Matthew Toledo

New Jersey

Financial Markets and Institutional Investing Reporter at CIO U.S.

Reporter at Chief Investment Officer

@QuinnipiacU alum | Reporter covering asset owners, institutional investing and financial markets at @ChiefInvOfficer @ISS_Mkt_Intel signal: Mtoledo99.85

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Articles

UK treasury provides guidance on local pension consolidation

1 week ago | financialstandard.com.au | Matthew Toledo

In the UK, there are 86 local government pension schemes (LGPS) and more than a dozen multi-employer defined contribution pension funds that collectively manage $822 billion (£392bn) in assets. The ruling Labour Party's Treasury wants to consolidate the LGPS funds from 86 to six "megafunds" to scale their investments.
DOJ, FTC State Position in ESG-Related Coal Suit Against Largest Asset Managers

1 week ago | planadviser.com | Matthew Toledo

On Thursday, the Department of Justice and the U.S. Federal Trade Commission filed a statement of interest supporting a complaint which alleges BlackRock, Vanguard and State Street conspired to suppress the coal market. In November 2024, 13 state attorneys general, led by Texas Attorney General Ken Paxton, filed a complaint, Texas et. al. v.
Insurance AUM Reaches $4.5T in 2024, Tripling in Past Decade

2 weeks ago | planadviser.com | Matthew Toledo

Unaffiliated general account insurance assets—assets managed by third parties for insurers—rose to $4.5 trillion at the end of 2024, tripling over the past decade, as insurers increasingly rely on external managers. The findings were reported in Clearwater Analytics’ “2025 Insurance Investment Outsourcing Report,” released Wednesday. Third-party insurance AUM stood at $1.7 trillion in 2015, according to the report.
Proposals against ESG, DEI to increase: Proxy advisor

3 weeks ago | fssustainability.com.au | Matthew Toledo

As market participants prepare for the 2025 proxy voting season in the US, corporate consultant ISS-Corporate, in a March report, predicted that boards will have to deal with increasingly conflicting demands from stakeholders and even more oversight responsibilities than they already had.
Latest Equity Investment Values Hub International at $29 Billion

3 weeks ago | planadviser.com | Matthew Toledo

Financial services firm Hub International Ltd. was valued at $29 billion for a $1.6 billion equity investment led by T. Rowe Price Investment Management Inc., multi-asset investment manager Alpha Wave Global L.P. and Singapore-based, state-owned Temasek Holdings Ltd, with participation from new, unspecified investors. The transaction is set to close in May.
Industry Anticipates SEC Approval of Dual Share Class ETF Offerings

1 month ago | planadviser.com | Matthew Toledo

Most exchange traded fund issuers say they expect active and passive mutual funds adding ETF share classes to be approved and 93% of standing applicants have requested exemptive relief for dual-share-class structure in their filings through December 2024, according to the inaugural edition of Cerulli Edge—U.S. Product Development Edition.
ETFs See Lowest Inflows in a Year

1 month ago | planadviser.com | Matthew Toledo

Exchange-traded funds saw $62 billion in inflows during April, the lowest total since April 2024, according to State Street’s monthly U.S.-listed ETF flash flow report. “Inflows were also below recent averages, putting our $1.3 trillion full-year forecast in jeopardy,” the report stated. April was a volatile month for stocks, although the month’s drawdown was mostly regained when indexes recovered near the month’s end.
PRT Costs Rise in March, while Volumes Fall

1 month ago | ai-cio.com | Matthew Toledo

Pension risk transfer transactions became slightly more expensive to complete in March, largely due to shifts in tariff policy and economic volatility. According to Milliman, the cost to offload corporate pension plan liabilities to an insurer through a PRT transaction rose to 102.5% of a plan's liabilities in March, up from 101.7% in February. Milliman also estimated the average annuity purchase cost rose to 104.3% at the end of March, up from 101.7% in February.
Cbus CIO Brett Chatfield Steps Down

1 month ago | ai-cio.com | Matthew Toledo

The CIO of Australia's Cbus superannuation fund, Brett Chatfield, will leave the AUD 100 billion ($64 billion) fund to take on an opportunity outside of industry superannuation, as his replacement is named. Chatfield will exit the fund he's been with for more than a decade to commence as chief investment officer of a large family office, after completing a transition to incoming CIO Leigh Gavin. Chatfield was a CIO 2018 NextGen and 40 under Forty Honoree.
2024 Global Asset Management AUM Grows to $128T

1 month ago | planadviser.com | Matthew Toledo

Global assets under management by firms in the asset management industry grew by 12% in 2024 to reach $128 trillion, according to the Boston Consulting Group’s 2025 global asset management report, “From Recovery to Reinvention.”Market performance was a key driver of growth in 2024, contributing to 70% of the industry $58 billion in revenue growth. Net inflows accounted for 30% of global revenues, as managers shifted to offering lower-priced products and were affected by fee compression.