Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2022 Retirement Income Conference
    • 2022 Managing Pension Risk & Liabilities
    • 2022 WorldPensionSummit
Breadcrumb
  1. Home
  2. Print
September 06, 1999 01:00 AM

DEUTSCHE PICKS UP 10

  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    Deutsche Asset Management Americas hired eight people from State Street Global Advisors and two from other companies to shore up its index, enhanced index, alternative investment and active quantitative investment teams. Deutsche lost 12 passive management staff members earlier this summer to Merrill Lynch.

    Dean S. Barr joined as managing director and head of global quantitative and index strategies. He was CIO of global active quantitative strategies and director of research at SSgA; he won't be replaced.

    Joshua Feuerman joined Deutsche as managing director of international quantitative strategies. He formerly was a portfolio manager and head of international quantitative equity strategies at SSgA. He was replaced by Michael C. Schoeck, investment manager for SSgA's international developed markets equity portfolio.

    Richard Goldman joined Deutsche as managing director and head of institutional sales. Previously, he was head of corporate defined benefit sales for SSgA's northeast region. Mr. Goldman brought with him to Deutsche his defined benefit sales force from SSgA: Maureen Garrity; Catherine Manning and Andrew Salem. They will not be replaced. Kenneth Yip and Thomas Picciochi, both SSgA analysts, joined Deutsche as, respectively, managing director of quantitative research, and director and senior research analyst.

    Also joining were Jason Papastavrou and Kevin Brady.

    Alaska eyes alternatives

    The $26.1 billion Alaska Permanent Fund will look into alternative investments now that a state basket clause was passed, allowing up to 5% of the fund to be invested in alternatives.

    U.K. merger expected

    The expected acquisition of U.K. life assurer Legal & General Group by National Westminster Bank should create a banking and insurance group with L144 billion ($230.4 billion) in assets under management.

    The banks confirmed they were in merger talks and a deal, with an estimated price tag of L10 billion, is expected this week.

    World Bank reviews plans

    The World Bank expects to complete asset-liability studies on its $1 billion benefits plan, which is used to pay health benefits, and $11 billion defined benefit pension plan by early October, said Ronald van der Wouden. The results will help determine the long-term investment policy for each of the plans, he said.

    Separately, World Bank is performing due diligence on hedge fund managers specializing in long-short strategies and expects to hire two for its defined benefit plan by year end.

    Asset-liability study set

    United Way of the Texas Gulf Coast will begin an asset-liability study after completing a manager review to see if changes are needed for its $41 million defined benefit plan, said Mario Gomez, director of media relations. AIM Advisors, which runs a domestic fixed-income portfolio, and Mellon Capital Management, a domestic equity manager, will be reviewed. Salomon Smith Barney will conduct the review and study. No timetable was set.

    University hires 8

    Central Michigan University's $37 million endowment hired eight managers adding international equities as a new asset class, said Jonas Cook, associate vice president of business and finance. The new asset mix is 60% domestic equities, 30% domestic fixed income and 10% international equities. Commonfund was hired to run an $18.7 million S&P 500 index portfolio and a domestic fixed-income portfolio of as yet undetermined size; Lazard, active EAFE, $2.75 million; Rowe Price-Fleming, active EAFE, $2 million; Loomis Sayles, domestic small-cap growth, $2.6 million; Dimensional Fund Advisors, domestic small-cap value, $2.6 million; Cramer Rosenthal McGlynn, domestic midcap value, $4 million; Seneca Capital Management, domestic midcap growth, $4 million; and Allegiance Capital, domestic fixed income, undetermined.

    Funding will come from terminating a U.S. equity portfolio and reducing a U.S. fixed-income portfolio run by BancOne.

    Fund commits to private equity

    The board of the $46.5 billion Pennsylvania Public School Employees' Retirement System has approved two private equity commitments: up to $87.5 million to Wicks Communications & Media Partners, and up to $62.5 million to LLR Equity Partners. It also OK'd the sale of Austin Shopping Centers for $103.5 million.

    Group seeks ERISA update

    The Coalition for Retirement Security commemorated the 25th anniversary of ERISA by calling for the law to be updated to prevent workers from losing pensions promised to them. The grassroots organization has targeted unfair pension practices it says can be stopped only if loopholes are plugged.

    Allocation study set

    Kalamazoo College is studying the asset allocation of its $100 million endowment and could add venture capital or real estate, said Chris Thomas, controller. Fund Evaluation Group is expected to complete the study by October.

    Danish fund hires

    Pensionskasserne Administration, Hellerup, Denmark, with E7.3 billion (U.S.$7.8 billion) in assets, hired Scottish Widows Investment Management to run E100 million in euroland equities.

    KLM fund names exec

    Hans Thoman was appointed managing director of KLM Pensioenfondsenkantoor, the 14.2 billion guilder ($6.6 billion) KLM pension funds for pilots, cabin personnel and ground staff. He is managing director for the 6.9 billion guilder Pensioenfonds DSM and will join KLM Jan. 1.

    PBGC ready for 2000

    The PBGC says it is ready for the 21st century, having tested its computer systems and asserted they are ready to handle the date change. Still, since the agency routinely sends out pension checks at the end of each month, the January pension checks will be sent out at the end of December.

    San Francisco commits

    The board of the $10.2 billion San Francisco City and County Employees' Retirement System approved a commitment of up to $25 million in Yorktown Energy Partners IV.

    Pohlman to PanAgora

    Larry Pohlman has joined PanAgora Asset Management as director of research, replacing John Capeci, who left to join Arrowstreet Capital. He was director of fixed-income research at Independence Investment Associates

    Recommended for You
    Read the print edition of P&I
    Read the print edition of P&I
    How low is low? Projections say it's not low enough
    How low is low? Projections say it's not low enough
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    New SEC Rule on Fair Pricing Determination Needs Careful Consideration
    Sponsored Content: New SEC Rule on Fair Pricing Determination Needs Careful Consideration

    Reader Poll

    June 6, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Nearing the finish line: Ideas on end-state investing for corporate DB plans
    The Meaning of "Portfolio Intelligence"
    Credit Indices: Closing the Fixed Income Evolutionary Gap
    Forever in Style: Benchmarking with the Morningstar® Broad Style Indexes℠
    Crossroads: Politics, Inflation, & Bonds
    Is there a mid-cap gap in your DC plan?
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    June 20, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2022 Retirement Income Conference
      • 2022 Managing Pension Risk & Liabilities
      • 2022 WorldPensionSummit