Online News

U.K. MP challenges fate of Scottish pension plan

Pension Funds

Pension Funds

A company's sale has raised questions for The Pensions Regulator after it was disclosed the new owner will not be taking over the pension fund.
DC plan execs warned of unintended consequences of design changes

Defined Contribution

Defined Contribution

DC plan execs are cautioned over unintended consequences of changes in a BlackRock report.
New Hampshire extends NEPC contract

Pension Funds

Pension Funds

New Hampshire Retirement System's independent investment committee recommended renewing NEPC's contract.
AllianceBernstein to acquire Autonomous Research

MONEY MANAGEMENT

MONEY MANAGEMENT

AllianceBernstein announced it will acquire Autonomous Research, which provides research on global financial services and fintech companies.
GAM announces staff cuts, realigns investment units

Money Managers

Money Managers

Money manager GAM will consolidate investment teams across its fixed-income and equity units, resulting in staff cuts.

Money Management

Money Management

Anthony Maniscalco joined Investcorp as managing partner and head of a new strategy that seeks minority stakes in alternative managers.
TJX transfers $207 million in liabilities in pension buyout

PENSION FUNDS

PENSION FUNDS

TJX Cos. purchased a group annuity contract to transfer $207 million in U.S. pension liabilities.
Commentary: The coming crackup in middle-market corporate credit

INDUSTRY VOICES

INDUSTRY VOICES

When the next financial crisis will hit remains uncertain but it appears that middle-market credit will be in its crosshairs when it does.
EU screening of foreign investment approved by negotiators

REGULATION

REGULATION

Representatives of EU governments and the European Parliament agreed on draft legislation to screen foreign direct investments.
Fund Evaluation Group names new president, CEO

Consultants

Consultants

Rebecca S. Wood was named president and CEO of investment consultant Fund Evaluation Group.

Pension Funds

Pension Funds

Heather Quelch was named head of pensions administration at TPT Retirement Solutions.
Local 805 Teamsters cleared for benefit reductions; IBEW Local 237 applies

Pension Funds

Pension Funds

Local 805 of the International Brotherhood of Teamsters Pension & Retirement Fund can begin reducing benefits beginning Jan. 1.
Minnesota notches 3.5% return in third quarter

PENSION FUNDS

PENSION FUNDS

Minnesota State Board of Investment returned 3.5% on its investments in the third quarter and 9.8% for the 12 months ended Sept. 30.
BlackRock is said to weigh setting up mutual funds unit in China

MONEY MANAGEMENT

MONEY MANAGEMENT

BlackRock is considering seeking a mutual funds license in China.
Paulson acquiring stake in BrightSphere

Money Management

Money Management

Alternatives asset manager Paulson & Co. is acquiring a nearly 25% stake in BrightSphere Investment Group.