Owais Rana, a former managing director and head of pension liability-driven investment solutions at Conning, is joining RiskFirst.
Connecticut is joining a growing number of major public pension plans that have hired chief risk officers since the 2008 financial crisis.
Teradyne purchased a group annuity contract from an insurance company to transfer about $151 million in pension plan liabilities.
The U.K.'s bulk annuity market could hit a record £30 billion ($39 billion) this year, says consultant Aon.
The pension buyout trend shows no signs of slowing down, although how many more jumbo deals are in the offing is unclear.
Not everyone is in agreement that pension risk transfers leave a plan sponsor with less risk.
Rising volatility is motivating asset owners to take a close look at investment strategies that mitigate risk or seek to find alpha.
Donny Hay was named a director at IC Select, a provider of oversight and selection services that also announced a new OCIO disclosure standard.
The SEC's recent guidance on cybersecurity disclosure doesn't ease pressure on investors to seek more transparency, sources said
MetLife disclosed it has not paid about 13,500 participants in its group annuity population over the past 25 years.
Arrow Electronics transferred about $42 million in U.S. pension plan liabilities to an insurance company following the purchase of a group annuity contract.
Rockwell Collins Inc. purchased a group annuity contract to transfer $103 million in pension plan liabilities to an insurance company.
More U.S. corporations than ever are offloading pension fund liabilities, and doing so more strategically.
Pensions & Investments has published a new database on pension risk transfers.
European pension funds again are grappling with foreign-exchange risk, given the euro's rise against other major currencies.
The Plumbing & Mechanical Services (U.K.) Industry Pension Scheme completed a £560 million buy-in with Legal & General.
Much of the U.S. economy's tepid growth can be traced to policies that hinder stakeholders from engaging in economic risk-taking or accepting uncertainty.
Some money managers say clients are bullish about investing overseas and willing to take more risks internationally than in the past few years.
Asset owners are becoming more concerned with geopolitical risks, but they're also more bullish about global investing.
Given the inherent focus on sustainability, core infrastructure exposure is increasingly prized in institutional portfolios -- and reflected in the price.
Institutional investors' approach to asset allocation is evolving as certain style factors are increasingly integrated into portfolio construction frameworks.
Oregon Investment Council is seeking to bulk up staff to insource more assets and lower costs as it seeks to derisk its portfolio.
Realistic plan design, structured for the long term, is key to addressing the longevity and market risks that might otherwise stand in the way of broad-based retirement security.
Institutional investors are raising their exposure to riskier assets in the pursuit of better returns even as they attempt to increase their efforts to manage risk in order to balance liquidity and long-term growth objectives.