INVESTING
Saudi Arabia will combine two state-run pension and unemployment insurance funds into an entity with almost $29 billion in stocks.
Fitch Ratings raised its credit outlook on New York state to stable from negative, while keeping its AA+ rating on general obligation bonds.
S&P Global Ratings raised to stable from negative its outlook for New York state's general obligation bonds.
Madison Dearborn Partners closed its latest flagship buyout fund, Madison Dearborn Capital Partners VIII, at its $5 billion hard cap.
A "massive rotation" into corporate bonds from equities may be on the horizon for U.S. pension funds as they become fully funded.
FTSE Russell launched a government bond index focusing on frontier markets, including bonds with a market cap of more than $400 billion.
The performance of different investment styles and factors diverged by region in May, having performed similarly in the first quarter.
Shamrock Capital closed its latest fund focused on buyout and growth equity investments at its $1 billion hard cap.
Managers predict a year or two of transition for China's tech giants could provide good entry points for foreign institutional investors.
European investors are concerned that inflation might begin to hit their portfolios as Western economies lift COVID-19-related restrictions.
