Latest News

CalSTRS picks UC senior managing director as new deputy CIO

PENSION FUNDS

PENSION FUNDS

Scott Chan will join the California State Teachers' Retirement System as deputy chief investment officer on Aug. 1.
Judge strikes down Kentucky pension reform law

Courts

Courts

A judge ruled Wednesday that a Kentucky pension reform law passed earlier this year was unconstitutional.
White House proposes merging Labor, Education departments

Washington

Washington

The White House announced a plan to combine the Labor and Education departments into the Department of Education and the Workforce.
Cbus CIO: Growing scale, capabilities open door for greenfield investments

Infrastructure

Infrastructure

Cbus CIO Kristian Fok says growth of super assets, internal teams will allow funds to play much broader role in infrastructure investing.
Supreme Court rules SEC in-house judges are subject to appointments clause

Courts

Courts

The Supreme Court ruled that the SEC's in-house judges are not just employees but officers subject to the Constitution's appointments clause.
Colony Capital to acquire several Abraaj funds

PRIVATE EQUITY

PRIVATE EQUITY

Colony Capital has agreed to acquire buyout firm Abraaj Group's Latin American, North African, sub-Saharan African and Turkey funds management business.
Nuveen recruits institutional sales managing director for DCIO

Money Management

Money Management

David Christopher was named managing director, defined contribution investment-only institutional sales at Nuveen.
It's official: DOL fiduciary rule is dead

COURTS

COURTS

After a long delay, the 5th U.S. Circuit Court of Appeals confirmed a March decision to strike down the Labor Department's fiduciary rule.
Bank of England holds interest rates steady, but vote hints at possible increase in August

ECONOMY

ECONOMY

Bank of England left interest rates unchanged in a move that money managers think might be signaling there is room for an August rate hike.
Aliaxis insures 50 million in liabilities in buy-in for U.K. pension fund

Pension Funds

Pension Funds

Aliaxis U.K. Defined Benefit Pension Scheme insured 50 million in liabilities through a buy-in transaction with Just Group.
Australia's New South Wales government launches sovereign wealth fund with A$3 billion

Sovereign Wealth Funds

Sovereign Wealth Funds

Australia's New South Wales set up a sovereign wealth fund with A$3 billion in seed money to better manage public debt.
Carlyle Group closes latest Asia buyout fund at $6.55 billion

PRIVATE EQUITY

PRIVATE EQUITY

Carlyle Group announced the final close of its fifth Asian buyout fund at $6.55 billion, more than 65% bigger than its previous fund.

Money Management

Money Management

Scott Steele, PIMCO's head of Hong Kong and Singapore wealth management, has joined Janus Henderson to lead Asia distribution.
Commentary: Investment themes in the post-trans-Atlantic world

INDUSTRY VOICES

INDUSTRY VOICES

The weakening of Europe's economic dependency on the U.S. is the underlying reason for the weakening of the trans-Atlantic alliance.

Pension Funds

Pension Funds

The CalPERS board on Wednesday approved substantially increasing the compensation of the next chief investment officer.