Franklin Templeton will acquire Aviva's U.S. investment-grade credit strategies and track records and hire four employees to manage the funds.
Dini Ajmani resigned as assistant state treasurer in New Jersey to join the U.S. Department of the Treasury.
U.K. financial regulators issued recommendations aimed at making it easier for DC plan participants to invest in less-liquid assets.
Duke University's endowment returned 55.9% for the latest fiscal year, bringing its assets to a record $12.7 billion.
Apax Partners closed its latest private equity fund, Apax Digital Fund II, at $1.75 billion.
Carlton W. Lenoir Sr. was named interim chief investment officer of the Chicago Public School Teachers' Pension & Retirement Fund.
Tennessee Consolidated Retirement System returned a net 25.6% for the fiscal year that ended June 30.
Ara Partners closed its latest private equity fund, Ara Fund II, at $1.1 billion, above its initial target of $650 million.
Overseas investments helped fuel a gain of 0.8% in investment assets even as workers tapped savings at the Employees Provident Fund.
Boston University will divest from fossil fuels, effective immediately.
Todd B. Sisitsky was installed into the new position of president of TPG.
Rob Treich was named head of public markets at London CIV, a pool of London local authority pension funds.
Maya Bhandari was named global head of multiasset at BNP Paribas Asset Management.
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Missouri Local Government Employees Retirement System logged a net return of 29.5% for the fiscal year ended June 30.
Eneasz Kadziela was named head of private equity in the bureau of asset management for New York City Retirement Systems.
Crow Holdings closed value-added real estate fund Crow Holdings Realty Partners IX with $2.3 billion, plus $265 million in co-investments.
Total assets of health savings accounts reached $92.9 billion as of June 30, with investments accounting for an estimated $30.4 billion.
John D. and Catherine T. MacArthur Foundation announced plans to divest from fossil fuels.
University of Illinois System's endowment pool returned a net 27.7% for the latest fiscal year.