Latest News

CalPERS fires back against bill requiring liability calculations on Treasury rates

LEGISLATION

LEGISLATION

CalPERS officials have sent a letter of concern on a bill that would require pension plans to disclose their liabilities based on Treasury rates.

PENSION FUNDS

PENSION FUNDS

Marten Lindeborg, chief investment officer and deputy CEO of AP3, Stockholm, died following a short illness.
Stocks fall short for week, 10-year Treasury yield slides

Markets

Markets

Stocks sold off worldwide Friday, as U.S. equities erased what would've been a sixth weekly gain as Turkey's economic crisis deepened.
Teradyne moves $151 million in pension liabilities to insurer

Risk Management

Risk Management

Teradyne purchased a group annuity contract from an insurance company to transfer about $151 million in pension plan liabilities.
GAM to shut down absolute-return bond funds following suspension of director

Money Management

Money Management

GAM Investments is liquidating a number of absolute-return bond funds more than a week after the business unit head for absolute return strategies was suspended.
8 companies disclosing efforts to end gender discrimination in pay, New York City comptroller says

ESG

ESG

Eight companies agreed to disclose information on how they identify, and will eliminate, gender discrimination in pay.
Active management not going away, traders say in TABB Group report

INVESTING

INVESTING

Most head traders at money management firms think active and passive equity investments both will be part of institutional portfolios.
PLSA agrees with FCA decumulation strategies for retirees

Defined Contribution

Defined Contribution

The U.K. PLSA endorsed decumulation pathways that will allow DC participants to draw down assets without financial advice.
Canada Pension returns 1.8% for quarter

Pension Funds

Pension Funds

Canada Pension Plan returned a nominal 1.8% net of fees in the quarter ended June 30, helping to increase its assets to C$366.6 billion.
Sale of OppenheimerFunds considered by MassMutual

MONEY MANAGEMENT

MONEY MANAGEMENT

Massachusetts Mutual Life Insurance is weighing a sale of OppenheimerFunds, which could fetch at least $5 billion.
Arnott cedes CEO title at Research Affiliates

MONEY MANAGEMENT

MONEY MANAGEMENT

Rob Arnott, founder of smart beta manager Research Affiliates, is relinquishing his CEO duties but remains chairman of the firm.
Chief of 2 Cook County funds to step down

Pension Funds

Pension Funds

Nickol Hackett, executive director and chief investment officer of two Cook County, Ill., retirement funds, plans to step down.
GPIF should buy more junk bonds – ex-Fed economist

Pension Funds

Pension Funds

A former senior economist at the Federal Reserve suggests that the world's largest pension fund should step out of its comfort zone.

Alternatives

Alternatives

Kevin Campbell, managing director, private markets, and Eric Wilcomes, director, portfolio manager at DuPont Capital Management have left the firm.
More businesses to qualify for 20% tax reduction under Treasury pass-through guidelines

Regulation

Regulation

The Treasury Department proposed regulations that detail which companies are eligible to receive a 20% tax deduction as pass-through entities.