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AP3 returns 1.4% in first half of 2016, works toward greener portfolio

AP3 returns 1.4% in first half of 2016, works toward greener portfolio

AP3 returned 1.4% in the six months ended June 30, down from 6.4% for the same period last year.

August 30, 2016 | 01:21 pm
Cost of providing corporate pension plan in U.K. jumps to 50% of employee pay — analysis

Cost of providing corporate pension plan in U.K. jumps to 50% of employee pay — analysis

The cost of providing a corporate defined benefit plan in the U.K. has risen to the equivalent of 50% of employee pay, due in part to the U.K.'s vote to leave the European Union.

August 30, 2016 | 12:17 pm

AMP Capital adds to infrastructure equity team

Philip Pacey was named a principal in AMP Capital's infrastructure equity team.

August 30, 2016 | 10:59 am
Moody’s: Riskier asset classes rallying as volatility drops

Moody’s: Riskier asset classes rallying as volatility drops

Volatility has been in decline during the third quarter, and riskier asset classes such as emerging markets, small-cap equities and global equities have seen a rally, boosting publicly traded money...

August 30, 2016 | 07:00 am
Society of Actuaries backtracks, will publish controversial paper

Society of Actuaries backtracks, will publish controversial paper

The Society of Actuaries plans to publish a paper challenging the standard actuarial practice of valuing public pension plan liabilities, reversing a previous position prohibiting any release of the...

August 29, 2016 | 03:53 pm

Fisch Asset Management names heads of convertible, corporate bonds

Stephanie Zwick was appointed head of convertible bonds at Fisch Asset Management.

August 29, 2016 | 02:30 pm

Cbus to sharply expand internal investment capabilities

Cbus, the A$34 billion ($25.9 billion) superannuation fund for Australia's construction and building industries, announced Monday it will boost its internal investment team to 59 people from 34...

August 29, 2016 | 01:25 pm
Secondary market deals down nearly 10% in first half of 2016 — report

Secondary market deals down nearly 10% in first half of 2016 — report

Deals on the alternative investment secondary market dropped 9.7% to $18.6 billion in the first half of this year from $20.6 billion in the first half of last year, said the secondary market broker...

August 29, 2016 | 04:57 pm

Pembrook Capital names director of investor relations, specialty investments

Lisa Davis joined real estate credit manager Pembrook Capital Management as director of investor relations and specialty investment originations.

August 29, 2016 | 03:15 pm
Illinois Municipal tops up Northern Trust index fund with another $300 million

Illinois Municipal tops up Northern Trust index fund with another $300 million

Illinois Municipal Retirement Fund approved adding $300 million to a passive U.S. large-cap equity portfolio managed by Northern Trust Asset Management, raising its total investment in the fund to $1....

August 29, 2016 | 10:29 am
Madison Dearborn closes latest fund at $4.4 billion

Madison Dearborn closes latest fund at $4.4 billion

Madison Dearborn Partners closed its latest flagship private equity fund, Madison Dearborn Capital Partners VII, at the private equity firm's $4.4 billion hard cap.

August 26, 2016 | 05:38 pm
Illinois Teachers lowers assumed rate of return to 7%

Illinois Teachers lowers assumed rate of return to 7%

Illinois Teachers' Retirement System lowered its assumed rate of return to 7% from 7.5% starting with the fiscal year beginning July 1, 2017, at a board meeting Friday.

August 26, 2016 | 03:54 pm
Yellen says rate-hike case 'strengthened in recent months'

Yellen says rate-hike case 'strengthened in recent months'

Federal Reserve Chairwoman Janet Yellen said the case to raise interest rates is getting stronger as the U.S. economy approaches the central bank's goals.

August 26, 2016 | 01:26 pm

Schroders bond manager departs

Gareth Isaac, fixed-income fund manager, will leave Schroders to pursue opportunities outside the firm.

August 26, 2016 | 12:37 pm

Gates' Cascade reports 15.9% passive stake in GAMCO

Cascade Investment, the family office that invests the wealth of Microsoft Corp. co-founder Bill Gates, agreed to purchase a note that could be converted into a 15.9% stake in GAMCO Investors Inc.,...

August 26, 2016 | 10:07 am