Latest News

Bristol-Myers announces $1.4 billion pension buyout

Bristol-Myers Squibb Co. said it would settle $1.4 billion in pension obligations by purchasing a group annuity contract from Prudential Insurance Co. for approximately 8,000 retirees and...

September 30, 2014 | 06:30 pm
New Mexico adopts asset allocation with 5% to in-state venture capital

New Mexico adopts asset allocation with 5% to in-state venture capital

New Mexico State Investment Council approved a new asset allocation for its $4.5 billion Severance Tax Permanent Fund.

September 30, 2014 | 02:53 pm

Public pension assets up 14.3% for year: Census Bureau

The 100 largest U.S. public pension funds had a combined $3.365 trillion in cash and securities as of June 30, up 4.6% from three months earlier and 14.3% more than the same quarter in 2013,...

September 30, 2014 | 06:08 pm

TMX names new CEO

Lou Eccleston was named CEO of TMX Group, operator of the Toronto and Montreal stock exchanges among other Canadian equity, fixed-income and energy trading venues.

September 30, 2014 | 02:46 pm

Artisan Partners changes domestic growth equities team leader

Andrew C. Stephens is stepping down as portfolio manager on Artisan Partners Asset Management’s growth team.

September 30, 2014 | 02:49 pm
Aon Hewitt: Canadian DB plans’ funding status slips

Aon Hewitt: Canadian DB plans’ funding status slips

Canadian defined benefit plans administered by Aon Hewitt saw their funded status slip in the past three months, to a median 91.1% as of Sept. 26 from 96%.

September 30, 2014 | 04:00 pm
Supreme Court passes on securities lawsuit timing case

Supreme Court passes on securities lawsuit timing case

The U.S. Supreme Court decided not to weigh in on a case brought by the $25.1 billion Mississippi Public Employees' Retirement System challenging the time limits for investors to join or opt out of...

September 30, 2014 | 03:55 pm
Towers Watson survey: DC plan execs missing big picture on target-date funds

Towers Watson survey: DC plan execs missing big picture on target-date funds

Defined contribution plan executives are too focused on “investment metrics” when evaluating target-date funds rather than the role these funds should play in helping participants prepare ...

September 30, 2014 | 02:36 pm

Danica Pension hires CIO from ATP

Anders Svennesen was appointed chief investment officer at Danica Pension.

September 30, 2014 | 01:29 pm

South African pension money at risk in bank bailout

The collapse of African Bank Investments Ltd. is forcing the money manager holding most of the South African government's pension assets to agree to invest 5 billion rand ($440 million) to rescue the ...

September 30, 2014 | 11:43 am
Motorola wraps up pension buyout at light speed

Motorola wraps up pension buyout at light speed

Motorola Solutions Inc.'s pension buyout, the third largest in U.S. history, was the fastest by a mile, taking less than six months from start to finish.

September 29, 2014
San Diego County reconsiders leverage, outsourced CIO

San Diego County reconsiders leverage, outsourced CIO

The next time Alice falls through the rabbit hole, she may find herself at a meeting of the San Diego County Employees Retirement Association as trustees struggle to make sense of a new asset...

September 29, 2014

Chicago Teachers appoints alternatives portfolio manager

Andrew Kelsen was named portfolio manager for alternative investments at the $10.8 billion Chicago Public School Teachers’ Pension & Retirement Fund.

September 29, 2014 | 02:51 pm
Notre Dame Endowment returns 19.7%

Notre Dame Endowment returns 19.7%

University of Notre Dame Endowment returned 19.7% on its investments for the fiscal year ended June 30, surpassing its 13% custom benchmark return.

September 29, 2014 | 05:08 pm

Oregon PERS taps new executive director

Steve Rodeman, was named executive director of the Oregon Public Employees Retirement System, Tigard, starting on Nov. 1.

September 29, 2014 | 04:06 pm