Courts should ensure fiduciaries are judged on their decision-making process, not on hindsight performance.
Public equity index services were last solicited in 2017.
U.S. Department of Labor has proposed that retirement plans should have access to private markets.
The U.S. Department of Labor’s Employee Benefits Security Administration issued the proposed regulation.
Apollo wants to bring private market solutions to retirement plans in the US & Europe.
15% to 20% of plans will have an allocation to private markets by 2035.
PME's equity portfolio will be managed by two asset managers instead of three.
The firms will also partner on insurance asset management.
Lander said they had inadequate decarbonization plans.
