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Congress Asset Management to acquire Century Capital's investment management unit

Congress Asset Management to acquire Century Capital's investment management unit

Congress Asset Management agreed to acquire the investment management business of Century Capital Management.

March 30, 2017 | 03:05 pm
North Carolina Retirement Systems terminates 6 managers to reduce fees

North Carolina Retirement Systems terminates 6 managers to reduce fees

North Carolina Retirement Systems terminated six equity managers running a total of $3.3 billion as part of new state Treasurer Dale Folwell's mandate to reduce money management fees by a total of...

March 30, 2017 | 03:54 pm
Vermont revamps asset allocation, adding global equity and private debt

Vermont revamps asset allocation, adding global equity and private debt

Vermont Pension Investment Committee is creating new targets to global equity and private debt and doubling its target to private equity as the result of an asset allocation review of the $4 billion...

March 30, 2017 | 03:24 pm
Dalton Strategic Partnership to purchase MSK Capital Partners

Dalton Strategic Partnership to purchase MSK Capital Partners

Dalton Strategic Partnership has agreed to acquire global equity long/short money manager MSK Capital Partners.

March 30, 2017 | 12:07 pm
CalSTRS' funded status falls to 64% as deficit grows $21 billion following rate reduction

CalSTRS' funded status falls to 64% as deficit grows $21 billion following rate reduction

CalSTRS' unfunded liability increased to $97 billion in the fiscal year ended June 30, a $21 billion increase from the previous year.

March 30, 2017 | 04:10 pm
Legg Mason lays off 30 corporate-level employees

Legg Mason lays off 30 corporate-level employees

Legg Mason cuts about 30 positions, or 3%, at the corporate level to reduce operating costs

March 30, 2017 | 03:09 pm

PIMCO taps Blackstone veteran to head private strategies

Gregory Hall will join PIMCO as managing director, head of private strategies, effective May 1.

March 30, 2017 | 03:48 pm
Senate committee confirms secretary of labor nominee

Senate committee confirms secretary of labor nominee

R. Alexander Acosta was confirmed as secretary of labor by the Senate Health, Education, Labor and Pensions Committee on Thursday.

March 30, 2017 | 01:36 pm
Senate votes to block DOL rules on city 'secure choice' retirement programs

Senate votes to block DOL rules on city 'secure choice' retirement programs

The Senate approved a resolution to block DOL rules allowing cities and other large political subdivisions to set up private-sector retirement savings programs.

March 30, 2017 | 12:31 pm

CalPERS picks director of investment management engagement programs

Clinton L. Stevenson was named investment director of the investment management engagement programs at the $313.2 billion California Public Employees' Retirement System.

March 30, 2017 | 02:12 pm
Amundi teams up with French alternative energies commission for new private equity firm

Amundi teams up with French alternative energies commission for new private equity firm

Money management firm Amundi and the French Alternative Energies and Atomic Energy Commission have teamed up to launch a €230 million technology-focused private equity firm.

March 30, 2017 | 12:53 pm

CFTC appoints enforcement director

James McDonald has been named director of enforcement at the Commodity Futures Trading Commission

March 30, 2017 | 11:10 am
U.K.'s Pensions Regulator outlines guidance for corporate pension plan trustees

U.K.'s Pensions Regulator outlines guidance for corporate pension plan trustees

The Pensions Regulator publishes guidance for trustees of defined benefit funds, outlining factors and approaches related to investment governance, implementation and monitoring.

March 30, 2017 | 10:26 am
Fresno City to slash equity allocation, add private equity, MLPs and infrastructure

Fresno City to slash equity allocation, add private equity, MLPs and infrastructure

Fresno City Retirement Systems adopted a new asset allocation that will decrease the equity portion of the plans to 48% from 60% by 2020.

March 29, 2017 | 03:44 pm
European Commission blocks LSE and Deutsche Bourse merger over competition concerns

European Commission blocks LSE and Deutsche Bourse merger over competition concerns

The European Commission has blocked the proposed merger between Deutsche Bourse and London Stock Exchange Group over concerns it would create “a de facto monopoly in the markets for clearing...

March 29, 2017 | 06:26 am