Harvard Management Co. said two senior managers have left, the latest in a series of departures as the $37.6 billion endowment manager restructures under CEO Stephen Blyth.
October 02, 2015 | 06:02 pm
Walter Bean, senior portfolio manager and head of the strategic value dividend team at Federated Investors, will retire at the end of the year, confirmed company spokeswoman Meghan A. McAndrew.
October 02, 2015 | 02:24 pm
Mark Corbidge was named a partner at TPG, based in London, a company spokeswoman confirmed.
October 02, 2015 | 04:05 pm
The Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., is seeking permission to cut benefits for participants, including retirees, as part of a proposed rescue plan...
October 02, 2015 | 03:59 pm
J.C. Penney Co., Plano, Texas, announced Friday it is purchasing a group annuity contract from Prudential Insurance Co. of America to transfer some pension fund liabilities.
October 02, 2015 | 01:45 pm
The funded status of a typical U.S. corporate pension plan fell in the third quarter because of rising liabilities and declining asset values, said two new reports from Legal & General Investment...
October 02, 2015 | 02:18 pm
The Department of Labor is seeking to remove Encorium Group Inc. as fiduciary of its 401(k) plan, for failure to conclude a plan termination.
October 02, 2015 | 01:59 pm
Blackstone Group announced Thursday the final close of Blackstone Real Estate Partners VIII at $15.8 billion.
October 02, 2015 | 01:07 pm
Real estate and logistics investments in Brazil are on Blackstone Group and GIC Real Estate’s shortlist of interesting opportunities, according to speakers at the Pension Real Estate...
October 02, 2015 | 01:52 pm
Groups representing large sponsors of retirement plans called on the IRS on Thursday to reverse its decision to stop issuing determination letters, which plans rely on to affirm qualified tax status.
October 02, 2015 | 01:03 pm
Philips Electronics North America Corp., New York, is purchasing group annuity contracts from American United Life Insurance Co., Banner Life Insurance Co. and Prudential Life Insurance Co. of...
October 02, 2015 | 12:41 pm
RRJ Capital’s third private equity fund, RRJ Capital Master Fund III, has closed at $4.5 billion, said Richard Ong, chairman and CEO of the Hong Kong-based firm, in an e-mail Friday.
October 02, 2015 | 11:10 am
Alternative money manager HQ Capital and real estate services company CNL Commercial Real Estate have formed a joint venture to buy out CNL Financial Group’s stake in CCRE.
October 01, 2015 | 03:48 pm
University of Pennsylvania's endowment returned 7.4% for the fiscal year ended June 30.
October 01, 2015 | 06:18 pm
J.P. Morgan Chase & Co. is set to pay almost a third of a $1.86 billion settlement to resolve accusations that a dozen big banks conspired to limit competition in the credit default swaps market,...