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Angolan sovereign wealth fund seeks mine, timber investments

Angola's $5 billion sovereign wealth fund, Fundo Soberano de Angola, is seeking investments in mining, timber, health and agriculture in order to diversify its asset base and increase returns.

February 27, 2015 | 03:08 pm

OM Asset Management's AUM up 3.3% in quarter, 11.1% for year

OM Asset Management reported $220.8 billion in assets under management as of Dec. 31, up 3.3% from Sept. 30 and up 11.1% from Dec. 31, 2013.

February 27, 2015 | 02:34 pm

BlackRock hires head of EMEA hedge fund strategies

Luke Dixon joined BlackRock as head of Europe, Middle East and Africa hedge fund investment strategies.

February 27, 2015 | 01:54 pm

Japan’s GPIF posts 5.2% gain for quarter as equity allocations increase

Japan’s Government Pension Investment Fund reported a 5.2% investment gain to ¥137 trillion ($1.15 trillion) for the Tokyo-based pension fund’s fiscal third quarter ended Dec. 31.

February 27, 2015 | 01:51 pm
NYC comptroller announces group to study retirement plan for private-sector employees

NYC comptroller announces group to study retirement plan for private-sector employees

New York City Comptroller Scott Stringer on Friday identified the members of a retirement security study group who will study ways to provide retirement security to New York City residents who lack...

February 27, 2015 | 01:37 pm

Chicago Metropolitan Water fund names 4 finalists for global bond search

Chicago Metropolitan Water Reclamation District Retirement Fund named four finalists in its search for active global fixed-income managers to run $50 million each.

February 27, 2015 | 12:33 pm
Exxon Mobil to contribute $560 million to non-U.S. pension funds

Exxon Mobil to contribute $560 million to non-U.S. pension funds

Exxon Mobil Corp. expects to contribute $560 million to its non-U.S. pension funds in 2015.

February 26, 2015 | 02:11 pm

Blue Sky Alternative Investments taps new leader for its hedge fund business

Neil Power joined Blue Sky Alternative Investments in Sydney as managing director of the firm's hedge fund division.

February 26, 2015 | 10:28 am

Vanguard increases international equity, bond allocations in target-date funds

Vanguard Group is changing the allocation of its target-date and target-risk funds by raising its international equity and international bond components.

February 26, 2015 | 04:26 pm
Allianz reports 144.8 billion euros in net outflows at PIMCO in fourth quarter

Allianz reports 144.8 billion euros in net outflows at PIMCO in fourth quarter

Assets under management at Allianz's money management arm decreased 3.8% to €1.8 trillion ($2 trillion) in the quarter ended Dec. 31, but were up 1.8% for the year, despite continued outflows...

February 26, 2015 | 12:19 pm
Chicago teachers pension fund hires new executive director

Chicago teachers pension fund hires new executive director

Charles A. Burbridge was named executive director of the $10.8 billion Chicago Public School Teachers' Pension & Retirement Fund, effective March 16.

February 26, 2015 | 11:01 am
Sears plans $275 million contribution to pension funds

Sears plans $275 million contribution to pension funds

Sears Holdings Corp. expects to contribute $275 million to its U.S. pension fund in 2015.

February 26, 2015 | 04:02 pm

GAO report calls for more disclosure to participants in lump-sum offers

U.S. corporate defined benefit plan participants need to be given better information when offered a window to accept lump-sum payments to replace their lifetime benefits, a report from the Government ...

February 26, 2015 | 03:43 pm
Morgan Stanley offers to settle DOJ probe into MBS deals

Morgan Stanley offers to settle DOJ probe into MBS deals

Morgan Stanley agreed to pay $2.6 billion to resolve an investigation by the Department of Justice into its mortgage-backed securities deals.

February 26, 2015 | 02:36 pm

Fortress Investment Group reports 2.2% AUM gain in fourth quarter

Fortress Investment Group reported $67.5 billion in assets under management as of Dec. 31, up 2.2% from three months earlier and up 9.4% from a year earlier.

February 26, 2015 | 02:27 pm