Latest News

Pensions Infrastructure Platform recruiting for investment team

Pensions Infrastructure Platform, an organization designed to give pension funds greater access to infrastructure projects in the U.K., is currently recruiting to build its in-house investment team.

February 25, 2015 | 03:20 pm

Fortress macro fund dropping equity strategy after January loss

Fortress Investment Group's Michael Novogratz is dropping the stock-picking strategy managed as a part of its macro fund.

February 25, 2015 | 04:28 pm

Gryphon Investors hires former chairman of New Jersey State Investment Council

Robert E. Grady will join private equity firm Gryphon Investors as a partner on March 2, a new position.

February 25, 2015 | 04:18 pm
Quebec's Caisse returns 12% in 2014, surpassing its benchmark

Quebec's Caisse returns 12% in 2014, surpassing its benchmark

Caisse de Depot et Placement du Quebec on Wednesday reported a 12% investment return in 2014, generating C$23.3 billion (US$18.7 billion) in net assets.

February 25, 2015 | 03:25 pm

Federal Thrift Savings Plan chooses new CIO

Ravindra Deo was named chief investment officer of the Federal Retirement Thrift Investment Board on Wednesday.

February 25, 2015 | 03:52 pm

River and Mercantile Group bolsters U.K. institutional distribution team

Jenny Yoe was named managing director, head of U.K. institutional for River and Mercantile Group, one of four recruitments or promotions for the U.K. institutional distribution team.

February 25, 2015 | 03:40 pm
ConocoPhillips, Textron power up contributions to global pension funds

ConocoPhillips, Textron power up contributions to global pension funds

ConocoPhillips Co. expects to contribute about $300 million total to its global qualified and non-qualified pension and post-retirement benefit plans in 2015, while Textron Inc. plans to contribute a ...

February 25, 2015 | 01:27 pm
Merchant Navy Ratings plan gets approval to require all employers to pay down deficit

Merchant Navy Ratings plan gets approval to require all employers to pay down deficit

Trustees of the Merchant Navy Ratings Pension Fund won approval from the High Court of Justice on Wednesday to introduce a new deficit contribution plan that requires all employers to pay...

February 25, 2015 | 02:01 pm

New Jersey committee recommends freezing state pension fund, creating cash balance plan

The New Jersey Pension and Health Benefit Study Commission recommended freezing the $76.8 billion New Jersey Pension Fund and creating a new cash balance plan for current and future participants.

February 24, 2015 | 04:19 pm
N.J. governor's budgeted pension contribution less than half of amount promised

N.J. governor's budgeted pension contribution less than half of amount promised

New Jersey Gov. Chris Christie proposed a fiscal year 2016 budget Tuesday that cuts a promised pension payment by more than half a day after a judge ruled he must contribute an additional $1.6...

February 24, 2015 | 12:26 pm

Obama appoints new chairwoman of PBGC advisory committee

Joyce Mader was named chairwoman of the Pension Benefit Guaranty Corp.’s advisory committee on Tuesday.

February 24, 2015 | 04:26 pm
AT&T dials up $735 million pension fund contribution

AT&T dials up $735 million pension fund contribution

AT&T Inc., Dallas, plans to contribute $735 million to its pension funds in 2015.

February 24, 2015 | 04:17 pm
Supreme Court hears arguments on fiduciary breach lawsuit; decision expected before summer

Supreme Court hears arguments on fiduciary breach lawsuit; decision expected before summer

The Supreme Court heard arguments Tuesday in a case questioning how to interpret the Employee Retirement Income Security Act's six-year statute of limitations on fiduciary breach lawsuits.

February 24, 2015 | 04:12 pm

Sustainable investing strategy AUM soars 61% in 2 years — report

Assets under management incorporating sustainability investment strategies reached $21.1 trillion globally as of the beginning of 2014, up 61% from the onset of 2012, said the “Global...

February 24, 2015 | 03:56 pm

Money manager group calls for European high-yield market guide revamp

A group of 21 global managers believe Europe’s high-yield market needs a revamp, referring to the U.S. for comparison and inspiration.

February 24, 2015 | 03:41 pm