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UPS is looking for smart beta to deliver

UPS is looking for smart beta to deliver

The $28 billion United Parcel Service Inc. defined benefit plan has taken smart beta to a new level, allocating 40% of the equity portfolio to the alternatives to market-capitalization indexes.

July 21, 2014
Slow process seen in naming Gotbaum successor at PBGC

Slow process seen in naming Gotbaum successor at PBGC

Joshua Gotbaum's resignation as director of the Pension Benefit Guaranty Corp. is expected to create a leadership vacuum at a critical time for an agency dealing with struggling multiemployer pension ...

July 21, 2014
ESG factors gaining global exposure

ESG factors gaining global exposure

Institutional investors across the globe are becoming more aware of the environmental, social and governance effects both of, and on, their investment choices.

July 21, 2014

Public pension plans reap benefits from Citigroup settlement

State pension funds in California and Illinois are among the recipients of Citigroup Inc.'s $7 billion in fines and consumer relief to resolve government claims that it misled investors about the...

July 21, 2014
Co-investing entering new arena: Hedge funds

Co-investing entering new arena: Hedge funds

Institutional investors increasingly are translating co-investment experience in private equity, real estate, infrastructure and energy funds to their hedge fund portfolios.

July 21, 2014
Emerging markets debt is attracting investors again

Emerging markets debt is attracting investors again

Emerging markets debt, pummeled during last year's “taper tantrum,” is now tempting institutional investors back into the fold.

July 21, 2014
Execs struggle with auto-escalation issue

Execs struggle with auto-escalation issue

Defined contribution plan executives are wrestling with ways to improve participants' savings through automatic escalation.

July 21, 2014
Hong Kong fund is taking target-date approach to default option

Hong Kong fund is taking target-date approach to default option

Hong Kong's Mandatory Provident Fund Scheme Authority is looking to push the envelope — gently — in devising the HK$519 billion (US$67 billion) defined contribution system's first...

July 21, 2014
Guilty plea opens  new chapter in CalPERS story

Guilty plea opens new chapter in CalPERS story

Former CalPERS CEO Federico R. Buenrostro's guilty plea earlier this month revealed new details and disclosures in the corruption scandal that engulfed the nation's largest defined benefit plan.

July 21, 2014
J.P. Morgan's head of OECD infrastructure equity leaves to start own firm

J.P. Morgan's head of OECD infrastructure equity leaves to start own firm

Mark Weisdorf has left J.P. Morgan Asset Management where he was portfolio manager and head of OECD infrastructure equity to start his own infrastructure investment firm.

July 18, 2014 | 05:49 pm

Permal Group’s sovereign advisory head resigns

Andrew Rozanov resigned Wednesday as managing director and head of sovereign advisory in the London office of Permal Group, said Alastair Crabbe, a company spokesman, in an e-mail.

July 18, 2014 | 01:50 pm

UBS hires head of liquidity for EMEA

James Finch joined UBS Global Asset Management as head of global liquidity management in Europe, the Middle East and Africa, a spokesman said.

July 18, 2014 | 01:48 pm

Venture capital investments leap in 2nd quarter — 2 reports

U.S. venture capital firms invested $13 billion in 1,114 deals in the second quarter, a 34% increase in capital invested from the first quarter and up 81% from the second quarter of 2013, The...

July 18, 2014 | 02:04 pm

Louisiana Municipal Police Employees picks high yield, emerging markets debt finalists

Louisiana Municipal Police Employees Retirement System named finalists in its searches for a domestic high-yield fixed-income manager to run about $83 million and an active emerging markets debt...

July 18, 2014 | 02:52 pm

Turner Investments hires business development director

James W. Graves was named director of business development at Turner Investments, said company spokesman Tucker Hewes.

July 18, 2014 | 04:55 pm