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Legg Mason to acquire Sydney-based boutique RARE Infrastructure

Legg Mason Inc. will acquire a controlling 75% stake in RARE Infrastructure Ltd., a Sydney-based manager of $7.6 billion in global listed infrastructure assets, from the firm's employees and minority ...

July 29, 2015 | 05:02 am
University of California CIO calls for more socially responsible investing

University of California CIO calls for more socially responsible investing

The chief investment officer of the University of California System on Tuesday called for more endowments and foundations to embrace investing in initiatives to help reduce environmental effects from ...

July 28, 2015 | 03:16 pm
Oaktree AUM up 3% in quarter and 13% for year, reaches $103 billion

Oaktree AUM up 3% in quarter and 13% for year, reaches $103 billion

Oaktree Capital Group's assets under management rose to a record $103 billion as of June 30, up 3% from three months prior and up 13% from the year-earlier period, the alternative investment firm's...

July 28, 2015 | 03:27 pm
Artisan Partners AUM up 0.4% for quarter, down 2.6% for year

Artisan Partners AUM up 0.4% for quarter, down 2.6% for year

Artisan Partners Asset Management on Tuesday reported $109.2 billion in assets under management as of June 30, up 0.4% from March 31 but down 2.6% from a year earlier.

July 28, 2015 | 05:38 pm

Mercer adds to DC team in London

Stephen Budge will join consultant Mercer, a spokesman for the firm confirmed.

July 28, 2015 | 12:10 pm

ADIA names head of Japan for the fund's internal equities department

strong>Hisashi Kuroda joined the Abu Dhabi Investment Authority's internal equities department as head of Japan.

July 28, 2015 | 04:33 am

Northern Trust chooses new DC solutions chief

Sabrina Bailey, a principal and U.S. defined contribution practice leader for Mercer, is leaving the company to join Northern Trust Asset Management as global head of defined...

July 28, 2015 | 03:45 pm

Public pension returns, assets up in 2014 — Census Bureau

U.S. public pension systems saw their investment earnings increase 40.6% in 2014, to $537.5 billion up from $382.2 billion in 2013, according to the Annual Survey of Public Pensions released Tuesday...

July 28, 2015 | 04:03 pm
Halliburton investor class action certified

Halliburton investor class action certified

A group of pension funds and other institutional shareholders can pursue a class-action lawsuit against Halliburton Co., a U.S. District Court in Dallas ordered July 27.

July 28, 2015 | 03:52 pm

Revisions to IORP applauded in U.K.

A draft report on the proposal for the second iteration of the European pensions directive, known as the Institutions for Occupational Retirement Provision II, has been broadly welcomed by the U.K....

July 28, 2015 | 02:33 pm

MIRA completes buyout with PIC for pension fund

The MIRA Retirement Benefits Scheme completed a £70 million ($108.5 million) buyout with Pension Insurance Corp. for the entire pension fund.

July 28, 2015 | 02:29 pm
Money managers don’t see Bank of England rate hike until 2016

Money managers don’t see Bank of England rate hike until 2016

Despite an improvement in GDP growth in the U.K. for the three months ended June 30, a skittish set of data over the past few quarters and low inflation means money management executives still...

July 28, 2015 | 02:09 pm
Federal Thrift Savings Plan to explore implementing brokerage window

Federal Thrift Savings Plan to explore implementing brokerage window

The governing board of the Federal Thrift Savings Plan has given plan executives the go-ahead to explore adding a self-directed brokerage account for mutual funds to the plan’s investment menu.

July 28, 2015 | 12:55 pm
AMG's assets up 1.7% in quarter, sees net inflows of $4.1 billion

AMG's assets up 1.7% in quarter, sees net inflows of $4.1 billion

Affiliated Managers Group reported total assets under management of $642.7 billion as of June 30, up 1.7% from three months earlier and up 5.9% from a year earlier, the company said in its earnings...

July 28, 2015 | 11:28 am

AIG buys bond manager First Principles Capital Management, appoints CIO

American International Group has acquired money manager First Principles Capital Management.

July 28, 2015 | 11:42 am