Pension | Jotup

Global pension assets rebound past USD 55 Trillion

Retrieved on:

Monday, February 26, 2024

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NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Global pensions assets returned to growth in 2023, rising in aggregate by 11% to reach USD 55.7 trillion*, according to WTW’s (NASDAQ: WTW) Thinking Ahead Institute from their latest Global Pension Assets Study .

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NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Global pensions assets returned to growth in 2023, rising in aggregate by 11% to reach USD 55.7 trillion*, according to WTW’s (NASDAQ: WTW) Thinking Ahead Institute from their latest Global Pension Assets Study .
On a related note, actual investment allocations among global pension funds have shifted considerably over the twenty-year history of the study.
Meanwhile, allocation to bonds among global pension funds remains stable at an average of 36% – the same in 2023 as in 2003.
TAI conducted a deeper analysis of this top ‘P7’, now comprising assets of USD 50.8 trillion as of 2023.

OMERS Generates $5.6 billion in Investment Income in 2023

Retrieved on:

Friday, February 23, 2024

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TORONTO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- OMERS, the defined benefit pension plan for broader municipal sector employees in the province of Ontario, generated a 2023 investment return of 4.6%, or $5.6 billion, net of expenses.

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TORONTO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- OMERS, the defined benefit pension plan for broader municipal sector employees in the province of Ontario, generated a 2023 investment return of 4.6%, or $5.6 billion, net of expenses.
Over the past 10 years, OMERS has averaged an annual investment return of 7.3%, net of expenses, adding $66.4 billion to the Plan.
Net assets at December 31, 2023, were $128.6 billion, up from $124.2 billion in 2022, and the Plan reported a smoothed funded status of 97%, up from 95% last year.
“Public equities and fixed income had a strong year and fixed income assets benefitted from higher interest rates.

IRTC INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that iRhythm Technologies, Inc. Investors with Substantial Losses Have Opportunity to Lead Case

Retrieved on:

Tuesday, February 20, 2024

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), the iRhythm class action lawsuit charges iRhythm as well as certain of iRhythm’s top current and former executives with violations of the Securities Exchange Act of 1934.

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), the iRhythm class action lawsuit charges iRhythm as well as certain of iRhythm’s top current and former executives with violations of the Securities Exchange Act of 1934.
CASE ALLEGATIONS: iRhythm is a digital healthcare company that develops and manufactures heart monitoring devices designed to diagnose arrhythmias.
The lead plaintiff can select a law firm of its choice to litigate the iRhythm class action lawsuit.
An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the iRhythm class action lawsuit.

Stonepeak Closes Asia Infrastructure Fund with $3.3 Billion of Commitments

Retrieved on:

Thursday, March 7, 2024

Asset Management, Professional Services, Finance, Pension, Senior, Fund, Simpson Thacher & Bartlett, Insurance, Investment, Renewable energy

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the successful final close of Stonepeak Asia Infrastructure Fund (“the Fund”) with $3.3 billion in total capital commitments.

Key Points:

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the successful final close of Stonepeak Asia Infrastructure Fund (“the Fund”) with $3.3 billion in total capital commitments.
The Fund, representing Stonepeak’s first dedicated Asia strategy, exceeded its target of $3.0 billion having received robust demand from new investors and existing investors in other Stonepeak funds.
The Fund seeks to construct a diversified portfolio of infrastructure assets predominantly within the communications, transport and logistics, and energy sectors.
With the final close of the Fund, Stonepeak’s assets under management total $61.1 billion.1
Simpson Thacher & Bartlett LLP acted as fund counsel.

Aptia Announces Jeff Williams as U.S. President

Retrieved on:

Tuesday, March 5, 2024

New health, benefits, and pensions administrator Aptia today announced the appointment of Jeff Williams as U.S. President and CEO.

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New health, benefits, and pensions administrator Aptia today announced the appointment of Jeff Williams as U.S. President and CEO.
View the full release here: https://www.businesswire.com/news/home/20240305369517/en/
Based out of Aptia’s U.S. headquarters in Boston, Jeff will be responsible for Aptia’s benefits administration services book of business and will report directly to Bala Viswanathan, Aptia Founder & Group CEO.
“We are excited to welcome Jeff to Aptia as he brings a wealth of experience and knowledge in the North American benefits administration industry,” said Viswanathan.
“I am incredibly excited to join Aptia and embark on this journey of growth and innovation,” said Williams.

Ancora Urges Norfolk Southern’s Board to Immediately Replace Current Leadership Following New Train Derailment in Pennsylvania

Retrieved on:

Saturday, March 2, 2024

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Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below statement regarding the Company’s latest derailment.

