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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.