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CalPERS to release private equity carried interest data

CalPERS to release private equity carried interest data

CalPERS officials said Thursday that the fund for the first time will be reporting performance fees it pays to private equity firms, ending a mystery of just how costly it is for the nation's largest ...

July 02, 2015 | 05:34 pm

CBRE closes value-added fund at $1.3 billion

CBRE Global Investors closed its latest value-added real estate fund at $1.34 billion, confirmed Pam Barnett, CBRE spokeswoman in an e-mail.

July 02, 2015 | 03:10 pm

Corporate defined benefit funded status up for quarter, reports say

The funded status of a typical U.S. corporate pension plan rose in the second quarter of 2015 due to falling liabilities, said two new reports from Legal & General Investment Management America and...

July 02, 2015 | 02:31 pm
Nestle to freeze U.K. pension plan

Nestle to freeze U.K. pension plan

Nestle U.K., Gatwick, England, announced Thursday it plans to freeze its defined benefit pension scheme, replacing it with a defined contribution plan.

July 02, 2015 | 10:01 am
Options proposed for Chicago teachers pension fund payments

Options proposed for Chicago teachers pension fund payments

A series of proposals has been made to modify the way future payments are made to the Chicago Public School Teachers' Pension & Retirement Fund.

July 02, 2015 | 02:42 pm

Money manager M&A activity up slightly in first 6 months; less AUM involved

The number of announced money manger acquisitions globally was 50 in the first half of 2015, up slightly from the first half of 2014 when 48 deals took place, said a report from investment banking...

July 01, 2015 | 04:08 pm
FSBA report finds gains correlated with proxy-voting decisions

FSBA report finds gains correlated with proxy-voting decisions

Florida State Board of Administration's proxy-voting decisions correlated with a 9.4% increase in cumulative returns based on the original value of holdings, adding $178 million in appreciation to...

July 01, 2015 | 03:08 pm
District Court judge declines to stop SEC action against Patriarch Partners

District Court judge declines to stop SEC action against Patriarch Partners

Patriarch Partners and CEO Lynn Tilton lost their bid to have a U.S. District Court judge stop an SEC administrative proceeding against them, but are appealing the decision.

July 01, 2015 | 02:48 pm
SEC grants KKR waiver following settlement over improper fees

SEC grants KKR waiver following settlement over improper fees

KKR will not lose its status as an eligible securities issuer, following its settlement Monday with the Securities and Exchange Commission over improper fees.

July 01, 2015 | 02:40 pm

Standard Life Investments recruits investment director for multiasset team

Gerry Fowler was named investment director, idea generation, within the multiasset investment team at Standard Life Investments.

July 01, 2015 | 12:02 pm

Japan local government pension fund posts 11% fiscal year gain amid shift to risk assets

Japan’s Pension Fund Association for Local Government Officials reported an 11.3% gain to ¥21.1 trillion ($176 billion) for its fiscal year ended March 31, amid a steady shift in...

July 01, 2015 | 01:29 am
Gross getting a second-in-command on Janus bond fund after Kapstream acquisiton

Gross getting a second-in-command on Janus bond fund after Kapstream acquisiton

Kumar Palghat is joining William H. Gross as co-portfolio manager on the Janus Global Unconstrained Bond Fund.

July 01, 2015 | 12:01 am

Managers face pressure to cut costs, fear competition from tech companies — State Street survey

Cost-cutting pressure, more internal management by asset owners and the potential for direct competition from non-traditional financial providers are among the biggest challenges money managers are...

July 01, 2015 | 09:17 am

JPMAM names DC head for global strategic relationships group

Don MacQuattie was named managing director and head of defined contribution for J.P. Morgan Asset Management's global strategic relationships group.

June 30, 2015 | 02:51 pm
Willis Group and Towers Watson to merge

Willis Group and Towers Watson to merge

Willis Group Holdings PLC, the world's third-largest insurance broker, and Towers Watson & Co., the world's fifth-largest investment consultant by assets under advisement, announced on Tuesday they...

June 30, 2015 | 09:16 am