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San Diego County eyes CIO hiring in early February

San Diego County Employees Retirement Association expects to begin interviews for an internal chief investment officer on Jan. 5 with a selection to be made as early as Feb. 6.

December 19, 2014 | 06:08 pm

Illinois Municipal considers switching U.S. equity benchmark to Russell 3000

Illinois Municipal Retirement Fund, Oak Brook, next month will consider changing its U.S. equity benchmark to the Russell 3000 from the Dow Jones Total Stock Market index.

December 19, 2014 | 01:45 pm
Judge allows Eastman Kodak stock-drop case to continue

Judge allows Eastman Kodak stock-drop case to continue

A stock drop case against Eastman Kodak Co. and plan fiduciaries is allowed to continue.

December 19, 2014 | 03:19 pm
OECD: Largest pension funds still slow on infrastructure despite higher alts allocations

OECD: Largest pension funds still slow on infrastructure despite higher alts allocations

Infrastructure investing activity remains low among the largest pension funds and public pension reserve funds worldwide, despite increased allocations to other alternative investments, a report from ...

December 19, 2014 | 03:15 pm

Sonoma County conducting invitation-only search to replace PIMCO

Sonoma County Employees’ Retirement Association, Santa Rosa, Calif., is conducting an invitation-only search for an unconstrained fixed-income manager to run $65 million, said Steven Marsh,...

December 19, 2014 | 03:32 pm

Highland Capital wins $40 million award in Credit Suisse case

Highland Capital Management won a $40 million jury award after successfully arguing Credit Suisse AG duped the debt manager into refinancing a shaky real estate development.

December 19, 2014 | 03:26 pm

Banks get two more years to divest private equity, hedge funds under Volcker rule

Banks will have two more years to divest themselves of private equity and hedge funds to comply with a Dodd-Frank Wall Street Reform and Consumer Protection Act provision known as the Volcker rule.

December 19, 2014 | 03:09 pm
Church of England grows U.K. forestland portfolio with £49 million acquisition

Church of England grows U.K. forestland portfolio with £49 million acquisition

The Church Commissioners for England, London, have become the largest private commercial forestry investor in the U.K., with a deal to purchase a £49 million ($76.8 million) forestry portfolio.

December 19, 2014 | 02:06 pm

3 BlackRock veterans head to Asia in iShares reshuffle

Geir Espeskog, a BlackRock managing director and the firm's head of iShares for the Nordics, has been named iShares head of distribution for the Asia Pacific region, part of a broader reshuffle of...

December 19, 2014 | 04:44 am
FSOC designates MetLife as 'systemically important'

FSOC designates MetLife as 'systemically important'

MetLife Inc. was designated a non-bank systemically important financial institution by the Financial Stability Oversight Council on Thursday.

December 18, 2014 | 04:24 pm

PIMCO adds global equity portfolio manager

Giles Money joined PIMCO as a senior vice president and portfolio manager focused on global growth equity strategies.

December 18, 2014 | 03:54 pm
401(k) loan balances remain stagnant for fifth straight year

401(k) loan balances remain stagnant for fifth straight year

The percentage of 401(k) participants with loan balances has remained steady in recent years, staying at 21% in 2013, the same level as in each year since 2009, according to a report issued Thursday...

December 18, 2014 | 04:14 pm

District of Columbia Retirement Board terminates PIMCO

District of Columbia Retirement Board, Washington, terminated Pacific Investment Management Co. from an active domestic core-plus fixed-income portfolio at a board meeting Thursday.

December 18, 2014 | 03:47 pm
N.Y. governor vetoes bill increasing pension funds’ maximum alternatives allocation

N.Y. governor vetoes bill increasing pension funds’ maximum alternatives allocation

New York Gov. Andrew Cuomo on Thursday vetoed a bill that would have allowed the largest public pension funds in the state to increase their allocations to alternative investments to 30% from 25%.

December 18, 2014 | 01:43 pm

Aegon Asset Management, La Banque Postale to form partnership

Aegon Asset Management and La Banque Postale Asset Management entered into discussions to form a strategic money management partnership that will see Aegon take a 25% minority stake in LBPAM.

December 18, 2014 | 01:30 pm