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Judge rules Illinois pension reform law is unconstitutional

Judge rules Illinois pension reform law is unconstitutional

A Sangamon County Circuit Court judge ruled Friday that Illinois' pension reform law passed last year is unconstitutional.

November 21, 2014 | 02:55 pm
University of British Columbia faculty eyes fossil-fuel divestment for endowment

University of British Columbia faculty eyes fossil-fuel divestment for endowment

University of British Columbia Faculty Association members early next year will vote on whether to ask the university's board of governors to divest its C$1.35 billion (US$1.19 billion) Vancouver-...

November 21, 2014 | 03:49 pm

New York City promotes 2 to head of private equity, hedge funds

Alex Done and Neil Messing were named head of private equity and head of hedge funds, respectively, at the bureau of asset management in the office of New York City...

November 21, 2014 | 03:26 pm

Mercer acquires Swiss private markets manager/consultant

Mercer will acquire Swiss private markets manager and consultant SCM Strategic Capital Management, strengthening its alternative investment capabilities.

November 21, 2014 | 12:51 pm

GAO: Room for improvement in FSOC process

The Financial Stability Oversight Council process for designating systemically important non-bank financial institutions, or SIFIs, could have more accountability and transparency, said a report...

November 21, 2014 | 03:03 pm

Dutch manager MN to cut 200 jobs as part of 4-year ‘efficiency’ program

Dutch money manager MN has launched a four-year cost-cutting and efficiency program in the Netherlands that will include the loss of more than 200 full-time jobs, said a spokeswoman for the firm.

November 21, 2014 | 02:24 pm

Illinois SURS taps Hollins Group for executive director search

The executive committee of the Illinois State Universities Retirement System board of trustees hired The Hollins Group to assist in a national search for candidates for executive...

November 21, 2014 | 01:00 pm

Insight Investment picks institutional head for North America

Victoria May was named head of institutional for North America at Insight Investment, a spokeswoman said.

November 21, 2014 | 12:54 pm
South Carolina has to allocate up to $1.5 billion in alts to reach new asset mix

South Carolina has to allocate up to $1.5 billion in alts to reach new asset mix

South Carolina Retirement System Investment Commission, Columbia, received an update on the progress of implementing the pension fund's asset allocation, which became effective July 2013.

November 21, 2014 | 11:52 am

LGM taps new head of China equities

Stephen Ma joined LGM Investments as head of Greater China equities and senior portfolio manager, a spokeswoman said.

November 21, 2014 | 11:56 am

Amundi appoints deputy CEO for alternatives business

Michael Hart joined Amundi’s alternative investment unit as deputy CEO and global head of business development, a spokeswoman said.

November 21, 2014 | 11:34 am

Standard Life Investments boosts multiasset team

Chris Faulkner-MacDonagh and Alex Wolf joined Standard Life Investments’ multiasset global strategy team, a spokeswoman said.

November 21, 2014 | 11:30 am

Blackstone acquires residential real estate business from GE Japan Corp.

Blackstone Group is acquiring GE Japan Corp’s residential real estate business for more than ¥190 billion ($1.6 billion), said Peter Rose, Blackstone spokesman, in an e-mail.

November 21, 2014 | 10:00 am
Walt Disney Co. to contribute up to $375 million to plans in 2015

Walt Disney Co. to contribute up to $375 million to plans in 2015

The Walt Disney Co. plans to contribute $350 million to $375 million to its defined benefit and postretirement medical plans in fiscal year 2015, which began Sept. 28, the company's most recent 10-K...

November 20, 2014 | 12:13 pm
 Senators call on Treasury to help smaller employers offer retirement plans

Senators call on Treasury to help smaller employers offer retirement plans

The Treasury Department could promote more retirement programs among small employers by making it easier for them to join multiple-employer plans, several members of the Senate Finance Committee said ...

November 20, 2014 | 03:27 pm