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INTECH hires managing director for consultant relations team

INTECH hires managing director for consultant relations team

Adam Craig was named managing director, consultant relations, at INTECH Investment Management, said spokeswoman Ciara Brinkmann.

April 16, 2014 | 12:01 pm
Detroit pension funds reach tentative deals on pension benefit cuts

Detroit pension funds reach tentative deals on pension benefit cuts

Detroit's two public employee pension funds reached separate tentative agreements regarding pension benefit cuts included in the city's revised bankruptcy recovery plan, filed April 1 in U.S....

April 16, 2014 | 03:51 pm

San Diego County Employees to set new asset allocation

San Diego County Employees Retirement Association's investment board is scheduled to select a new asset mix, according to the agenda for the $9.5 billion pension fund's Thursday board meeting.

April 16, 2014 | 04:13 pm

BP Pension Trustees CEO leaves

Sally Bridgeland left as CEO of BP Pension Trustees, Ms. Bridgeland confirmed.

April 16, 2014 | 10:38 am

Riviera Beach retirement system resolves lawsuit with Aaron’s Inc.

Riviera Beach (Fla.) General Employees' Retirement System preliminarily resolved a lawsuit it filed against Aaron's Inc. and its directors accusing the company of illegally restructuring its board in ...

April 16, 2014 | 04:06 pm

Deutsche Bank chooses new chief in makeover of asset servicing division

Rafael Moral was named managing director and global head of Deutsche Bank's new investor services division, comprising agency securities lending, custody, and clearing and fund...

April 16, 2014 | 03:39 pm

Avenue Capital, Fortress co-founders part of group buying NBA's Milwaukee Bucks

The National Basketball Association's Milwaukee Bucks will be sold to a group that includes Avenue Capital Management's Marc Lasry and Fortress Investment Group co-founder Wesley Edens for $550...

April 16, 2014 | 03:57 pm
District court dismisses stock-drop lawsuit against State Street

District court dismisses stock-drop lawsuit against State Street

A federal district court judge has dismissed a stock-drop lawsuit against State Street Bank & Trust Co. in its role as an independent fiduciary for two 401(k) plans sponsored by General Motors Co.

April 16, 2014 | 03:45 pm

Natixis appoints head of business development

Nicholas Elward was named senior vice president, head of business development at Natixis Global Asset Management.

April 16, 2014 | 03:33 pm
PBGC reaches settlement with Saint-Gobain to prevent pension plan takeover

PBGC reaches settlement with Saint-Gobain to prevent pension plan takeover

The PBGC has reached a settlement that will allow Saint-Gobain Containers Inc. to continue as the sponsor of its pension plan following threats by the agency to take possession of the plan.

April 16, 2014 | 02:58 pm
Wells Fargo settles securities lending class-action lawsuit

Wells Fargo settles securities lending class-action lawsuit

Wells Fargo & Co. settled a federal class-action lawsuit led by the $132 million Farmington Hills (Mich.) Employees' Retirement System that claimed the bank breached its fiduciary duty when it lost...

April 16, 2014 | 02:45 pm

BNP Paribas adds new institutional position

Cynthia Sweeney Barnes was appointed head of global segments and Europe, the Middle East and Africa, at BNP Paribas Investment Partners.

April 16, 2014 | 02:13 pm
Milliman: Corporate pension plan funding drops slightly in March

Milliman: Corporate pension plan funding drops slightly in March

The 100 largest U.S. corporate defined benefit plans saw their funding ratios drop slightly in March due to adjustments due to flat investment returns and a slight drop in discount rates, according...

April 16, 2014 | 12:27 pm

Australia's UniSuper invests A$100 million in World Bank green bond issue

UniSuper has become the cornerstone investor for the World Bank's first green bond issue into the Australian market, with an investment of A$100 million (US$93.5 million).

April 16, 2014 | 11:46 am

T. Rowe Price taps Ashmore veteran for senior institutional sales role

David Frazer joined T. Rowe Price in Sydney in a senior institutional sales and relationship role, with the title of relationship management, Australia and New Zealand.

April 16, 2014 | 07:04 am