Apollo, Athene, Motive Partners Purchase Guaranteed Lifetime Income Solution

Three firms—Apollo Global Management Inc., Athene Annuity and Life Co., and Motive Capital Management LLC—announced the purchase of Advantage Retirement Solutions LLC, a guaranteed lifetime income solutions and technology provider for defined contribution plans.

ARS offers a multi-carrier technology, Lifetime Income Builder, that enables guaranteed lifetime income to fit into defined contribution plans, including directly into target-date-fund products.

The investment in ARS was made by the acquisition of all outstanding shares by a new entity owned by Athene and funds advised by Motive Partners, according to the buyers’ announcement. ARS will continue to operate independently as it seeks to scale its offerings across the DC ecosystem.

The Lifetime Income Builder technology is currently used in the State Street GTC Retirement Income Builder Series, sponsored by Global Trust Co., which is available across several recordkeeping platforms. Lifetime Income Builder includes annuity guarantees backed by multiple insurers within a TDF construct.

Capital Group Launches 8 Active ETF Model Portfolios

Capital Group has launched eight active model portfolios comprising its all-active exchange-traded funds. The launch comes in response to the growing trend of financial professionals seeking active ETF model solutions, according to Capital Group.

The company offers 22 ETFs in the U.S., sold by more than 35,000 financial advisers and composed of more than $53 billion in assets under management.

Details of the full suite of Capital Group ETFs can be found here, along with details on the range of model portfolio solutions here.

Lane42 Investment Partners Launches as Alternative Asset Management Firm

Lane42 Investment Partners LLC announced its launch as an alternative asset management firm focused on pursuing compelling opportunities in both public and private markets across asset classes.

Lane42 intends to provide flexible debt and equity capital solutions to both public and private companies, while also pursuing investments across liquid markets and through multiple market and economic cycles.

The firm was founded by Scott Graves, who will serve as its CEO and CIO. It will be headquartered in Los Angeles, with a presence in New York. Graves brings more than 30 years of experience across public and private credit and equity alternative investment strategies.

TCW Launches Emerging Markets Equity Fund

The TCW Group Inc., a global asset management firm, announced the TCW White Oak Emerging Markets Equity Fund. The fund is an actively managed mutual fund that seeks to provide long-term capital appreciation by investing in a broad range of equity securities from emerging market economies.

The TCW White Oak Emerging Markets Equity Fund is sub-advised by White Oak Capital Partners Pte. Ltd.

The fund invests primarily in a set of emerging markets stocks beyond traditional large-cap companies to include small- and mid-caps. The fund is managed by Prashant Khemka, Manoj Garg and Wen Loong Lim.

Sun Life US Partners With Workday Wellness to Enhance Benefits Offerings

Sun Life U.S., a provider of employee benefits and human resource technology solutions, is now a strategic Workday Wellness partner. Workday Wellness is an AI-powered solution that aims to improve the benefits management experience by offering employers a “real-time view” into the benefits and wellness programs that employees use and value the most.

Sun Life has developed a portfolio of data connection solutions, known as Sun Life Link, which automate benefit data exchanges to and from Sun Life employer clients through the Workday platform. The automation of these tasks aims to free up HR teams so they can focus on the projects and aspects of their job that “really matter to them.”

As a Workday Wellness partner, Sun Life is also developing additional application programming interfaces that enhance connectivity for employers by integrating more employee data for functions that include plan set-up; enrollment and eligibility; absence management; and billing.