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Alabama Trust Fund taps 4 international equity managers
trueAlabama Trust Fund, Montgomery, hired Artisan Partners Asset Management, Invesco, Lazard Asset Management, and Thompson, Siegel & Walmsley to run an undetermined amount in active international equity.
The unexpected costs of rebalancing and how to address them
trueInvestors commonly rebalance their portfolios to maintain desired asset allocations as prices change. But rebalancing can magnify drawdowns when there are pronounced divergences in asset performance.
Segal Rogerscasey recruits pension risk and asset liability consultant
trueMichael Wright was named senior vice president and senior consultant at Segal Rogerscasey.
Pension contribution changes part of Philadelphia's deal with union
truePhiladelphia reached a tentative seven-year contract agreement with the representatives from the city's largest municipal workers' union, AFSCME District Council 33, that will increase employee contributions to the pension fund and allow new employees the choice between a hybrid plan and the ...
Norges Bank Investment Management restructures investment departments
trueNorges Bank Investment Management has restructured its investment departments in line with a new strategy plan for Norway’s Government Pension Fund Global, Oslo, a spokesman said.
Robert Nagle, an architect of ERISA, dies at 84
trueRobert E. Nagle, who as general counsel of the Senate Committee on Labor and Public Welfare was one of the architects of the Employee Retirement Income Security Act of 1974, died on Saturday night in McLean, Va., following a battle with cancer. He was 84.
HKMA's head of direct investments for private equity, real estate departs
trueHuh Yong-Hak stepped down on July 23 as head of the Hong Kong Monetary Authority's direct investments in private equity and real estate.
A new DC plan to replace current patchwork system
trueOur nation needs to replace its existing retirement system — now.
South African funds don't invest in their backyard
trueIt is not just European and U.S. pension funds that are slow to invest in the opportunities available on the Africa continent: South Africa-based funds also need encouragement.
Start putting together those Eddy Award entries
trueSummer is almost over, so it's time to think about applying for the annual Eddy Awards sponsored by Pensions & Investments.
An asset owner meets challenges of cost, performance
trueIn reaction to criticism of costs and performance, Karl Koch, chief investment officer of the $27.65 billion Iowa Public Employees' Retirement System, Des Moines, posted on its website the following response on the use of active and passive investment management as well as performance and fees. The ...
Asset owners mull tightening control on trade execution
trueAsset owners are paying a lot more attention to where their money managers execute trades — decisions that have generally been left to the discretion of the managers — and some are considering directing their managers to avoid specific venues.
NASRA taps LASERS executive director as next president
trueCindy Rougeou was named president of the executive committee of the National Association of State Retirement Administrators.
Global retirement systems must be reformed — EY report
trueThere is a general acceptance among industry experts, policymakers and governments that global retirement systems must be reformed
Lawsuit against Financial Engines a red flag for plan executives
trueGRQ Investment Management filed a lawsuit Aug. 8 against Financial Engines and Financial Engines Advisors in U.S. District Court claiming Financial Engines infringed on a pair of patents belonging to GRQ.