The retirement funds of the top 100 U.S. public companies, with combined assets of about $1.8 trillion, have ratcheted up their fixed-income allocations to a record level.
With pooled provider options slow to develop, some industry participants are cautious about PEPs’ prospects.
The investment firms are buying the company from backers including Genstar Capital, Aquiline Capital Partners and Atlas Merchant Capital.
The giant contracts recently signed by these two young MLB stars can act as a teaching moment for "normal" clients.