Fiscal 2021 was a record year for the Massachusetts state pension fund, which closed the one-year period ending June 30 with the highest return in its history and invested assets that swelled to a record $95.7 billion.
Cetera announced today that Brumbaugh Wealth Management, a Pennsylvania-based wealth management firm with more than $300 million in assets under management, is affiliating with Cetera Advisor Networks through a relationship with AdvisorNet Financial.
The main organization representing European pension funds says it’s still not clear how the industry should balance financial returns against a desire to do more environmental and social investing.
Japan’s Government Pension Investment Fund made a record cut to the weighting of Treasuries in its portfolio last fiscal year as the world’s safest asset led a global debt selloff.
Allianz SE warned of a potentially material hit to its earnings after the U.S. Justice Department opened a probe into its Structured Alpha Funds, which are at the center of lawsuits in the wake of steep losses during the pandemic.