CalPERS reported its unfunded liability grew $27.3 billion to $138.6 billion as of June 30, 2016, prompting criticism from a think tank.
Revolution Ventures closed a venture capital fund with commitments from a who's who list of money managers and entrepreneurs.
PAG hired a Geneva-based quantitative investment and research team that previously worked at Pictet Group.
Frank Engels was named head of portfolio management at Union Investment, taking over from Bjorn Jesch on Jan. 1.
Active management continues to gain favor among institutional investors who predict higher volatility and asset bubbles in 2018.
The U.K. comes last in a ranking of future gross replacement rates at 22%, finds a new report by the Organization for Economic Cooperation and Development.
The SEC is investigating whether some banks crossed the line to win business by offering hedge funds bogus price quotes on hard-to-value bonds.
Chad Crank was named a managing director at private equity firm Grain Management.
Vinay Nadkarni was named head of global business development at ClearBridge Investments, a new position.
More U.S. defined contribution plans have implemented auto enrollment and auto escalation.
FINRA has censured BB&T Investment Services for having overcharged retirement plans and charitable organizations in their purchases of mutual funds.
Overall risks to financial stability are still moderate, but new vulnerabilities include elevated market risk and cybersecurity incidents.
New Orleans City Employees' Retirement System might see changes in its retirement age and cost-of-living adjustment.
U.K. pension funds allocated an average 29% of assets to equities as of March 31, with U.K.-listed equities declining in portfolios.
Jerome Powell was approved by the Senate Banking Committee to become the next chairman of the Federal Reserve board of governors.