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DuPont to contribute $230 million to U.S. pension plan

DuPont to contribute $230 million to U.S. pension plan

E.I. du Pont de Nemours & Co., Wilmington, Del., plans to contribute $230 million to its principal U.S. pension plan in 2016, the company announced in its 10-K filing Thursday.

February 05, 2016 | 03:46 pm
New York City mayor calls for creating private-sector retirement plan

New York City mayor calls for creating private-sector retirement plan

New York City Mayor Bill de Blasio said he will present legislation to the New York City Council that would create a retirement plan for workers in businesses whose employers lack a retirement plan.

February 05, 2016 | 03:37 pm
Arizona Senate passes bill to reduce COLA for public safety pension fund

Arizona Senate passes bill to reduce COLA for public safety pension fund

The Arizona Senate on Thursday unanimously approved a bill that would change the cost-of-living adjustments for participants in the $8 billion Arizona Public Safety Personnel Retirement System,...

February 05, 2016 | 03:32 pm

West Virginia trims 2 hedge fund allocations

West Virginia Investment Management Board, Charleston, trimmed two hedge fund manager allocations, said the $13 billion pension fund’s latest financial statement as of Dec. 31.

February 05, 2016 | 03:31 pm

Bank of Japan roils money market industry as Nomura halts fund orders

Nomura Asset Management Co. stopped accepting investments into some money market funds, joining 10 other managers in suspending such accounts as the $14.1 billion industry grapples with the negative...

February 05, 2016 | 11:32 am

Star Mountain Capital hires new president

Robert W. Long was named president of small- and middle-market private equity firm Star Mountain Capital, Mr. Long said.

February 05, 2016 | 11:27 am
South Carolina revamps asset allocation, adding new strategies

South Carolina revamps asset allocation, adding new strategies

South Carolina Retirement System Investment Commission made major changes to the asset allocation of the $28.2 billion South Carolina Retirement Systems at a board meeting Thursday.

February 04, 2016 | 04:28 pm

ATP returns 17.2% in 2015, unveils new risk-factor asset allocation

ATP, Hilleroed, Denmark, returned 17.2%, or 16.5 billion Danish kroner ($2.4 billion), on its investment portfolio in 2015, buoyed by strong returns from its Danish equity allocation.

February 04, 2016 | 04:10 pm

Mesirow to acquire Fiduciary Management Associates, boosting equity capabilities

Mesirow Financial is acquiring money manager Fiduciary Management Associates in a transaction that is expected to close on March 31, said Mesirow spokeswoman Debbie Krieps.

February 04, 2016 | 02:54 pm

Northern Trust: Institutional investor returns rebound in quarter, but flat for 2015

Institutional asset owners in the Northern Trust Universe returned a median 2% in the fourth quarter, up from -4.6% in the third quarter, said data released Thursday.

February 04, 2016 | 02:45 pm
OM Asset Management AUM up 2% in quarter

OM Asset Management AUM up 2% in quarter

OM Asset Management reported $212.4 billion in assets under management as of Dec. 31, up 1.8% from Sept. 30 but down 3.8% from a year earlier, said OMAM’s earnings statement released Thursday.

February 04, 2016 | 01:19 pm

Ohio Bureau of Workers’ Compensation adds $225 million to core real estate

Ohio Bureau of Workers’ Compensation, Columbus, made follow-on commitments totaling $225 million to five open-end core commingled real estate funds in its $23 billion state insurance fund, said ...

February 04, 2016 | 12:00 pm

Standard Life Investments appoints ESG head

Euan Stirling was named head of stewardship and environmental, social and governance investment at Standard Life Investments, said a spokeswoman.

February 04, 2016 | 11:52 am

Cohen & Steers names EMEA head of institutional sales

Marc Haynes joined Cohen & Steers as head of institutional sales and client service for Europe, the Middle East and Africa, said Stephen Dunn, executive vice president, global...

February 04, 2016 | 11:42 am
China expands QFII program

China expands QFII program

China on Thursday announced an expansion of its qualified foreign institutional investor program, aimed at providing overseas asset owners and money managers with broader access to the...

February 04, 2016 | 11:04 am