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Ontario Legislature clears way for supplemental pension plan

Ontario Legislature clears way for supplemental pension plan

The Ontario Legislature Thursday passed the province's 2014-'15 budget, which sets off the process of creating a provincial pension plan to supplement the C$219.1 billion (US$203.3 billion) Canada...

July 25, 2014 | 02:36 pm

LA City terminates manager, commits to private equity, selects commodities finalists

Los Angeles City Employees Retirement System terminated Boston Company Asset Management for performance reasons, minutes from a July board meeting show.

July 25, 2014 | 04:18 pm

PwC: M&A activity significantly increases in first 6 months

There were nearly 100 majority ownership M&A deals among money managers and wealth managers in the first half of 2014, compared to 37 such deals during the first six months of 2013, based on findings ...

July 25, 2014 | 03:57 pm
Citigroup alternative trading system settles with SEC

Citigroup alternative trading system settles with SEC

Citigroup Global Markets' LavaFlow alternative trading system will pay $5 million — $2.85 million in penalties and the remainder in refunds to clients including money managers — to settle ...

July 25, 2014 | 03:54 pm

Oklahoma Teachers reports 22% fiscal year return

Oklahoma Teachers’ Retirement System, Oklahoma City, returned 22% net of fees for the fiscal year ended June 30, surpassing the 18.1% custom benchmark return.

July 25, 2014 | 04:01 pm
Philips does pension buy-in with Prudential for U.K. plan

Philips does pension buy-in with Prudential for U.K. plan

Philips Pension Fund, Guildford, England, entered into a £300 million ($509.4 million) pension buy-in with Prudential U.K., its second buy-in in the past year.

July 25, 2014 | 12:16 pm
Federated Investors' AUM drops 4%

Federated Investors' AUM drops 4%

Federated Investors on Thursday reported assets under management of $351.6 billion as of June 30, down 4% from the previous quarter and down 3% from a year earlier.

July 24, 2014 | 05:05 pm
 American Airlines to contribute additional $600 million to pension plans

American Airlines to contribute additional $600 million to pension plans

American Airlines Group Inc. expects to contribute an additional $600 million to its defined benefit plans in 2014, said the company's second-quarter earnings report filed Thursday.

July 24, 2014 | 04:08 pm
  AIMCO’s de Bever points to ‘next frontier’ of investing

AIMCO’s de Bever points to ‘next frontier’ of investing

Leo de Bever, CEO of the C$70 billion (US$65.2 billion) Alberta Investment Management Corp. told participants at a financial analysts conference Thursday that pension funds and other institutional...

July 24, 2014 | 05:19 pm

LaSalle Investment Management adds 2 to client relations team

Leonie Wilkinson and Samer Honein joined LaSalle Investment Management's client relations team.

July 24, 2014 | 10:54 am

OPTrust promotes 2 to private markets co-heads

Gavin Ingram and Sandra Bosela were promoted to co-heads of private markets at OPTrust.

July 24, 2014 | 12:23 pm

University of California deputy CIO is retiring

Mel Stanton, deputy chief investment officer for the University of California, Oakland, is retiring after 24 years.

July 24, 2014 | 04:00 pm

Santa Barbara County posts opening for CEO

Santa Barbara County (Calif.) Employees' Retirement System is searching for a CEO.

July 24, 2014 | 02:25 pm
Marc Faber heavy on gloom and doom at CFA seminar

Marc Faber heavy on gloom and doom at CFA seminar

Marc Faber, publisher of the “Gloom, Doom and Boom” newsletter warned against lofty asset valuations, excessive debt and investor complacency as he discussed his views on the market at a...

July 24, 2014 | 03:53 pm

White House launches rural investment fund

The White House launched a rural infrastructure investment fund Thursday as part of a public/private partnership to attract more investors to rural projects, including energy and infrastructure...

July 24, 2014 | 03:14 pm