North Carolina Retirement Systems launched an initiative to handle passive index investing in equities.
MAPFRE Group, an insurance and money management firm, acquired a 25% stake in investment boutique La Financiere Responsable.
Pershing Square Capital Management lost its proxy fight with Automatic Data Processing.
Alaska Retirement Management Board put a pension plan manager on watch and approved several changes to its defined contribution plans.
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 purchased a group annuity contract to transfer $410 million of pension plan liabilities of the former Dow Chemical.
J.P. Morgan has settled an ERISA class-action lawsuit alleging a breach of fiduciary duty in its stable value fund for $75 million.
Institutional investors gained about 3.3% in the third quarter, said recent data from BNY Mellon and Wilshire Associates.
Fitch Ratings outlined its approach to incorporating environmental, social and governance risk into its work in a new report.
China's sovereign wealth fund has tapped Goldman Sachs Group to help invest as much as $5 billion in the U.S. manufacturing industry.
Cyrus Taraporevala was named president and CEO of State Street Global Advisors.
Takudzwa Mutasa was named principal at Development Partners International.
Jed Plafker was named executive vice president of global advisory services at Franklin Templeton Investments.
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.