Investcorp announced its strategic capital group has taken a minority stake in credit specialist Marblegate Asset Management.
A fund that holds $5.1 billion in endowment assets for the University of North Carolina at Chapel Hill reported a return of 42.3%.
John D. and Catherine T. MacArthur Foundation announced plans to divest from fossil fuels.
U.S. Bancorp has entered into an agreement to acquire MUFG Union Bank, bringing together a potential $23.1 billion in retirement plan assets.
Pension risk transfer premiums fell for the second month in a row in August, according to a study by Milliman.
Washington University in St. Louis reported its $15.3 billion managed endowment pool returned 65% for the fiscal year ended June 30.
The U.S. pension risk transfer market is expected to see a strong 2021 as corporations take advantage of improved funded status to derisk.
Jamie Damon was named senior director at money manager First Sentier Investors.
Kudu Investment Management is acquiring a stake in Douglass Winthrop Advisors, which runs mostly high-net-worth assets.
U.S. corporate pension plan buyout sales totaled $5 billion in the second quarter, well above the $1 billion in activity in the first quarter.