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Viewing stories published on October, 2, 2017. Click here to view latest.

Manning & Napier restructures to combat series of misfortunes

Money Management -

Money Management -

Manning & Napier is losing clients, staff and assets. But the firm is refocusing its priorities, which its president hopes could pay off.
Structured credit funds no longer big business

HEDGE FUNDS -

HEDGE FUNDS -

Structured credit hedge funds are losing their luster and assets.
SunLink to contribute $140 million to pension plan this fiscal year

Pension Funds -

Pension Funds -

SunLink Health Systems plans to contribute about $140 million to its frozen U.S. defined benefit plan in the fiscal year ending June 30, 2018.
Managers still see magic with ETFs, wading into the market despite crowds

SPECIAL REPORT: INDEX MANAGERS -

SPECIAL REPORT: INDEX MANAGERS -

With ETF inflows smashing records and passive gaining assets at the expense of active, more managers are seeking a slice of the pie.
Index providers reap a real bonanza from passive push

ETFS -

ETFS -

The rise of passive investing has resulted in a major boon for index providers.

Money Management -

Money Management -

J.P. Morgan Asset Management added two executives — Mark Oldcorn and Charles Matterson — to its global insurance solutions team.
Investors courting litigation finance for profit potential

Investing
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Investing
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Corporate litigation finance investments are attracting assets from endowments as well as attention from pension funds.
Chicago Policemen's plan chooses 5 finalists for hedge fund-of-funds search

HEDGE FUNDS -

HEDGE FUNDS -

Chicago police pension plan picks five finalists for customized long/short equity hedge fund-of-funds allocation.
Supreme Court declines to hear ABB-Tussey investment mapping case

COURTS -

COURTS -

The U.S. Supreme Court announced it declined to hear a long-running ERISA case involving ABB Inc. and participants in two ABB 401(k) plans.
Japan reappoints GPIF leadership; board of governors inaugurated

DEFINED BENEFIT -

DEFINED BENEFIT -

The pension giant extends the tenure of its president and chief investment officer and introduces a board of governors with enhanced oversight.
Cliffwater: U.S. state pension plans returned a median annualized 5.9% over 10 years

PENSION FUNDS -

PENSION FUNDS -

U.S. state pension plans returned a median annualized 5.9% for the 10 years ended June 30, 2016, vs. 6.8% for the 10 years ended June 30, 2015.
International Paper buys group annuity covering $1.3 billion in pension liabilities

DEFINED BENEFIT -

DEFINED BENEFIT -

International Paper Co. purchased a group annuity contract from Prudential to transfer about $1.3 billion in U.S. pension plan liabilities.
Sprott Asset Management to acquire precious metals manager Central Fund of Canada

Money Management -

Money Management -

Sprott Asset Management announced it would acquire precious metals asset manager Central Fund of Canada for C$120 million in cash and stock.
Pension funding for Russell 3000 companies rises 2.1 points in Q3 — report

Pension Funds -

Pension Funds -

The average funded status of corporate pension plans sponsored by Russell 3000 firms rose an estimated 2.1 percentage points in Q3 to 85.4%.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Reto Schwager was appointed CEO of Schroder Adveq.