Latest News

Andrew Carter, father of active bond management, dies at 74

Andrew M. Carter — the father of active bond management who also created the first bond index fund and was considered “one of the finest math guys” in fixed income — built a...

October 22, 2014 | 04:15 pm
SEC rejects applications for non-transparent ETFs

SEC rejects applications for non-transparent ETFs

The Securities and Exchange Commission has declined an appeal by active fund managers to allow ETFs to trade without disclosing their underlying holdings.

October 22, 2014 | 02:49 pm

Alameda County commits additional $15 million to Angelo Gordon fund

Alameda County Employees' Retirement Association made a follow-on commitment of $15 million to AG Opportunistic Whole Loan Fund, a direct loan fund that invests in residential mortgage loans managed...

October 22, 2014 | 01:19 pm

Allstate Investments outlines real estate strategy at ULI conference

Allstate Investments has altered its real estate investing strategies while also becoming net sellers of properties, bringing the size of its real estate portfolio down to $3.5 billion from $4...

October 22, 2014 | 04:26 pm

Cornell endowment posts 15.8% return

Cornell University’s long-term investments returned 15.8% in the fiscal year ended June 30, the Ithaca, N.Y.-based university announced on Tuesday.

October 22, 2014 | 03:57 pm

Chicago gets new city treasurer

Kurt Summers Jr. on Wednesday was appointed Chicago city treasurer by Mayor Rahm Emanuel, effective Dec. 1.

October 22, 2014 | 03:52 pm

Fifth Street backs off IPO plans

Fifth Street Asset Management announced on Wednesday it plans to withdraw an initial public offering that was intended to raise $200 million.

October 22, 2014 | 03:44 pm

Towers Watson launches non-profit think tank to improve investment industry

Towers Watson is launching a global, non-profit think tank comprising asset owners, investment managers and other services providers that will focus on improving the investment industry for end savers.

October 22, 2014 | 03:37 pm
Ryder System offers lump sums to former employees

Ryder System offers lump sums to former employees

Ryder System Inc. is offering a lump-sum payment to about 11,000 former employees vested in its frozen U.S. defined benefit plan, the company announced in an SEC filing on Wednesday.

October 22, 2014 | 03:28 pm
Boeing contributes $750 million to pension funds in 3rd quarter

Boeing contributes $750 million to pension funds in 3rd quarter

Boeing Co. contributed $750 million to its defined benefit plans in the quarter ended Sept. 30, the company said Wednesday in a Securities and Exchange Commission filing.

October 22, 2014 | 03:17 pm

SSgA appoints chief portfolio strategist

Lori Heinel was named chief portfolio strategist at State Street Global Advisors.

October 22, 2014 | 02:25 pm

BNP Paribas hires equities director for institutional business

Guy Davies joined BNP Paribas Investment Partners as director-equities in its institutional business unit.

October 22, 2014 | 01:44 pm

Santa Barbara County takes interim tag off new CEO

Greg Levin was named CEO of the $2.5 billion Santa Barbara County (Calif.) Employees’ Retirement System.

October 22, 2014 | 01:36 pm
New Orleans mayor creates pension reform group to sustain firefighters plan

New Orleans mayor creates pension reform group to sustain firefighters plan

New Orleans Mayor Mitch Landrieu signed an executive order establishing a pension reform working group to recommend changes to the New Orleans Fire Fighters Pension & Relief Fund.

October 22, 2014 | 01:01 pm
Northern Trust AUM dips for quarter, rises 9.1% for year

Northern Trust AUM dips for quarter, rises 9.1% for year

Northern Trust Corp. reported total assets under management of $923.3 billion as of Sept. 30, a 0.1% decrease from three months earlier but up 9.1% from a year earlier, said its third-quarter...

October 22, 2014 | 11:36 am