Sapna Shah was named as a new managing director at Angeles Investment Advisors.
The U.S. pension risk transfer market is expected to see a strong 2021 as corporations take advantage of improved funded status to derisk.
Kudu Investment Management is acquiring a stake in Douglass Winthrop Advisors, which runs mostly high-net-worth assets.
IM Global Partner expanded its U.S. footprint with a 42% non-controlling stake in Asset Preservation Advisors.
Macy's purchased a group annuity contract from an insurance company to transfer $256 million in pension plan assets.
HP Inc. entered into an agreement to purchase a group annuity contract from Prudential to transfer $5.2 billion in U.S. pension plan liabilities.
U.S. public pension funds enjoyed extraordinary returns for the year ended June 30, but the long-term picture remains challenging.
Small-cap strategies chalked up triple-digit returns and exclusively dominated Morningstar's overall top 10 domestic equity rankings.
North Carolina State Investment Fund returned 39.3% for the fiscal year ended June 30, well above the 29.2% benchmark return.
J.P. Morgan Asset Management plans to convert four mutual funds to exchange-traded funds in 2022, pending fund board approval.
L3Harris Technologies purchased a group annuity contract from an insurance company to transfer $169 million in pension plan assets.