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Towers Watson: Pay-for-performance disclosures dip in 2014 proxy statements

Towers Watson: Pay-for-performance disclosures dip in 2014 proxy statements

Some 27% of the largest U.S. companies included an executive pay-for-performance discussion in their 2014 proxy statements, down from 28% the previous year, a Towers Watson analysis released Thursday ...

March 26, 2015 | 03:25 pm

Omega hedge fund firm receives federal subpoenas

Billionaire Leon Cooperman, founder of hedge fund Omega Advisors, told clients that his firm has been subpoenaed by the U.S. Attorney’s Office in New Jersey and the Securities and Exchange...

March 26, 2015 | 03:08 pm
eBay revises governance guidelines for board diversity; pension funds withdraw proposal

eBay revises governance guidelines for board diversity; pension funds withdraw proposal

New York State Common Retirement Fund and Trillium Asset Management withdrew a shareholder proposal at eBay Inc., after the company agreed to revise its governance guidelines to include gender and...

March 26, 2015 | 02:44 pm
ICI: U.S. retirement assets near $25 trillion after 1.7% increase in fourth quarter

ICI: U.S. retirement assets near $25 trillion after 1.7% increase in fourth quarter

Total U.S. retirement assets rose 1.7% in the quarter ended Dec. 31 to $24.7 trillion, the Investment Company Institute’s quarterly report said Thursday.

March 26, 2015 | 02:37 pm

Aberdeen Asset Management wants to bolster presence in U.S., North Asia

Aberdeen Asset Management will look to build its presence in the U.S. and North Asia.

March 26, 2015 | 02:35 pm
Bank of England committee to assess U.K. managers’ liquidity oversight

Bank of England committee to assess U.K. managers’ liquidity oversight

The Bank of England’s Financial Policy Committee has called for information to be gathered from money managers in the U.K. about their strategies for managing the liquidity of portfolios in...

March 26, 2015 | 01:24 pm
Korea Investment Corp. looking to add overseas offices in Asia, Middle East

Korea Investment Corp. looking to add overseas offices in Asia, Middle East

Korea Investment Corp. is looking to expand its overseas network with offices in Asia and the Middle East.

March 26, 2015 | 11:38 am
Kentucky pension obligation bond bill fizzles out as legislative session ends

Kentucky pension obligation bond bill fizzles out as legislative session ends

A bill to help prop up the Kentucky Teachers' Retirement System with $3.3 billion in pension obligation bonds fell apart Wednesday after state lawmakers failed to sign off on the proposal before the...

March 25, 2015 | 05:46 pm
BP America CIO leaves for post with American Red Cross

BP America CIO leaves for post with American Red Cross

Gregory T. Williamson, Chicago-based chief investment officer of BP America Inc. and director-trust investments, the Americas, BP PLC, was named CIO of the American Red Cross.

March 25, 2015 | 04:13 pm

Louisiana Firefighters adds 5% allocation to absolute-return fixed income

Louisiana Firefighters' Retirement System, Baton Rouge, is creating a 5% target allocation to absolute-return fixed income following an asset allocation review.

March 25, 2015 | 02:58 pm

Old Mutual Global Investors brings on emerging markets debt head

John Peta joined Old Mutual Global Investors as head of emerging markets debt, a spokeswoman said.

March 25, 2015 | 11:44 am

Colorado PERA adopts new long-term asset allocation with more alternatives

Colorado Public Employees' Retirement Association is boosting its long-term alternatives target allocation and reducing its global equity and fixed-income targets.

March 25, 2015 | 03:41 pm

More transparency sought at FSOC

Members of the Senate Banking, Housing and Urban Affairs Committee pressed for more transparency at the Financial Stability Oversight Council during a hearing Wednesday.

March 25, 2015 | 03:59 pm

Utah Retirement Systems names new deputy CIO

Jason Morrow was named deputy chief investment officer of the Utah Retirement Systems.

March 25, 2015 | 03:33 pm

Carlyle takes stake in fund administration firm Conifer Financial Services

The Carlyle Group will acquire a majority stake in asset services firm Conifer Financial Services, in a deal expected to close in the second quarter.

March 25, 2015 | 02:42 pm