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

Athene Names CEO and Several Senior Promotions

1 week ago | planadviser.com | Matthew Toledo

Retirement services provider and insurer Athene Annuity and Life Co. announced Monday several senior promotions amidst a push to double the firm’s assets under management by 2029. Grant Kvalheim, who had been president and CEO of Athene USA, was named as CEO of Athene. Kvalheim will succeed Jim Belardi, the firm’s co-founder, CEO and CIO, effective July 1. Belardi’s new title will be executive chair, and he will continue to serve as the firm’s CIO.
Franklin Templeton to Acquire Private Credit Manager Apera

3 weeks ago | planadviser.com | Matthew Toledo

Franklin Templeton announced Wednesday that it has entered into an agreement to acquire Apera Asset Management LLP, a U.K.-based lower-middle market private credit manager. The acquisition will expand Franklin Templeton’s alternatives platform and its direct lending capabilities in the European lower-middle market, specifically targeting Western Europe, according to a statement from Franklin Templeton.
UK treasury provides guidance on local pension consolidation

4 weeks 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 month 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

1 month 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

1 month 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

1 month 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.