Staff and board members of the underfunded $7.9 billion Arizona Public Safety Personnel Retirement System, Phoenix, continue to deal with fallout from questions about real estate valuations and legal matters involving former staff members who questioned those valuations.
The world's largest pension fund could begin bulking up on riskier assets later this year, even as many other big asset owners struggle to find pockets of value in capital markets buoyed by quantitative easing.
Jane Mendillo's decision to step down as president and CEO of Harvard Management Co. comes almost a year after Harvard University's endowment reported the lowest five-year annualized return among its Ivy League peers.
A provision expected in next year's U.K. pensions legislation could pave the way for collective defined contribution plans, which look and feel like defined benefit plans but are more employer-friendly and share risk among participants.
GW&K Investment Management has tripled its assets under management and more than quadrupled its institutional AUM in the almost six years since it left from under the wing of former parent company Bank of New York Mellon and became an affiliate of Affiliated Managers Group Inc.
Increasing the transparency of prices and potential conflicts of interest in institutional trades in dark pools and automated trading systems will drive the SEC's policy agenda for the next several years and could offer investors leverage to better control trading costs.
A year of solid returns for global equities hasn't derailed a broad-based push by sovereign wealth funds into alternative strategies, according to Atlanta-based Invesco Ltd.'s second annual report on the industry.