Board members pull resolution to oust PennPSERS executives
June 11, 2021 05:27:57 PMA resolution calling for a vote for new leadership at the Pennsylvania Public School Employees' Retirement System was withdrawn.
Plan sponsors have room to improve to boost retirement outcomes – report
June 11, 2021 03:36:05 PMParticipants are benefiting from plan sponsors' adoption of recommendations for boosting outcomes, but there remains room for improvement.
Michigan Retirement allocates $1.7 billion in first quarter
June 11, 2021 03:18:35 PMPuerto Rico enacts law to halt pension plan cuts
June 11, 2021 02:51:30 PMPuerto Rico Gov. Pedro R. Pierluisi signed into law a bill preventing future cuts to pension benefits.
AMP Capital names CEO to lead firm through demerger
June 11, 2021 02:34:39 PMAMP Capital tapped a former SSGA executive to take the helm as the firm moves ahead with demerger plans for its private markets businesses.
Alecta invests $100 million in health-focused social bond
June 11, 2021 01:41:34 PMAlecta invested $100 million in a social bond aimed at promoting healthy living in emerging markets.
Nebraska Investment Council steers $30 million to 2 funds
June 11, 2021 01:35:41 PMRaven Industries selects J.P. Morgan fund for 401(k) plan lineup
June 11, 2021 01:09:50 PMAptarGroup picks up Fidelity, drops Vanguard funds from 401(k) lineup
June 11, 2021 01:04:14 PMApplied Industrial Technologies revamps 401(k) lineup with 2 new small-cap growth funds
June 11, 2021 12:59:24 PMHome BancShares revises 401(k) lineup with MFS, Baird fund additions
June 11, 2021 12:46:59 PMHewlett Packard adds Invesco stable value fund to 401(k) lineup
June 11, 2021 12:42:07 PMLos Angeles Water and Power pours $256 million into alts
June 11, 2021 12:37:30 PMState University of New York seeks consultant for 4 DC plans
June 11, 2021 12:33:27 PMOaktree Capital taps managing director to lead diversity push
June 11, 2021 12:27:07 PMJerilyn Castillo McAniff was tapped to lead diversity and inclusion efforts within Oaktree Capital Management's U.S. high yield bond group.
Second Rubio bill aims to halt TSP fund flow to Chinese firms
June 11, 2021 12:19:43 PMSen. Marco Rubio introduced another bill aimed at preventing the Federal Retirement Thrift Board from investing assets in Chinese companies.
U.S. public pension plan funding rises to 74.7% in fiscal year 2021 – CRR
June 11, 2021 12:12:20 PMThe estimated aggregate funding ratio of U.S. public pension plans has increased to 74.7% in fiscal year 2021.
Bipartisan Senate group seals $1.2 trillion infrastructure deal
June 11, 2021 09:44:08 AMA bipartisan group of 10 senators has agreed to pitch a $1.2 trillion eight-year infrastructure spending package to President Joe Biden.
Allianz Global Investors chooses next CIO for equities
June 11, 2021 08:30:39 AMVirginie Maisonneuve joined Allianz Global Investors as global CIO equity, leading the firm's $195.1 billion offering.
Citadel Securities settles with fund over secret algorithm
June 11, 2021 08:22:15 AMCitadel Securities reached a settlement in a lawsuit with a British hedge fund manager over the attempted hiring of a senior trader.
Commentary: Future of portfolio construction lies in adaptive, not static, risk allocation
June 11, 2021 07:00:00 AMAn adaptive risk approach looks under the hood of individual stocks and bonds and allows for more diversification through varying durations.
Building diverse cultures a work in progress
June 11, 2021 07:00:00 AMDespite efforts by investment managers and other financial firms to improve diversity, the industry still is not where it needs to be.
Man Group selects deputy CEO; CIO to retire
June 11, 2021 06:58:59 AMMan Group announced the appointment of Mark Jones as deputy CEO and the retirement of CIO Sandy Rattray, among other boardroom changes.
How diverse is the money management industry
June 11, 2021 06:00:00 AMMuch work has been done on improving diversity in the money management industry, but where are we now?
BlackRock gets regulatory nod to launch China fund company
June 11, 2021 12:22:04 AMThe New York-based giant becomes the first foreign firm to garner a license to launch a wholly owned mutual fund company in mainland China.