Latest News

Schroders splits multiasset business following departure

Schroders is creating two separate investment teams within its multiasset investments and portfolio solutions business, following a decision by the head of that business to leave.

June 23, 2016 | 08:33 am
Fiduciary rule survives House override vote

Fiduciary rule survives House override vote

A vote in the U.S. House of Representatives late Wednesday to block the Department of Labor’s new fiduciary rule fell short.

June 23, 2016 | 01:38 pm

CPPIB names new heads of international, Asia

Alain Carrier, managing director and head of Europe with the Canada Pension Plan Investment Board, was promoted to senior managing director and head of international, the C$278.9 billion ($215.5...

June 23, 2016 | 03:14 am
McKinsey: Large pension, sovereign wealth funds looking more at portfolio construction

McKinsey: Large pension, sovereign wealth funds looking more at portfolio construction

The vast majority of executives at large pension and sovereign wealth funds plan to focus more on portfolio construction over the next five years rather than simply chasing alpha. The majority also...

June 22, 2016 | 08:00 am

Rhode Island Employees' Retirement System chooses interim CIO

Tim Nguyen was named interim chief investment officer for the $8.3 billion Rhode Island Employees' Retirement System, Providence.

June 22, 2016 | 12:31 pm
Aegon Asset Management US appoints Gary Black as new CEO

Aegon Asset Management US appoints Gary Black as new CEO

Gary Black was named CEO of Aegon Asset Management US.

June 22, 2016 | 02:23 pm

Private Advisors shuttering commingled low-volatility hedge fund; leader departs

Private Advisors is closing its commingled low-volatility hedge fund of funds with roughly $1 billion in assets and returning money to investors.

June 22, 2016 | 06:15 pm

Cbus adds senior equities analyst in buildup of internal capabilities

Ramanan Sooriyakumar joined the investment strategy team of Cbus Super, the A$33 billion superannuation fund for Australia's construction industry, as a senior equities research analyst.

June 22, 2016 | 04:32 am

Puerto Rico Catholic Schools participants sue over termination, church plan exemption

The Superintendence of Catholic Schools of the Archdioceses of San Juan is being sued by past and current participants in its pension plan for terminating the plan in violation of the Employee...

June 22, 2016 | 04:02 pm
PPF warns of risks in U.K. government's efforts to save British Steel Pension Scheme

PPF warns of risks in U.K. government's efforts to save British Steel Pension Scheme

The Pension Protection Fund, London, has warned that two of the options proposed by the U.K. government to save the British Steel Pension Scheme, London, pose “significant risks for relatively...

June 22, 2016 | 03:30 pm
Kentucky Retirement Systems ousted chairman, attorney general sue governor

Kentucky Retirement Systems ousted chairman, attorney general sue governor

Thomas K. Elliott, ousted chairman of the Kentucky Retirement Systems Board of Trustees, state Attorney General Andy Beshear and another KRS trustee are suing Kentucky Gov. Matt Bevin over the...

June 22, 2016 | 02:33 pm
Blackstone acquires minority stake in Marathon Asset Management

Blackstone acquires minority stake in Marathon Asset Management

Blackstone Group bought a minority stake in Marathon Asset Management, a move that will provide the $12.8 billion hedge fund firm with permanent capital and help it to grow.

June 22, 2016 | 10:27 am

FSB proposes changes to address structural vulnerabilities in money management

The Financial Stability Board has published proposals to address structural vulnerabilities in money management activities, setting out 14 policy recommendations.

June 22, 2016 | 11:48 am

Denmark's PFA preparing for a European debt bubble

Denmark's biggest commercial pension fund, PFA, says Europe's debt market is in the grip of a bubble and is avoiding bonds from the region ahead of Britain's June 23 vote on European Union membership.

June 22, 2016 | 12:27 pm

Univest global CIO joins ranks of The 300 Club

Mark Walker — global chief investment officer and managing director of the €30 billion ($33.7 billion) Univest Co. BV, Unilever's Rotterdam-based internal pension investment organization...

June 22, 2016 | 12:20 pm