm.
Asset Allocation
Abu Dhabi’s Mubadala, PE Firm Kohlberg Take Over US Pharma Firm
The Philadelphia-based PCI Pharma Services is looking to expand operations in Asia and greater Europe.
Newsmakers
GCM Grosvenor Merges with SPAC to Go Public
Interest in the so-called ‘blank check’ companies has surged during the pandemic from investors seeking easier ways to fund IPOs.
Asset Allocation
US Insurers Aren’t as Concerned About Climate Risk as Global Peers, GSAM Finds
Just half of American carriers consider global warming during their investment process, versus more than 70% of their European and Asian counterparts.
Asset Management Culture
Majority of Insurers Confident in Asset Managers During Downturn
They’re also upping their allocations into alternatives, such as private equity and private credit, says a State Street survey.
Opinion
Op-Ed: Building a More Diverse Next Gen: Proprietary Sourcing Extends Beyond Deal Flow
Firms must develop diverse leaders for the future, writes CIO Leslie Lenzo and her team at Advocate Aurora Health in response to Tony Waskiewicz's call to action.
Alternatives
Calvert Will Score Companies on ESG to Add to Its Funds
To make the grade for its separate accounts, companies must be in the top third for at least one sustainability metric.
Alternatives
ESG ETF Investing ‘Should At Least Double’ This Year, Says Industry Savant
Investor interest has jumped amid challenges in the coronavirus crisis and George Floyd protests.
How CIOs Get Leeway from the Board
Getting a board buy-in for rebalancing portfolios is tough for new investment chiefs. Veterans reveal tried-and-true practices that helped them gain some freedom.
Asset Allocation
Ontario Employees Pension Returns 11.9% in 2019
Public equity returns of more than 20% help boost OMERS’ total asset value to C$109 billion.
Regulation
Hedge Fund Manager Gets Nearly 12 Years in Prison for Fraud
Nicholas Genovese pleads guilty to lying about credentials and hiding a criminal background.