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Actuaries think more companies will shift to hybrid plans — survey

Actuaries expect more U.S. corporations to move to hybrid retirement plans following the adoption of the final regulations established by the Pension Protection Act of 2006, said a survey from the...

August 26, 2015 | 02:36 pm
Preqin: Hedge fund assets rise 2.5% in first 6 months of 2015

Preqin: Hedge fund assets rise 2.5% in first 6 months of 2015

Hedge fund industry assets increased 2.5% to $3.2 trillion for the six months ended June 30, new research from Preqin showed in a report released Wednesday.

August 26, 2015 | 02:30 pm
Swedish AP funds form European real estate joint venture with TIAA-CREF

Swedish AP funds form European real estate joint venture with TIAA-CREF

Swedish pension funds AP1 and AP2 joined forces with TIAA-CREF to create a pan-European office investment platform called Cityhold Office Partnership, which intends to build an office portfolio of at ...

August 26, 2015 | 02:13 pm
Parker Hannifin to contribute $278 million to global pension funds

Parker Hannifin to contribute $278 million to global pension funds

Parker Hannifin Corp. plans to contribute $278 million to its global defined benefit plans during its fiscal year 2016 that started July 1, the company announced in its 10-K filing Wednesday.

August 26, 2015 | 01:05 pm

Angelo, Gordon adds head of credit

Joshua S. Baumgarten will join Angelo, Gordon as senior managing director and head of credit.

August 26, 2015 | 08:00 am

University of California at San Francisco Foundation recruits first CIO

David Harkins was named the first chief investment officer for the University of California at San Francisco Foundation.

August 25, 2015 | 04:03 pm

Alameda County retirement fund mulls boosting alternatives

Alameda County Employees' Retirement Association might increase its targets to private equity, alternatives and real estate, and decrease targets to domestic and international equity.

August 25, 2015 | 02:58 pm

U.S. Court of Appeals denies constitutional challenge in SEC administrative court case

A constitutional challenge to the Securities and Exchange Commission’s use of administrative proceedings in enforcement cases was rebuffed Monday by a three-judge panel in the 7th U.S. Circuit...

August 25, 2015 | 04:00 pm
Kentucky teachers allege federal constitutional violation in lawsuit against pension fund

Kentucky teachers allege federal constitutional violation in lawsuit against pension fund

Current and retired Kentucky school teachers filed a lawsuit against the Kentucky Teachers’ Retirement System, charging the Frankfort-based system with failing to adequately address its...

August 25, 2015 | 03:55 pm

Spokane Employees conducting invitation-only international small-cap search

Spokane (Wash.) Employees’ Retirement System is conducting an invitation-only search for an active international small-cap equity manager.

August 25, 2015 | 03:45 pm

Puerto Rico asks Supreme Court to allow bankruptcy protection

The Commonwealth of Puerto Rico asked the U.S. Supreme Court to allow it to take advantage of bankruptcy protection while restructuring $20 billion in public utility debt.

August 25, 2015 | 03:24 pm

Royal London Asset Management hires head of institutional business

John Burke was appointed head of institutional at Royal London Asset Management.

August 25, 2015 | 02:54 pm

Prudential taps head of product development for total retirement solutions unit

Snezana Zlatar was named senior vice president and head of product development for the total retirement solutions business of Prudential Retirement, a unit of Prudential Financial.

August 25, 2015 | 02:01 pm
Denmark's ATP gains 12% in first 6 months of 2015

Denmark's ATP gains 12% in first 6 months of 2015

Danish pension fund ATP returned 12%, or 11.5 billion Danish kroner ($1.71 billion), on its investments in the six months ended June 30.

August 25, 2015 | 01:46 pm
Newell Rubbermaid makes second lump-sum offer

Newell Rubbermaid makes second lump-sum offer

Newell Rubbermaid Inc. announced in an SEC filing on Monday it will send a lump-sum offer to about 3,300 former employees who have vested in the company's pension plan but who have yet to retire.

August 25, 2015 | 11:16 am