£1bn a year of costs could be saved through consolidation and better governance.
The Dept of Labor rescinded guidance directing retirement plan fiduciaries to exercise “extreme care.”
Firm aligns with Apollo, Franklin Templeton, Goldman Sachs, Neuberger Berman, PIMCO, Partners Group and Sagar.
Private assets can help customers achieve good outcomes in retirement.
Nearly all, 86%, of portfolios contain private assets.
Assets have returned to growth in 2023 after a fall of 8.7% in 2022.
This aims to stem the rise in legal and regulatory cases relating to securities lending in recent years.
This is one of the largest corporate pension outsourced chief investment officer mandates.
The pension fund's deputy CIO will replace Christopher J. Ailman, who is retiring.
