Online News

Viewing stories published on November, 7, 2017. Click here to view latest.

North Carolina launches in-house passive equities program

Pension Funds -

Pension Funds -

North Carolina Retirement Systems launched an initiative to handle passive index investing in equities.
MAPFRE takes 25% stake in La Financiere Responsable

MONEY MANAGEMENT -

MONEY MANAGEMENT -

MAPFRE Group, an insurance and money management firm, acquired a 25% stake in investment boutique La Financiere Responsable.
Pershing Square nominees defeated in ADP proxy fight

Governance -

Governance -

Pershing Square Capital Management lost its proxy fight with Automatic Data Processing.
Alaska Retirement puts DePrince on watch for microcap equities, makes changes to DC plans

Retirement Funds -

Retirement Funds -

Alaska Retirement Management Board put a pension plan manager on watch and approved several changes to its defined contribution plans.
Sen. Sherrod Brown to unveil multiemployer loan program legislation

Legislation -

Legislation -

Ohio Sen. Sherrod Brown plans to introduce legislation that would allow struggling multiemployer pension funds to borrow from the U.S. Treasury to remain solvent.
DowDuPont completes annuity buyout for non-qualified Dow Chemical pension plan

Pension Funds -

Pension Funds -

DowDuPont purchased a group annuity contract to transfer $410 million of pension plan liabilities of the former Dow Chemical.
J.P. Morgan settles lawsuit on alleged fiduciary breach in stable value funds

Courts -

Courts -

J.P. Morgan has settled an ERISA class-action lawsuit alleging a breach of fiduciary duty in its stable value fund for $75 million.
Public pension plans lead quarterly returns in BNY Mellon, Wilshire universes

Markets -

Markets -

Institutional investors gained about 3.3% in the third quarter, said recent data from BNY Mellon and Wilshire Associates.
Fitch lays out its approach to incorporating ESG in its ratings

ESG -

ESG -

Fitch Ratings outlined its approach to incorporating environmental, social and governance risk into its work in a new report.
CIC is said to join Goldman Sachs for $5 billion U.S. investment fund

Sovereign Wealth Funds -

Sovereign Wealth Funds -

China's sovereign wealth fund has tapped Goldman Sachs Group to help invest as much as $5 billion in the U.S. manufacturing industry.
SSGA names new CEO; Ronald O'Hanley to succeed Jay Hooley as CEO of parent company

Money Management -

Money Management -

​Cyrus Taraporevala was named president and CEO of State Street Global Advisors.

Alternatives -

Alternatives -

Takudzwa Mutasa was named principal at Development Partners International.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Jed Plafker was named executive vice president of global advisory services at Franklin Templeton Investments.
Quebec Pension Plan adds enhancements mirroring CPP

PENSION FUNDS -

PENSION FUNDS -

Quebec Pension Plan will add an enhancement to the C$62.2 billion plan that mirrors enhancements approved last year to the Canada Pension Plan.