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AlphaMetrix to pay $5.6 million in penalties, restitution for diverting rebates

AlphaMetrix to pay $5.6 million in penalties, restitution for diverting rebates

AlphaMetrix will pay a $2.8 million penalty and an additional $2.8 million in restitution to participants in its commodities trading pool for taking rebates that were to be reinvested into its pools...

December 18, 2014 | 01:20 pm
Institutional investment in Cuba 'could be years away' after U.S. restores relations

Institutional investment in Cuba 'could be years away' after U.S. restores relations

President Barack Obama's announcement Wednesday that the U.S. and Cuba would restore diplomatic relations won't open up U.S. institutional investment in the Caribbean nation anytime soon.

December 17, 2014 | 03:41 pm
San Francisco pension board member faces ethics complaints over investments

San Francisco pension board member faces ethics complaints over investments

Ethics complaints against San Francisco City & County Employees' Retirement System board member Wendy Paskin-Jordan could force her off the board.

December 17, 2014 | 04:32 pm

McKinsey: Strong money manager growth buoyed by non-traditional strategies

The global money management industry has seen very strong growth since the financial crisis, although more specialized approaches have been more successful than traditional money management...

December 17, 2014 | 08:00 am

Fed will be ‘patient’ in raising rates

Federal Open Market Committee members announced Wednesday they “can be patient in beginning to normalize the stance of monetary policy,” said a statement at the end of a two-day meeting.

December 17, 2014 | 03:35 pm

Texas Municipal taps first private equity director from Kentucky Retirement Systems

Chris Schelling is joining the Texas Municipal Retirement System as its first director of private equity.

December 17, 2014 | 03:19 pm
Japan’s GPIF moves closer to replacing president with board

Japan’s GPIF moves closer to replacing president with board

Japan’s $1.1 trillion Government Pension Investment Fund moved a step closer to installing a board of directors to replace the current system in which sole power lies with the president.

December 17, 2014 | 02:15 pm
NCR Corp. agrees to partial pension buyout with Principal Life Insurance

NCR Corp. agrees to partial pension buyout with Principal Life Insurance

NCR Corp. announced Wednesday it has purchased a group annuity contract from Principal Life Insurance Co. to transfer about $160 million in pension liabilities, representing 4,500 retirees receiving...

December 17, 2014 | 11:03 am

Energy Spectrum Capital closes seventh fund at $1.225 billion

Energy Spectrum Capital closed its Energy Spectrum Partners VII with $1.225 billion, hitting its $1.2 billion hard cap for limited partner commitments and surpassing its $1 billion target.

December 17, 2014 | 01:43 pm

MetLife Investment Management hires managing director for investor service team

Amy Cummings was named managing director of the investor services team at MetLife Investment Management.

December 17, 2014 | 01:39 pm
Voya Investment Management appoints head of U.S. institutional sales

Voya Investment Management appoints head of U.S. institutional sales

Ken Sarafa was named senior vice president and head of U.S. institutional sales and relationship management at Voya Investment Management.

December 17, 2014 | 12:53 pm

Man Group to add leveraged loan manager Silvermine Capital to stable

Man Group agreed to acquire Stamford, Conn.-based leveraged loan manager Silvermine Capital Management, the latest of four deals to expand its presence in the U.S.

December 17, 2014 | 12:48 pm
J.P. Morgan Asset Management acquires Aviva's Asia-Pacific real estate business

J.P. Morgan Asset Management acquires Aviva's Asia-Pacific real estate business

J.P. Morgan Asset Management acquired Aviva Investors' Asia-Pacific real estate business and is taking on the entire 16-person team from Aviva and $1.2 billion of diversified assets in Australia, New ...

December 17, 2014 | 09:40 am
Lockheed reaches agreement to settle 401(k) fee case

Lockheed reaches agreement to settle 401(k) fee case

A class-action lawsuit brought by employees of Lockheed Martin Corp. alleging excessive 401(k) plan fees is in the process of being settled.

December 16, 2014 | 05:40 pm
Unions file lawsuit challenging constitutionality of Chicago pension reform law

Unions file lawsuit challenging constitutionality of Chicago pension reform law

Four labor unions, along with active and retired city workers, filed a lawsuit Tuesday that argues a Chicago pension reform law violates Illinois' constitutional clause that pension benefits should...

December 16, 2014 | 03:58 pm