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P&I announces 2015 Eddy Award winners

P&I announces 2015 Eddy Award winners

Thirty-nine defined contribution plan education campaigns on Monday won Eddy Awards, the annual recognition by Pensions & Investments of best practices by defined contribution plans in...

March 02, 2015 | 01:11 pm

U.K. corporate pension funding levels rebound in February on falling liabilities

The aggregate deficit of U.K. corporate pension funds improved 11.8% to £255 billion ($392.4 billion) for the month ended Feb. 28, but increased 62% over the past 12 months.

March 02, 2015 | 12:19 pm
South Korea's NPS sets initial 0.5% hedge fund-of-funds allocation

South Korea's NPS sets initial 0.5% hedge fund-of-funds allocation

South Korea's National Pension Service will make its first allocations to hedge funds starting at the end of this year, said a spokeswoman for the 469 trillion won ($426 billion) Seoul-based pension...

March 02, 2015 | 03:33 am

Norges Bank adds $1 billion in China QFII quota, lifting total to $2.5 billion

China’s State Administration of Foreign Exchange awarded Norges Bank Investment Management an additional $1 billion in quota capacity to invest in China’s domestic capital markets under...

February 28, 2015 | 06:52 am
Knights of Columbus forms money manager, targets Catholic institutional investors

Knights of Columbus forms money manager, targets Catholic institutional investors

Knights of Columbus, a New Haven, Conn.-based Catholic fraternal service organization, launched a money management company that caters to Catholic institutional investors.

February 27, 2015 | 02:06 pm
Moody's downgrades Chicago's credit rating on pension liability concerns

Moody's downgrades Chicago's credit rating on pension liability concerns

Moody's Investors Service downgraded Chicago's credit rating to Baa2 on Friday, citing concerns over the city's “highly elevated” unfunded pension liabilities.

February 27, 2015 | 04:03 pm

Kansas Senate passes bill to issue $1 billion in pension obligation bonds

The Kansas Senate passed a bill to issue $1 billion in pension obligation bonds to improve the funding of the Kansas Public Employees Retirement System.

February 27, 2015 | 04:37 pm

Exelis to contribute up to $185 million to pension fund in 2015

Exelis Inc. expects to contribute between $175 million and $185 million to its $4.56 billion defined benefit plan in 2015, its latest 10-K filing shows.

February 27, 2015 | 04:25 pm

Ontario Municipal Employees returns 10% in 2014

Ontario Municipal Employees Retirement System returned a net 10% in 2014 vs. a net 6% return a year earlier.

February 27, 2015 | 03:51 pm

Angolan sovereign wealth fund seeks mine, timber investments

Angola's $5 billion sovereign wealth fund, Fundo Soberano de Angola, is seeking investments in mining, timber, health and agriculture in order to diversify its asset base and increase returns.

February 27, 2015 | 03:08 pm

OM Asset Management's AUM up 3.3% in quarter, 11.1% for year

OM Asset Management reported $220.8 billion in assets under management as of Dec. 31, up 3.3% from Sept. 30 and up 11.1% from Dec. 31, 2013.

February 27, 2015 | 02:34 pm

BlackRock hires head of EMEA hedge fund strategies

Luke Dixon joined BlackRock as head of Europe, Middle East and Africa hedge fund investment strategies.

February 27, 2015 | 01:54 pm

Japan’s GPIF posts 5.2% gain for quarter as equity allocations increase

Japan’s Government Pension Investment Fund reported a 5.2% investment gain to ¥137 trillion ($1.15 trillion) for the Tokyo-based pension fund’s fiscal third quarter ended Dec. 31.

February 27, 2015 | 01:51 pm
NYC comptroller announces group to study retirement plan for private-sector employees

NYC comptroller announces group to study retirement plan for private-sector employees

New York City Comptroller Scott Stringer on Friday identified the members of a retirement security study group who will study ways to provide retirement security to New York City residents who lack...

February 27, 2015 | 01:37 pm

Chicago Metropolitan Water fund names 4 finalists for global bond search

Chicago Metropolitan Water Reclamation District Retirement Fund named four finalists in its search for active global fixed-income managers to run $50 million each.

February 27, 2015 | 12:33 pm