Search activity for the first quarter of 2023 increased by 10.5% from the prior quarter. Hiring activity jumped to $69 billion from $56.1 billion the previous quarter, mostly due to moderate and sharp increases in traditional and OCIO hires, excluding a $41.8 billion OCIO mandate awarded by Teamsters Central States, Southeast & Southwest Areas Pension Fund to BlackRock.
A government watchdog said the PBGC did not have sufficient procedures to ensure timely delivery of accurate Special Financial Assistance funding to eligible plans.
The U.S. Court of Appeals for the Seventh Circuit recently ruled that Central States, Southeast and Southwest Areas Pension Fund may continue its lawsuit against Transervice Logistics,.
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