Asset owners
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N.Y. State Common Retirement Fund's investment return estimated at 5.96%
New York State Common Retirement Fund returned an estimated 5.96% on its investments for the fiscal year ended March 31, Thomas DiNapoli, state comptroller and sole trustee of the fund, said Wednesday.
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2 of 3 firms with DB plans to keep them open to new hires
More than two-thirds of U.S. corporations that offer a defined benefit plan to new employees say they are committed to continue offering the plan to new hires, according to a survey from Towers Watson.
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Waddell & Reed, BlackRock, Norway fund put pedal to metal for F1 stakeWaddell & Reed, BlackRock and Norges Bank Investment Management acquired a combined 21% equity stake in Formula One World Championship Ltd. for a total of $1.6 billion.
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Alaska Permanent on prowl for private markets investment officer
Alaska Permanent Fund Corp. is searching for the $40 billion sovereign wealth fund's first private markets investment officer.
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Vanguard drops DC fund-use requirement for record-keeping clients
Vanguard Group dropped its requirement that defined contribution plan clients select its proprietary index funds, money market funds, target-date funds or balanced funds in order to use the firm's record-keeping services.
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EBRI savings education director to leave
Kenneth J. McDonnell, director of the savings education programs at the Employee Benefit Research Institute, is leaving at the end of June to become director of outreach for the Insured Retirement Institute.
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Facebook nears pricing its IPO for at least $38
Facebook is close to pricing its initial public offering for at least $38 a share, according to people familiar with the matter.
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Transamerica: 54% of workers would switch jobs to get a better DC plan
Fifty-four percent of workers would likely leave their current job to take a “nearly identical” job with a “similar employer” to get a better defined contribution plan, according to a survey by the Transamerica Center for Retirement Studies.
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TIAA-CREF, institutional investors in $2 billion farmland venture
A small number of institutional investors including AP2, British Columbia Investment Management Corp. and the Caisse de Depot et Placement du Quebec formed an investment firm with TIAA-CREF to invest $2 billion in farmland.
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Large pension funds, money managers hold sizable stakes in J.P. Morgan Chase
New York State's employees and teachers retirement systems, CalPERS, CalSTRS and IBM's pension fund own the largest shares of J.P. Morgan Chase & Co. among pension funds.