Latest News

U.K. risk transfer demand expected to greatly outpace supply over next 10 years — report

U.K. risk transfer demand expected to greatly outpace supply over next 10 years — report

Demand to transfer risk from the defined benefit funds of FTSE 350 companies is set to reach £350 billion ($457.5 billion) by 2026, outstripping supply in the U.K. insurance market, warned...

August 23, 2016 | 03:13 pm

Morgan Stanley Private Equity's head of Korea joins TPG

Sanghoon Lee joined TPG Capital Asia as a partner, tasked with leading the global alternatives firm's investment activities in South Korea.

August 23, 2016 | 12:51 am

Gramercy Funds hires managing director, co-head of trading

Chistopher Tackney joined emerging markets specialist Gramercy Funds Management as managing director and co-head of trading.

August 23, 2016 | 02:35 pm
Texas Employees eyes $750 million in private equity commitments for next fiscal year

Texas Employees eyes $750 million in private equity commitments for next fiscal year

Texas Employees Retirement System approved a tactical investment plan for fiscal year 2017 to commit $750 million total to between six and 10 private equity funds, including co-investments, for its...

August 23, 2016 | 04:22 pm
Apollo to pay $52.7 million to settle SEC charges on accelerated monitoring fees

Apollo to pay $52.7 million to settle SEC charges on accelerated monitoring fees

Apollo Global Management agreed to pay $52.7 million to settle Securities and Exchange Commission charges that some of its private equity funds misled fund investors about fees and a loan agreement,...

August 23, 2016 | 03:49 pm

Och-Ziff said to trim management fees for main hedge funds

Och-Ziff Capital Management Group, the hedge fund that's under investigation by U.S. authorities over whether it broke anti-bribery laws, plans to cut management fees for its main funds, people with...

August 23, 2016 | 03:03 pm

Kentucky court orders reinstatement of board member, allows reforms to proceed

Kentucky Gov. Matt Bevin can move forward with his reorganization of the Kentucky Retirement Systems’ board of trustees, but must restore Thomas K. Elliott as a board member, a Circuit Court...

August 23, 2016 | 02:52 pm
AP2 posts 3.7% return in first half of 2016

AP2 posts 3.7% return in first half of 2016

AP2 returned 3.7% over the six months ended June 30, 70 basis points below its benchmark, with assets climbing 2.5% to 308 billion Swedish kronor ($36.2 billion).

August 23, 2016 | 01:47 pm

Soaring pension fund liabilities hurting cash flow at U.K. corporations

U.K. corporations are facing a “cash flow drain” as the post-Brexit interest rate cut and additional quantitative easing is set to inflate pension fund liabilities, warned Fitch Ratings.

August 23, 2016 | 11:59 am
TJX Cos. offers lump sum to former employees yet to retire

TJX Cos. offers lump sum to former employees yet to retire

TJX Cos. Inc., Framingham, Mass., is offering a lump-sum window for former employees who are vested in its U.S. pension plan but who have yet to receive benefits, said a 8-K filing with the...

August 23, 2016 | 11:51 am
Foundations fail to eke out positive return in 2015 — report

Foundations fail to eke out positive return in 2015 — report

Foundations had flat returns in fiscal year 2015 ended Dec. 31, said a report from Commonfund Institute and the Council on Foundations.

August 23, 2016 | 08:30 am
New target for fiduciary lawsuits

New target for fiduciary lawsuits

Nearly a dozen of the nation's largest universities are facing litigation over their 403(b) plans, accused of similar fiduciary-duty breaches that have bedeviled 401(k) plan sponsors.

August 22, 2016
Commodities starting to pull away from market bottom

Commodities starting to pull away from market bottom

The saying that everybody has a price is beginning to ring true in the commodities sector, with some investors convinced the asset class is, in parts, becoming attractive.

August 22, 2016
Distressed debt managers eyeing Chinese market

Distressed debt managers eyeing Chinese market

Foreign distressed debt managers are eyeing the surge of non-performing loans on Chinese bank balance sheets for investment opportunities in a system that's long favored local managers.

August 22, 2016
Managers turn to deconstructing alpha and beta

Managers turn to deconstructing alpha and beta

At the request of their institutional clients, hedge funds-of-funds managers are researching ways to combine beta-isolating risk factors and alpha-producing hedge funds to offer cheaper, higher-...

August 22, 2016