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2 professors win Markowitz prize for paper on sovereign wealth risk management
trueZvi Bodie and Marie Briere were named winners of the $10,000 Harry M. Markowitz Award prize.
Colorado PERA considering asset allocation changes
trueColorado Public Employees' Retirement Association is working on an implementation plan for potential asset allocation changes.
California Secure Choice scouting for help with feasibility study, plan design
trueCalifornia Secure Choice Retirement Savings Investment Board is searching for a firm to conduct a market analysis and feasibility study and serve as a program design consultant.
Group of 16 U.K. pension funds publish responsible investment guide
trueA group of 16 U.K. pension funds, representing more than £200 billion ($300.9 billion) of assets, has thrown its weight behind a new guide to responsible investment.
Study: Retirement crisis real and getting worse
trueMore than half of all American households do not have enough put away for retirement, and the problem is getting worse, said new research from the Center for American Progress.
Obama tax proposals may be DOA
truePresident Barack Obama's State of the Union speech Jan. 20 mentioned only broadly his vision for helping middle-class workers save more for retirement, but he's poised to submit proposals to Congress on Feb. 2 as part of his fiscal 2016 budget.
Pension fund performance up on strong markets
trueAnother strong year for equity markets, coupled with the year's comeback in bonds, propelled the investment returns for pension funds in seven major markets in 2014.
Salisbury retiring as head of EBRI
trueIt is hard to imagine the Employee Benefit Research Institute without Dallas Salisbury.
Alberta Investment Management hires new CIO
trueDale MacMaster was named chief investment officer at the C$80 billion (US$64.5 billion) Alberta Investment Management Corp., Edmonton.
Real estate investors ramping up risk, moving from commingled funds
trueReal estate investors are investing in riskier properties while accepting lower returns and longer periods of illiquidity or lockup periods, said speakers Wednesday at IMN's 12th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing Conference in Laguna Beach, Calif.
Obama leaves retirement issues out of speech, but proposals loom for budget address
trueWhile President Barack Obama spoke in only broad strokes in his State of the Union speech Tuesday about his vision for helping the middle class save more for retirement at work, and for rebalancing a tax code that he said favors the wealthy, industry sources questioned the necessity of some ...
CFA Institute names new president, CEO
truePaul H. Smith was named president and CEO of the CFA Institute, effective Tuesday.
HSBC survey: Retirement savings not a top priority
trueEighty-one percent of working-age people said that saving for retirement is not their main priority, according to HSBC’s latest annual The Future of Retirement survey.
Hatch lays out retirement savings agenda for Senate Finance Committee
trueTax reform that includes a broader base and lower rates, and new retirement savings incentives, will be top priorities of the Senate Finance Committee, incoming Chairman Orrin Hatch, R-Utah, said Tuesday at the U.S. Chamber of Commerce.
Freeport-McMoRan to pay $137.5 million to end pension fund-led lawsuits
trueFreeport-McMoRan Inc. agreed to pay $137.5 million to resolve investor lawsuits alleging executives of the largest publicly traded copper producer had conflicts that tainted the 2012 buyouts of two oil and natural gas companies.