News

Extensive and timely coverage of the institutional industry.

Industry News
Aon, Willis Towers Watson Call Off Merger Deal

The firms mutually agreed to terminate their prior agreement to combine, ending litigation with the U.S. Department of Justice.

07.26.21
Administrator/Record Keeper
Northeast Deferred Comp Plan Seeking Bundled Provider

The plan is looking for a firm to provide plan design and administration, record keeping, investment option selection, monitoring and trustee/fiduciary education.

07.26.21
Industry News
WFAM Rebrands, Names New CEO

The firm will rebrand to Allspring Global Investments and be led by a new ceo.

07.26.21
People Moves
Lazard Adds Sustainable Private Infrastructure Head

The new hire will join the firm in October.

07.26.21
People Moves
Blackstone Appoints Global Infrastructure Portfolio Operations & Asset Mgmt. Head

The new hire will replace Steve Bolze, who will retire from the position in the fourth quarter.

07.26.21
In The News
Slate Asset Management Announces Final Close of Slate Real Estate Capital I

Slate Asset Management, a global alternative investment platform focused on real estate, today announced the final close of Slate Real Estate Capital I.

07.26.21
Profiles
5 Questions with Municipal Employees' Annuity & Benefit Fund of Chicago Investment Officer Steve Yoon

Steve Yoon, investment officer for the $4 billion Municipal Employees’ Annuity and Benefit Fund of Chicago, answer 5 questions for fin|news.

07.26.21
In The News
PERS Board Lowers Key Investment Earnings Assumption

The board of Oregon’s Public Employees Retirement System voted unanimously Friday to reduce its long-term assumption about earnings on the pension system’s investment portfolio, a decision that will increase required contributions to the fund from public employers and reduce benefits for a number of employees who have yet to retire.

07.26.21
In The News
$30 Billion State-Managed Pension Fund Invests In Publicly Traded Bitcoin Miners

New Jersey’s pension fund has gained indirect exposure to Bitcoin and cryptocurrencies by investing in their mining companies.

07.26.21
In The News
NY Pension Fund Puts Unilever On Notice Over Ben & Jerry’s Sales Ban

The main pension fund for New York’s state government workers and retirees warned Ben & Jerry’s parent company, Unilever, on Friday that it might restrict its investments in the company because of the ice cream maker’s decision to halt sales in Israeli-occupied territories.

07.26.21