Latest News

Louisiana State Employees retools asset allocation

Louisiana State Employees’ Retirement System, Baton Rouge, is creating a global multisector/credit target allocation and increasing its target allocations to international small-cap equities...

September 03, 2015 | 01:33 pm

Standard Life Investments names U.S. business development director for Taft-Hartley plans

David Silk was named director, U.S. business development at Standard Life Investments, a spokeswoman said.

September 03, 2015 | 01:29 pm

Northern Trust adds institutional sales position to grow Canada custody business

Nick Petruccelli was named senior vice president, institutional sales, at Northern Trust Canada.

September 03, 2015 | 01:27 pm

Japan’s GPIF to recruit specialists to oversee external manager operations

Japan’s Government Pension Investment Fund is looking to hire investment specialists to oversee the ¥141 trillion ($1.17 trillion), Tokyo-based pension fund’s external manager...

September 03, 2015 | 01:24 pm
Glass Lewis calls for independent chairman at Bank of America

Glass Lewis calls for independent chairman at Bank of America

Glass Lewis & Co. came out Wednesday against ratifying the Bank of America Corp. corporate bylaw amendment allowing the financial giant's board of directors discretion to determine its leadership...

September 03, 2015 | 10:45 am
Chicago Transit Authority drops Invesco

Chicago Transit Authority drops Invesco

Chicago Transit Authority Employees Retirement Plan terminated Invesco as an active domestic large-cap core equity manager.

September 02, 2015 | 03:02 pm
Meketa asset allocation proposals would slash CalSTRS domestic equity share

Meketa asset allocation proposals would slash CalSTRS domestic equity share

One of two general investment consultants advising the California State Teachers' Retirement System on a new asset allocation is recommending a major downward shift in the allocation to U.S. equities ...

September 02, 2015 | 06:17 pm
PIMCO Total Return assets fall below $100 billion, a third of its peak

PIMCO Total Return assets fall below $100 billion, a third of its peak

Pacific Investment Management Co.'s flagship fund fell below $100 billion in assets under management for the first time in more than eight years, leaving it with about a third of the money it managed ...

September 02, 2015 | 06:07 pm
Moody's: Older IRS mortality tables could save sponsors $18 billion next year

Moody's: Older IRS mortality tables could save sponsors $18 billion next year

The IRS' decision to stick with 15-year-old mortality assumptions will save corporate defined benefit plan sponsors at least $18 billion in contributions in 2016 and be a credit positive for them,...

September 02, 2015 | 04:06 pm

Chicago water pension fund terminates emerging manager Holland Capital

Chicago Metropolitan Water Reclamation District Retirement Fund terminated Holland Capital Management from a $15 million active domestic large-cap growth equity portfolio.

September 02, 2015 | 04:01 pm
Indiana University Foundation returns 2.8% in 12 months ended June 30

Indiana University Foundation returns 2.8% in 12 months ended June 30

Indiana University Foundation returned 2.8% on its pooled fund investments for the 12 months ended June 30, vs. 1.5% for the benchmark and 18.4% for the year ended June 30, 2014.

September 02, 2015 | 02:33 pm
Ohio PERS taps deputy director as new CIO

Ohio PERS taps deputy director as new CIO

Richard D. Shafer was named chief investment officer at the Ohio Public Employees Retirement System.

September 02, 2015 | 01:34 pm

IRS releases multiemployer benefit cut voting rules

Procedures for allowing multiemployer plan participants to vote on benefit reductions in distressed plans were issued by the IRS on Wednesday.

September 02, 2015 | 03:28 pm

Walt Disney Co. appoints treasurer with oversight of pension plans

Jonathan S. Headley was named senior vice president and treasurer at The Walt Disney Co.

September 02, 2015 | 11:27 am
M&G Investments brings on global head of institutional distribution

M&G Investments brings on global head of institutional distribution

Ominder Dhillon was named global head of institutional distribution at M&G Investments.

September 02, 2015 | 12:31 pm