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Norwegian government proposes increasing sovereign wealth fund’s equities to 70%

Norwegian government proposes increasing sovereign wealth fund’s equities to 70%

The Norwegian government has proposed an increase in the strategic benchmark equity allocation of the Government Pension Fund Global to 70% and a decrease in the fund’s expected real rate of...

February 17, 2017 | 02:46 pm
Lawsuit accuses T. Rowe Price of self-dealing in company 401(k) plan

Lawsuit accuses T. Rowe Price of self-dealing in company 401(k) plan

T. Rowe Price Group has been sued by a participant in a company 401(k) plan, alleging that the plan offered only T. Rowe Price investment options without considering less-expensive ones.

February 17, 2017 | 01:27 pm
Fidelity's AUM up 4.7% in 2016; institutional assets flat

Fidelity's AUM up 4.7% in 2016; institutional assets flat

Fidelity Investments reported $5.7 trillion in assets under administration as of Dec. 31, of which $2.13 trillion were assets under management.

February 17, 2017 | 01:38 pm

NN Investment Partners names new CEO

Satish Bapat was appointed CEO of NN Investment Partners, effective April 1, replacing Stan Beckers, who is retiring.

February 17, 2017 | 01:49 pm
Illinois Municipal returns 7.9% in 2016, surpassing benchmark

Illinois Municipal returns 7.9% in 2016, surpassing benchmark

Illinois Municipal Retirement Fund reports a preliminary net return of 7.9% in 2016 vs. its custom benchmark return of 7.7%.

February 17, 2017 | 12:16 pm
Consolidated Edison lights up $423 million pension contribution for 2017

Consolidated Edison lights up $423 million pension contribution for 2017

Consolidated Edison Inc. plans to contribute $423 million to its pension plan in 2017.

February 17, 2017 | 11:39 am
PG&E powers up $327 million contribution to pension fund

PG&E powers up $327 million contribution to pension fund

PG&E plans to contribute about $327 million to its pension plan in 2017.

February 17, 2017 | 11:04 am
Markets and FX drive AUM increase for Allianz; PIMCO reports another quarter of inflows

Markets and FX drive AUM increase for Allianz; PIMCO reports another quarter of inflows

Assets under management for Allianz's money management businesses increased 0.6% for the quarter, and 6.1% for the year ended Dec. 31, to €1.871 trillion ($1.971 trillion), bolstered by growth...

February 17, 2017 | 05:23 am

HgCapital closes HgCapital 8 at £2.5 billion

HgCapital has closed European sector-focused private equity fund HgCapital 8 at £2.5 billion ($3.12 billion) after just five months fundraising.

February 16, 2017 | 03:39 pm
Donald Trump taps Alexander Acosta as labor secretary nominee

Donald Trump taps Alexander Acosta as labor secretary nominee

President Donald Trump has nominated Alexander Acosta for secretary of labor, a day after previous nominee Andrew Puzder withdrew.

February 16, 2017 | 11:23 am
GSAM buys strategic partnership portion of Verus' OCIO business

GSAM buys strategic partnership portion of Verus' OCIO business

Goldman Sachs Asset Management has agreed to acquire the strategic partnership portion of Verus Investors' outsourced CIO business.

February 16, 2017 | 03:25 pm
Dallas Police & Fire Pension System, CDK Realty agree to dismiss lawsuits

Dallas Police & Fire Pension System, CDK Realty agree to dismiss lawsuits

The Dallas Police & Fire Pension System and CDK Realty Advisors have agreed to “dismiss with prejudice” claims asserted in lawsuits filed against one another last year.

February 16, 2017 | 02:45 pm
Travelers considers voluntary contributions to pension fund of up to $100 million

Travelers considers voluntary contributions to pension fund of up to $100 million

Travelers Cos. is considering making annual voluntary contributions of $75 million to $100 million to its defined benefit plan beginning this year, the insurer says.

February 16, 2017 | 02:32 pm
Caterpillar digs up $450 million contribution for global DB plans in 2017

Caterpillar digs up $450 million contribution for global DB plans in 2017

Farm-implements maker Caterpillar plans to contribute $450 million to its defined benefit plans in 2017.

February 16, 2017 | 11:04 am
PepsiCo discloses annuity buyout in 2016; plans $130 million contribution to DB plans in 2017

PepsiCo discloses annuity buyout in 2016; plans $130 million contribution to DB plans in 2017

PepsiCo purchased a group annuity contract in 2016 from an insurance company to transfer defined benefit plan liabilities, a regulatory filing shows.

February 16, 2017 | 01:55 pm