State Street fund universe gains 3.1% in Q4, 19.4% in 2009
By Timothy Inklebarger February 8, 2010The median return in the State Street Universe rose 3.1% in the fourth quarter and 19.4% in 2009, confirmed State Street spokeswoman Alicia Curran Sweeney.The year-over-year increase follows a...
The P&I 1,000: audio version
February 8, 2010In this podcast, Peter Austin, executive director of BNY Mellon Pension Services, and Jeff Schutes, Worldwide Partner and U.S. investment consulting leader at Mercer take a deep dive into the P&I 1,000.
Illinois mulls ban on funds' non-public derivative investments
By Barry B. Burr February 8, 2010An Illinois bill would ban the state's public pension funds from any investments that trade derivatives in non-public markets and would require divestment of any such existing derivative investment...
California bill would register placement agents
By Randy Diamond February 8, 2010Legislation requiring placement agents to register as lobbyists before contacting California public pension funds was introduced today in the state Assembly.The bill was introduced by Democratic...
Employers less confident in workers’ ability to retire
By Robert Steyer February 8, 2010Fifty-four percent of employers surveyed by Hewitt Associates are confident about employees’ ability to retire with “sufficient retirement assets,” down from 66% in a similar survey ...
DIA to be DC provider for Urban Land Institute
By Robert Steyer February 8, 2010Urban Land Institute, Washington, hired Diversified Investment Advisors as bundled provider of its 401(k) and 403(b) plans, with a combined $8 million in assets.Diversified spokeswoman...
MBIA creates Cutwater as separate bond unit
By Douglas Appell February 8, 2010MBIA restructured its fixed-income asset management business as a separate operating company, renaming it Cutwater Asset Management, according to an MBIA news release.Greater financial and...
Florida votes against management almost 1 out of 3 times
By Barry B. Burr February 8, 2010Florida State Board of Administration, Tallahassee, voted 31.1% against management in more than 29,000 proxy-voting issues at 3,383 public companies in the year ended June 30, according to the...
Pension plans' hedge fund allocation
By Aaron Cunningham February 8, 2010Pension plans' hedge fund allocation by style
Markstone, Wetherly settle with New York over pay-to-play probe
By Christine Williamson February 8, 2010Markstone Capital Group and Wetherly Capital Group agreed to return $18 million and $1 million, respectively, to the New York State Common Retirement Fund, Albany, to settle an investigation by New...
Sluggish start to year for S&P 1500 plans’ funded ratio
By Timothy Inklebarger February 8, 2010The average funded ratio of S&P 1500 companies’ pension plans was 83% in January, down a percentage point from a month earlier, mainly a result of the decline in equity markets during the month,...
Murphy added to Korn/Ferry recruitment team
By Douglas Appell February 8, 2010John Murphy was named a managing director for the asset and wealth management sector of executive recruiter Korn/Ferry International’s global financial markets business, a spokesman...
Merseyside puts out call for 3 equity mandates
By Drew Carter February 8, 2010Merseyside Pension Fund, Liverpool, England, is searching for at least three active equity managers to run a combined £500 million ($781 million), a spokesman for the £4.3 billion fund confirmed....
Northern Trust to run TIPS for SURS in interim
By Barry B. Burr February 8, 2010Illinois State Universities Retirement System, Champaign, hired Northern Trust Global Investments to manage $175 million in TIPS on a temporary basis, said Daniel L. Allen, chief investment...
Latest News
- State Street fund universe gains 3.1% in Q4, 19.4% in 2009
- Illinois mulls ban on funds' non-public derivative investments
- Employers less confident in workers’ ability to retire
- MBIA creates Cutwater as separate bond unit
- Florida votes against management almost 1 out of 3 times
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