PFM Asset Management will continue to operate as a separate entity and PFM’s financial advisory business is not included in this acquisition and will continue to operate independently.
Global real estate investment company Kennedy Wilson has entered into a new joint venture with a global institutional investor to acquire and manage core-plus multifamily communities in the Western U.S.
Macquarie Asset Management and Ontario Teachers’ Pension Plan Board have acquired an about 32% stake in Puget Holdings from Canada Pension Plan Investment Board for an undisclosed sum.
Chicago owes $32.9 billion to its four employee pension funds representing police officers, firefighters, municipal employees and laborers, according to the 2020 Certified Annual Financial Report — an increase of nearly 3.5% from 2019.
Pension funds are seeing increased demand for environmental, social, and governance-focused investments, say Seyfarth Shaw attorneys Candace L. Quinn and Linda J. Haynes. They look at the state of regulation of public and private pension funds and say the need for more detailed ESG and sustainability information, and a framework for investors is clear.