Latest News

Mercer recruits Summit Strategies' director of consulting

Mercer recruits Summit Strategies' director of consulting

Jessica Portis will be joining Mercer as a partner in its St. Louis office, said spokesman Bruce Lee.

July 31, 2015 | 03:30 pm

Milwaukee County Retirement System considers lowering bonds, raising equities

Milwaukee County Employees’ Retirement System, Milwaukee, is conducting an asset allocation study that is considering reducing fixed income, while increasing equities and real estate.

July 31, 2015 | 03:23 pm

Florida SBA extends search for chief risk and compliance officer

Florida State Board of Administration, Tallahassee, Thursday reposted the opening for chief risk and compliance officer, seeking to attract more applicants.

July 31, 2015 | 02:50 pm
Use of excess DB plan assets for health care extended to 2025

Use of excess DB plan assets for health care extended to 2025

Excess defined benefit plan assets can now be used to pay for retiree health care and life insurance through 2025.

July 31, 2015 | 02:32 pm

ISS names new chief of Asia-Pacific (ex-Japan) research

Shinbo Won was named head of Asia-Pacific (ex-Japan) research at Institutional Shareholder Services, effective Aug. 3.

July 31, 2015 | 02:04 pm

Interfaith Center on Corporate Responsibility seeks CEO

Interfaith Center on Corporate Responsibility, New York, is searching for a CEO, a new position in a newly restructured leadership.

July 31, 2015 | 02:01 pm

Financial Stability Board suspends plans on designating managers systemically important

The Financial Stability Board will wait to finalize the methodologies for delegating money managers as systemically important financial institutions until its work on risks from money management...

July 31, 2015 | 01:57 pm

Managers bemoan absence of EU ‘passport’

Money management industry associations criticized a recommendation by the European Securities and Markets Authority not to grant U.S. managers an extension of a passport to market alternative...

July 31, 2015 | 01:52 pm

Kainos Capital adds partner for food and consumer products sector

Kevin Elliott has joined private equity firm Kainos Capital as a partner, said Mark Semer, spokesman, in an e-mail.

July 31, 2015 | 11:57 am

Northern Trust expands Canadian investment outsourcing unit

Trang Lam was named vice president and senior client investment officer for Northern Trust Asset Management’s multimanager investment outsourcing unit in Canada.

July 31, 2015 | 11:42 am
New Mexico to trim absolute return, boost private equity commitments in 2016

New Mexico to trim absolute return, boost private equity commitments in 2016

New Mexico State Investment Council, Santa Fe, plans to continue trimming its $1.4 billion hedge funds-of-funds and $924.5 million credit and structured portfolios while increasing its private equity ...

July 31, 2015 | 10:22 am
Legg Mason's assets dip despite inflows

Legg Mason's assets dip despite inflows

Legg Mason reported $699.2 billion in assets under management as of June 30, down 0.5% from three months earlier and down 1% from a year earlier, said the company's earnings statement released Friday.

July 31, 2015 | 10:49 am

OFR study: Form PF too wide for hedge fund risk reporting

Hedge funds reporting their risk exposures to the Securities and Exchange Commission use one method, Form PF, regardless of how dissimilar their risk profiles may be, but it can still help regulators ...

July 30, 2015 | 03:29 pm
Highway bill would extend health-care option for overfunded DB plans

Highway bill would extend health-care option for overfunded DB plans

Sponsors of overfunded defined benefit plans will be able to use excess assets for retiree health care and life insurance, under a highway bill passed by the House late Wednesday.

July 30, 2015 | 03:06 pm

Voya’s multiasset deputy CIO resigns

Frank van Etten, deputy chief investment officer of Voya Investment Management’s multiasset strategies and solutions team, is leaving.

July 30, 2015 | 03:53 pm