Aberdeen replaces Bramdean Asset
By Drew Carter November 20, 2009Aberdeen Asset Management is replacing Bramdean Asset Management as manager of Bramdean Alternatives' $183 million in assets, confirmed Jonathan Carr, chairman of the multiasset alternative fund's...
FRR picks 6 to run €4 billion in bonds
By Drew Carter November 20, 2009Fonds de Reserve pour les Retraites, Paris, hired six managers to run a combined €4 billion ($6 billion) in euro-denominated inflation-linked bonds, according to the €28.8 billion...
MassMutual adds Protego, merges real estate managers
By Arleen Jacobius November 19, 2009MassMutual is buying European real estate investment management firm Protego Real Estate Investors and will merge it with MassMutual's two existing real estate groups, Cornerstone Real Estate...
Adolph to lead EMEA transition management
By Thao Hua November 19, 2009Chris Adolph was named Russell Investments' head of transition management for Europe, the Middle East and Africa, according to a news release.Mr. Adolph was formerly director and head of...
Reader's Digest plan trustee challenges reorganization
By Arleen Jacobius November 18, 2009Reader's Digest Association Inc.'s Chapter 11 bankruptcy reorganization is being challenged by a trustee of the company's U.K. pension plan, claiming the company did not disclose that the plan was...
4 countries see boom in LDI use among plans
By Drew Carter November 18, 2009Use of liability-driven investing has picked up sharply among pension funds in the U.S., the U.K., the Netherlands and Canada, according to an SEI Institutional Solutions survey.Fifty-four...
Irish fund's director moves up to lead agency
By Thao Hua November 18, 2009John Corrigan, director of the €20.8 billion ($31.3 billion) National Pensions Reserve Fund, Dublin, was promoted to CEO of the National Treasury Management Agency, which manages the fund,...
SEI picks Canadian institutional sales chief
By Timothy Inklebarger November 17, 2009Michael Chwalka was named head of institutional sales at SEI Investments Canada, confirmed spokesman Daniel Black.He will focus on new business development for Canadian pension plans,...
U.K. agency seeks risk managers
By Thao Hua November 17, 2009Britain’s Asset Protection Agency issued an RFI for “a panel of risk and transaction advisory firms,” which can include money managers, to help manage a portfolio of high-risk debt...
CDC commits to pension ‘buy-in’ with Rothesay Life
By Drew Carter November 17, 2009CDC Pensions Scheme, London, committed its £370 million ($619 million) in assets to a pension “buy-in” with Rothesay Life, CDC spokeswoman Miriam de Lacy confirmed.In the deal, ...
Celestica taps Mercer as fiduciary manager
By Drew Carter November 16, 2009Updated Nov. 17, 2009Celestica (UK) Pension Plan, Manchester, England, hired Mercer to run its entire £100 million ($167 million) in assets in a fiduciary management mandate,...
European pension shortfalls larger than thought, report finds
By Thao Hua November 16, 2009The pension deficits at 430 of Europe's largest public companies could be underestimated by about €300 billion ($449 billion) as of year-end 2008, according to a report by AlphaValue, an...
$500 billion may be pulled from U.S. large caps
By Timothy Inklebarger November 16, 2009As much as $500 billion of U.S. institutional investors' money could flow out of U.S. large-cap equities over the next three to five years and more toward global mandates, according to a recent Bank...
Working the angles: Face to face with Roger Gray
By Thao Hua November 16, 2009The new CIO of USS discusses his plan to boost the pension fund's allocation to hedge funds and other alternative investments, taking cash out of public equities to fund the move to a "more liability-aware stance and a more diversified asset allocation."
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