AIF Institute hires former Texas ERS deputy CIO as executive director
January 15, 2021 03:48:44 PMSharmila Chatterjee Kassam was named executive director of AIF Institute, the educational resource arm of economic think tank AIF Global.
New York State Common challenges Tyson’s dual-share stock structure
January 15, 2021 03:45:50 PMNew York State Common Retirement Fund filed a shareholder resolution with Tyson asking the company to eliminate its dual-share stock policy.
Northern Trust to cut 500 jobs
January 15, 2021 03:00:59 PMNorthern Trust is laying off about 500 workers and trimming pay as the bank confronts profitability worries driven by low interest rates.
Varagon Capital fills new business development role
January 15, 2021 02:54:44 PMEdward Kung joined private credit manager Varagon Capital Partners as a managing director of business development and investor relations.
Wells Fargo targets $8 billion in cuts
January 15, 2021 02:48:46 PMWells Fargo is targeting $8 billion in cost savings, to include job cuts and other streamlining efforts, over the next few years.
Maine Public Employees boosts target to alternative credit
January 15, 2021 02:41:23 PMMaine Public Employees' Retirement System increased its target to alternative credit to 7.5% from 5%.
San Jose Federated commits $11 million to real estate fund
January 15, 2021 02:20:09 PMUniversity of Pennsylvania to pay $13 million to settle ERISA case
January 15, 2021 01:56:21 PMUniversity of Pennsylvania agreed to pay $13 million to settle case that alleged ERISA violations in a 403(b) plan.
New law requires MassPRIM to increase diversity of managers, consultants
January 15, 2021 01:49:21 PMMassachusetts Gov. Charlie Baker signed a bill requiring MassPRIM to increase the diversity of the managers and consultants it hires.
Investors tell social media companies to curb disinformation
January 15, 2021 01:42:53 PMInvestors called on major social media companies to address the "urgent threat" of violence leading up to the presidential inauguration.
Managers make further divestments from sanctioned Chinese firms
January 15, 2021 01:31:29 PMBlackRock has sold most of its holdings in China Telecom, the latest divestment from Chinese firms that are the subjects of U.S. sanctions.
Essex Pension Fund on the lookout for private debt manager
January 15, 2021 12:33:55 PMEarly LIBOR shift for derivatives is weighed by clearinghouses
January 15, 2021 12:20:25 PMClearinghouses are weighing whether to shift trillions of dollars of derivatives away from the LIBOR weeks before the benchmark expires.
Fort Lauderdale fund scouting for large-cap manager
January 15, 2021 12:02:02 PMLouisiana School Employees plans $20 million allocation to ArrowMark funds
January 15, 2021 11:56:48 AMArizona Public Safety seeks third-party administrator
January 15, 2021 11:32:47 AMLos Angeles City Deferred Comp narrows list to 2 in manager search
January 15, 2021 11:18:33 AMLos Angeles City Deferred Compensation Plan named two finalists in its search for a stable value manager.
Nomura, SPARX to help individuals invest in unlisted companies
January 15, 2021 10:03:04 AMNomura Holdings and SPARX Group set up a JV to list a fund offering individual investors the chance to invest in unlisted companies.
Ivanhoe Cambridge, PAG announce joint venture for Japan logistics investments
January 15, 2021 08:39:02 AMIvanhoe Cambridge and PAG have formed a joint venture focused on logistics investments for the greater Tokyo and Osaka regions.
Plaintiffs in DST Systems 401(k) suit awarded $79 million
January 14, 2021 04:31:30 PMParticipants in a DST Systems 401(k) plan secured a $79 million payment to settle ERISA complaint against the plan and others.
Impact investors getting savvier, more efficient – report
January 14, 2021 03:49:38 PMImpact investors are getting more sophisticated and efficient as they make performance and capital allocation decisions, a report finds.
Fitch Group in deal to acquire CreditSights
January 14, 2021 03:10:19 PMFitch Group will acquire independent credit research provider CreditSights from the founders for an undisclosed sum.
BlackRock sets record with $8.7 trillion in AUM
January 14, 2021 03:04:48 PMBlackRock's assets under management hit a record $8.7 trillion in the fourth quarter, recording double-digit gains for the quarter and year.
SSGA alum named head of ESG at Mirova
January 14, 2021 02:58:30 PMNathalie Wallace was named head of ESG at Mirova, the responsible investing subsidiary of Natixis.
Capital Group hires BlackRock executive to launch ETF unit
January 14, 2021 02:52:48 PMHolly Framsted will join Capital Group in March in the new position of head of ETFs, leading development and launch of its first ETFs.