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CalSTRS to discuss divesting from thermal coal companies

CalSTRS could become one of the next big institutional investors to divest from ownership interests in coal companies.

April 01, 2015 | 04:00 pm
Wendy's to support proxy access vote following Philadelphia pension fund proposal

Wendy's to support proxy access vote following Philadelphia pension fund proposal

Philadelphia Public Employees Retirement System withdrew a shareholder proposal at Wendy's Co. after the company agreed to submit management-supported proxy access amendments to its certificate of...

April 01, 2015 | 03:42 pm
Preqin: Real estate, venture capital fundraising up in quarter; private equity closings down

Preqin: Real estate, venture capital fundraising up in quarter; private equity closings down

Private real estate and venture capital fundraising were strong in the first quarter of 2015, while private equity funds saw the lowest number of fund closings for a quarter in more than 10 years, a...

April 01, 2015 | 03:19 pm

Highland Capital acquires ICC Capital Management

Highland Capital Management LLC acquired the assets of ICC Capital Management.

April 01, 2015 | 02:30 pm

U.K. corporate pension funding deficit rises 5.5% in March

The total deficit of all U.K. corporate defined benefit funds increased 5.5% in March to £269 billion ($402 billion), JLT Employee Benefits’ latest analysis shows.

April 01, 2015 | 02:17 pm

Investcorp names business development director for hedge fund strategies

Jennifer Cahill was named managing director, business development, hedge fund business, at alternatives money manager Investcorp.

April 01, 2015 | 02:10 pm

ISDA issues principles for rules governing the centralized execution of swaps

The International Swaps and Derivatives Association on Wednesday issued principles to be applied to rules governing centralized execution of swaps and called for alignment in swap-execution facility...

April 01, 2015 | 02:03 pm
Patriarch Partners files suit to have SEC charges heard in U.S. District Court

Patriarch Partners files suit to have SEC charges heard in U.S. District Court

Patriarch Partners and CEO Lynn Tilton are fighting back against charges announced by the SEC on Monday involving three of the private equity firm's funds.

April 01, 2015 | 01:03 pm

Investment Fund for Foundations CIO resigns

Larry Lebowitz resigned as chief investment officer of The Investment Fund for Foundations.

April 01, 2015 | 12:55 pm
Syracuse University endowment to divest coal, fossil fuel-holdings

Syracuse University endowment to divest coal, fossil fuel-holdings

Syracuse University is formalizing a plan for its $1.2 billion endowment to divest from coal mining companies and other fossil-fuel holdings, said university spokesman Kevin Quinn.

April 01, 2015 | 12:42 pm
Texas Teachers expands strategic partnerships with Apollo, KKR

Texas Teachers expands strategic partnerships with Apollo, KKR

Texas Teacher Retirement System, Austin, is expanding its strategic partnership with private equity managers Apollo Global Management and KKR & Co., the $129.9 billion pension fund, said in a...

April 01, 2015 | 10:57 am
NAGDCA: Public DC participant assets up, target-date funds gain more default option traction

NAGDCA: Public DC participant assets up, target-date funds gain more default option traction

The average account balance for participants in public defined contribution plans rose to $59,000 last year, up 11% from 2013, according to the latest annual survey by the National Association of...

April 01, 2015 | 10:05 am
Orange County Employees to redeem 5 strategies

Orange County Employees to redeem 5 strategies

Orange County Employees Retirement System, Santa Ana, Calif., is winding down its remaining positions with five managers.

April 01, 2015 | 09:11 am
Schapiro: Multitude of trading venues a regulatory challenge for SEC

Schapiro: Multitude of trading venues a regulatory challenge for SEC

The equity market structure with more than 70 venues for trading and 35% of trades done in dark pools represents a major regulatory challenge for the Securities and Exchange Commission, Mary Schapiro,...

March 31, 2015 | 02:26 pm
Ackman: Shareholder activism driving bull market

Ackman: Shareholder activism driving bull market

Shareholder activism deserves much of the credit for the bullish stock market in recent years, William A. Ackman, founder and CEO of Pershing Square Capital Management, told the more than 560...

March 31, 2015 | 02:34 pm