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Pension contribution changes part of Philadelphia's deal with union

Pension contribution changes part of Philadelphia's deal with union

Philadelphia reached a tentative seven-year contract agreement with the representatives from the city's largest municipal workers' union, AFSCME District Council 33, that will increase employee...

August 25, 2014 | 04:24 pm
Iowa PERS returns 15.88% for fiscal year

Iowa PERS returns 15.88% for fiscal year

Iowa Public Employees' Retirement System returned 15.88% for the fiscal year ended June 30.

August 25, 2014 | 03:49 pm

Dallas Police & Fire chooses executive search firm

Dallas Police & Fire Pension System hired Hudepohl & Associates to assist the $3.4 billion pension fund in its search for a permanent administrator.

August 25, 2014 | 04:05 pm
Oklahoma Public Employees eyes Great-West for new DC plans

Oklahoma Public Employees eyes Great-West for new DC plans

Oklahoma Public Employees Retirement System will start negotiations with Great-West Retirement Services to provide record-keeping and stable value services for its new defined contribution plan.

August 25, 2014 | 03:57 pm
Sarasota Police Officers' plan cuts PIMCO allocation

Sarasota Police Officers' plan cuts PIMCO allocation

Sarasota (Fla.) Police Officers' Pension Fund is reducing the portfolio of active domestic core fixed-income manager Pacific Investment Management Co. by $20 million.

August 25, 2014 | 03:10 pm

CFTC appoints new secretary

Christopher J. Kirkpatrick was named secretary of the Commodity Futures Trading Commission.

August 25, 2014 | 02:14 pm
Houston mayor proposes new DB plan for incoming firefighters

Houston mayor proposes new DB plan for incoming firefighters

Houston Mayor Annise Parker unveiled a proposal for a new defined benefit plan for incoming city firefighters on Thursday.

August 22, 2014 | 04:09 pm

AXA's head of U.K. institutional resigns

Madeline Forrester, head of U.K. institutional at AXA Investment Managers, has resigned from the firm for a new opportunity, a company statement said.

August 22, 2014 | 01:47 pm
Yellen facing hard call on when labor market has healed

Yellen facing hard call on when labor market has healed

Federal Reserve Chairwoman Janet Yellen said she still isn't satisfied with the U.S. labor market. Deciding when she is won't be easy.

August 22, 2014 | 03:44 pm

Hermes hires head of fixed income

Zoe Shaw joined Hermes Fund Managers as head of fixed income, said a spokeswoman.

August 22, 2014 | 10:23 am

Blackstone said to be in talks to back new distressed fund

Blackstone Group is in talks to back a Hong Kong-based distressed fund started by Jason Brown, a former global head of Goldman Sachs Group special situations group, said two people with knowledge of...

August 22, 2014 | 02:54 pm

Interserve pension plan agrees to buy-in with Aviva

The trustees of the Interserve Pension Scheme, Reading, England, have agreed to a buy-in with Aviva PLC to cover £300 million ($497.8 million) of pension liabilities, said a spokesman for the...

August 22, 2014 | 01:37 pm

Austin Police Retirement System narrows hedge fund-of-funds search

Austin (Texas) Police Retirement System is considering four managers to run $30 million in a hedge fund-of-funds strategy, said Sampson Jordan, CEO of the $622 million pension fund, in an e-mail.

August 22, 2014 | 10:03 am
Financial services companies have best pension funding ratio — report

Financial services companies have best pension funding ratio — report

Financial services companies have the best funded defined benefit plans compared to other business sectors, said a report from BNY Mellon's investment strategy and solutions group.

August 21, 2014 | 03:17 pm
High-speed traders enlist former CFTC commissioner to improve image

High-speed traders enlist former CFTC commissioner to improve image

Former U.S. Commodity Futures Trading Commission member Bart Chilton, an outspoken critic of some high-speed trading practices while at the agency, has been enlisted in a Washington-based effort to...

August 21, 2014 | 05:08 pm