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Ohio-based Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), which owns a large equity stake in Norfolk Southern Corporation (NYSE: NSC) (“Norfolk Southern” or the “Company”), today issued the below statement regarding the Company’s latest derailment.
As a reminder, we recently announced the nomination of eight highly qualified, independent candidates (the “Investor Slate”) for election to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders.
“We hope the crew and everyone in Lower Saucon Township are unharmed by yet another derailment of a Norfolk Southern train.
Images of diesel-filled locomotives lying on their sides underscore the urgent need to replace the Company’s failed executive leadership and provide this railroad the fresh start it so desperately needs.

Ancora Nominates Four Highly Qualified, Independent Director Candidates and Urges Orderly CEO Succession at Elanco Animal Health

Retrieved on:

Thursday, February 29, 2024

Based on extensive analysis and good faith engagement with Elanco, it appears that the biggest barriers to success are the Company’s insular Board and unaccountable CEO.

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Based on extensive analysis and good faith engagement with Elanco, it appears that the biggest barriers to success are the Company’s insular Board and unaccountable CEO.
Previously served on the Executive Leadership Team of Health for Animals, an organization that focuses on animal health products and animal well-being, and the Nutrition and Technology Innovation Advisory Board of Kiasco Animal Health, an animal health event series that connects innovation and investments.
Mr. Wallace is an experienced animal health and veterinary executive, most recently leading one of the largest animal health companies in the world.
Former Chief Executive Officer (North America/Pacific) of Ceva Santé Animale, the fifth largest animal health company worldwide.

Brevet Capital Names Mei-Li da Silva Vint Chief Commercial Officer

Retrieved on:

Thursday, February 29, 2024

Brevet Capital (“Brevet”), a leading credit investment and specialty finance firm, today announced the appointment of Mei-Li da Silva Vint to Chief Commercial Officer, effective immediately.

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Brevet Capital (“Brevet”), a leading credit investment and specialty finance firm, today announced the appointment of Mei-Li da Silva Vint to Chief Commercial Officer, effective immediately.
Ms. da Silva Vint is a seasoned professional and longtime executive at Brevet, previously serving as the firm’s Chief Compliance Officer and navigating several of its most complex transactions.
With almost two decades of experience executing M&A, private equity, and venture capital transactions, Ms. da Silva Vint possesses a deep expertise within Brevet’s core sectors of focus.
Doug Monticciolo, Chief Executive Officer and Co-Founder of Brevet Capital, commented, “Mei-Li is a seasoned, savvy investment professional with a diverse and unique skillset.

The Standard Hires Albert Maixner as National Accounts Sales Director for Retirement Plans

Retrieved on:

Monday, February 26, 2024

Professional Services, Insurance, Human Resources, Finance, Retirement, Standard, Principal Financial Group, Multimedia, Principal, University, The Standard, NASAA, FINRA, Pension, Financial adviser

The Standard recently hired Albert Maixner as national accounts sales director for Retirement Plans.

Key Points:

The Standard recently hired Albert Maixner as national accounts sales director for Retirement Plans.
View the full release here: https://www.businesswire.com/news/home/20240226844355/en/
Albert Maixner, National Accounts Sales Director for Retirement Plans at The Standard (Photo: Business Wire)
With the significant increase in demand for innovative solutions including pooled employer plans and managed accounts for retirement, Maixner’s role enhances The Standard’s delivery of strategies and tools for advisory firms.
Prior to joining The Standard, he worked in retirement plan sales roles at Principal Financial Group and Prime Pensions.
“Albert is a talented sales leader who built deep relationships within our industry by helping firms and advisors solve problems,” said Patrick Bushlack, director of business development in Retirement Plans at The Standard.

Mill Point Capital Completes Sale of Prime Pensions

Retrieved on:

Monday, February 26, 2024

Small Business, Accounting, Professional Services, Finance, Growth, Proposition, TPA, Sale, Panasonic Executive Partner, Corporate services, Pension, Partnership, Financial adviser

Mill Point Capital LLC (“Mill Point Capital”), a private equity firm focused on control investments in middle-market companies in North America across the Business Services, Industrials and IT Services sectors, announced today a sale of Prime Pensions, LLC (“Prime Pensions” or the “Company”), a leading independent third-party administrator (“TPA”) and provider of retirement plan compliance and administration services.

Key Points:

Mill Point Capital LLC (“Mill Point Capital”), a private equity firm focused on control investments in middle-market companies in North America across the Business Services, Industrials and IT Services sectors, announced today a sale of Prime Pensions, LLC (“Prime Pensions” or the “Company”), a leading independent third-party administrator (“TPA”) and provider of retirement plan compliance and administration services.
“We are incredibly proud of our successful partnership with Scott Feit, Founder and CEO of Prime Pensions, as well as the entire Prime Pensions team over the past few years.
Their dedication to Prime Pensions is evident and we are thrilled to watch the Company’s continued future success,” commented Jenni Main, Executive Partner of Mill Point Capital.
Raymond James acted as the exclusive financial advisor to Mill Point Capital and Prime Pensions.