Latest News

Lawsuit dismissed against Kentucky Retirement Systems over alts investments

Courts

Courts

A lawsuit alleging Kentucky Retirement Systems illegally invested some participants' retirement assets in alternatives has been dismissed.
PBGC director's confirmation hearing set for Sept. 27

Washington

Washington

Gordon Hartogensis' nomination to serve as director of the PBGC will be considered Sept. 27 by the Senate Finance Committee.

Pension Funds

Pension Funds

Texas Teacher Retirement System is searching for a director to run the fund's emerging managers program.
McDonald's warned by New York pension fund over chicken welfare

ESG

ESG

New York Comptroller Thomas P. DiNapoli expressed concerns over the "potential financial and reputational risks associated with McDonald's chicken welfare practices."
Emerging Sovereign Group to return $1.3 billion after 17 years in business

Hedge Funds

Hedge Funds

Hedge fund Emerging Sovereign Group is returning money to investors after almost two decades and its founders plan to trade their own capital.
Texas Teachers' returns top benchmark in multiple periods

Pension Funds

Pension Funds

Texas Teacher Retirement System's net returns top their benchmark for all reported periods except the most recent quarter.

ALTERNATIVES

ALTERNATIVES

Richard Cazenove was named partner and senior portfolio manager at Cheyne Capital Management.
Tikehau Capital in exclusive talks to acquire French real estate firm Sofidy

REAL ESTATE

REAL ESTATE

Alternative money manager Tikehau Capital has entered into exclusive negotiations to acquire French real estate firm Sofidy.
University of California posts 8.9% return for endowment, 7.8% for pension fund

Asset Owners

Asset Owners

University of California's general endowment returned a net 8.9% for the fiscal year ended June 30 and its pension fund, 7.8%.
Colonial First State's longtime CEO to leave at end of the year

Money Management

Money Management

Mark Lazberger, the CEO of Colonial First State Global Asset Management since June 2008, will leave the firm in December.
Baltimore County must reimburse workers who overpaid into pension fund, appeals court rules

COURTS

COURTS

Baltimore County must pay back employees who had to contribute to the county's pension fund at a higher rate than their younger co-workers.

MONEY MANAGEMENT

MONEY MANAGEMENT

David Norris was named head of U.S. credit at TwentyFour Asset Management, Vontobel Asset Management's London-based fixed-income boutique.
Harvard endowment is selling warehouses to Blackstone

REAL ESTATE

REAL ESTATE

Blackstone Group agreed to buy a portfolio of warehouses from Harvard University's endowment for about $950 million.
TSP to boost stock allocation in lifecycle funds

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

The Thrift Savings Plan will increase stock allocations in its lifecycle L Funds beginning in January.
Generali creates new manager led by Peter Kraus

MONEY MANAGEMENT

MONEY MANAGEMENT

Assicurazioni Generali has announced the launch of Aperture Investors, founded with and led by former AllianceBernstein CEO Peter Kraus.