Truist Financial Corp. made a discretionary contribution of $387 million to its qualified pension plan during the first quarter of 2021.
ESG investments saw strong performance and inflows in 2020 and are expected to be a key driver of growth for money managers in 2021.
Daniel McHale was named director of client service and business development at Praesidium Investment Management, a new position at the firm.
Jeff Doran was named head of investor relations at Spark Capital, tasked with building and overseeing the firm's investor relations team.
Results from a pair industrywide surveys show the investment management industry is far from racial and gender parity, despite efforts.
Kristen Eshak Weldon was named global head of ESG and impact investing at Partners Capital.
Aon PLC expects to contribute about $95 million, $8 million and $19 million to its U.S., U.K. and other major pension plans, respectively.
Eversource Energy expects to make contributions totaling $130 million to its pension plans in 2021.
Plans in the BNY Mellon U.S. Master Trust Universe returned a median 9.4% for three months and 13.2% for the year ended Dec. 31.
British Columbia Investment Management Corp. announced plans to allocate $4 billion to sustainability bonds over the next five years.
Howmet Aerospace expects to contribute $140 million to is defined benefit plans, $130 million of which will be for its U.S. plans.
U.S. educational endowments saw average returns drop to 1.8% in fiscal year 2020, down from 5.3% in the year earlier.
Fresno County Employees' Retirement Association, agreed to increase by $50 million its allocation to IFM Investors' infrastructure strategy.
Several Austin, Texas-based pension systems have either closed offices or canceled scheduled board meetings due to severe weather.
General Motors agreed to pay $5.8 million to settle claims that it made false statements to investors, which included CalPERS and CalSTRS.
Theresa McLaughlin was named global chief marketing officer at State Street Corp., replacing Hannah Grove.
Principal Financial Group is considering making voluntary contributions of up to $100 million to its defined benefit plans in 2021.
Ball Corp. expects to contribute $185 million to its defined benefit plans in 2021, $157 million of which was paid in January.
Pennsylvania State Employees' Retirement System posted a net return of 11.1% for the year ended Dec. 31.
ConocoPhillips Co. expects to contribute about $340 million to its global defined benefit plans in 2021.