Ventura County (Calif.) Employees’ Retirement Association posted a preliminary net return of 11.8% for the fiscal year ended June 30.

Institutional investors are making tactical portfolio changes in response to Trump’s trade, tariff policies.

Franklin Electric Co., Fort Wayne, Ind., purchased a group annuity contract from Prudential Life Insurance Co. to transfer about $30 million in U.S. pension plan liabilities.

The Labor Department’s Employee Benefits Security Administration advised small businesses interested in such plans to ask about fiduciary liability.

The greatest benefit arising from the trade deal agreement between the U.S. and the European Union is the removal of uncertainties, asset managers said.