North Carolina eyes in-state private equity investment
By Doug Halonen November 19, 2009North Carolina Retirement Systems, Raleigh, issued an RFP for a private equity manager to run up to $250 million in an economically targeted fund for “investment opportunities with significant...
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...
Managers contest change in oversight
By Doug Halonen November 16, 2009Money managers are fighting legislation that would — for the first time — subject the roughly 4,000 firms associated with broker-dealers to regulation by the Financial Industry Regulatory Authority.
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,...
MassMutual forges deal with Ironworkers district
By Timothy Inklebarger November 16, 2009Ironworkers District Council of Southern Ohio & Vicinity Annuity Trust, Vandalia, Ohio, hired MassMutual Retirement Services as bundled service provider of its $243 million Taft-Hartley...
Nestle picks Northern Trust for global custody
By Thao Hua November 16, 2009Nestle Capital Advisers hired Northern Trust to provide global custody for two cross-border pooled funds it runs, according to NCA CEO Jean-Pierre Steiner.NCA — Nestle’s...
Hermes' latest boutique marks firm's push to gain U.S. clients
By Drew Carter November 16, 2009Hermes Fund Managers has lifted out a six-member global equity team from Fortis Investments in Boston as part of a bid to attract U.S. institutional clients.
Bonuses down for 2009 despite market jump
By Barry B. Burr November 16, 2009Incentive pay for traditional money management, hedge funds and private equity will fall on average 15% to 25% below 2008 levels, even with the market rebound and a stabilizing investment industry, compensation consultant Johnson Associates Inc. predicts.
Supreme Court hints at ruling about money manager fees
November 16, 2009The U.S. Supreme Court signaled it might require money managers to justify charging retail mutual fund customers dramatically more than institutional investors in similar separate-account strategies.
Battle for advisers
November 16, 2009The oversight of money managers is veering off course in the proposals for the restructuring of regulation to allow the dots to be connected more easily during a budding financial crisis as well as uncover at individual firms specific violations or troubles putting investors at risk.
Inaccuracies, wrong comparisons, typos dent value of reports from managers to clients
By Timothy Inklebarger November 13, 2009Fewer than half of executives of large pension funds, endowments and foundations are “very satisfied” with the client reports from their asset managers, a new survey says.
Pictet taps MetWest as subadviser
By Douglas Appell November 12, 2009Pictet & Co. hired Metropolitan West Asset Management to subadvise a U.S. high-yield mutual fund for European investors, a Pictet spokeswoman confirmed. In a statement issued today, MetWest...
Chicago Teachers issues manager-of-managers RFP
By Barry B. Burr November 11, 2009Chicago Public School Teachers’ Pension and Retirement Fund is searching for a firm to run a $90 million to $150 million manager-of-managers program in international equity.The managers in...
Mn nears obtaining its first U.K. client
By Thao Hua November 11, 2009Macmillan Cancer Support Pension Scheme, London, is close to hiring Mn Services as fiduciary manager of the £20 million ($33 million) fund, according to Sarah Smart, chairwoman of the...
Loading...
