P&I Daily Newsletter

Pile of UAE's dirham currency notes.
ALTERNATIVES
BlackRock, Emirates NBD to bring private markets to Middle East's wealthy
DOL headquarters
Regulation
DOL announces enforcement relief on missing participants
Courtroom with gavel and scales of justice.
DEFINED CONTRIBUTION
DOL vs. IRS rules: Courts asked to decide how 401(k) plans can use forfeiture assets
Coins around the base of a small plant on a table with a field behind it.
ESG
People's Pension ramps up ESG expectations of asset managers
Surinder Toor
PENSION FUNDS
University Pension Plan Ontario teams up with Arjun Infrastructure Partners
Photo of
Face to Face
Face to Face: CalPERS CEO Marcie Frost opens up on private credit and, yes, sports teams
The Missouri Capitol and fountain.
PENSION FUNDS
Missouri LAGERS returned 8% in 2023, below benchmark of 10.8%
Larry_Fink_2023_i.jpg
MONEY MANAGEMENT
BlackRock's Larry Fink takes on SVB ripple effect, energy transition in annual letter

Larry Fink issued his widely read annual letter, and said it's "too early to tell" how widespread the damage is from the failure of Silicon Valley Bank.

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WASHINGTON
Congress includes SECURE 2.0 as part of year-end spending bill

Lawmakers introduced a retirement security package known as SECURE 2.0 as part of a $1.7 trillion omnibus spending bill.

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MARKETS
Global markets jolted as Bank of Japan surprises with yield policy change

Bank of Japan Gov. Haruhiko Kuroda shocked global markets by adjusting the central bank's yield curve control program.

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Joe DeNoyior - HUB Retirement
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Japanese exchange
Japanese pension fund proxies bought record foreign stocks in April