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Former Alaska Permanent Corp. CEO dies
trueMichael J. Burns, former executive director/CEO of the Alaska Permanent Fund Corp., Juneau, has died at age 68.
Northern Trust chooses new DC solutions chief
trueSabrina Bailey, a principal and U.S. defined contribution practice leader for Mercer, is leaving the company to join Northern Trust Asset Management as global head of defined contribution.
Revisions to IORP applauded in U.K.
trueA draft report on the proposal for the second iteration of the European pensions directive, known as the Institutions for Occupational Retirement Provision II, has been broadly welcomed by the U.K.’s trade body for occupational pension funds.
Mercer adds to DC team in London
trueStephen Budge will join consultant Mercer, a spokesman for the firm confirmed.
ADIA names head of Japan for the fund's internal equities department
truestrong>Hisashi Kuroda joined the Abu Dhabi Investment Authority's internal equities department as head of Japan.
Active money managers feel pressure to adjust fees
trueActive money managers that pride themselves on adding value to portfolios increasingly are under fire to justify the fees they charge, and some have realized a refusal to budge will see them increasingly bypassed by investors.
U.K. pension funds team up
trueThis month, the London Pensions Fund Authority and Lancashire County Pension Fund said they will go ahead with a partnership that aims to reduce costs and increase investment opportunities.
Comments about Dodd-Frank
trueAs with any regulatory and legislative efforts, the Dodd-Frank Act has its critics and supporters. To gauge the impact of the law, Pensions & Investments reporters reached out to regulators, architects of the bill, money managers, plan sponsors and others about its effect on institutional ...
PBGC looks to reduce reporting waivers for large plans
trueFewer large defined benefit plan sponsors will be able to skip Section 4010 reporting under a rule change the PBGC will propose shortly.
Ohio School Employees returns 3.87% in fiscal year
trueOhio School Employees Retirement System, Columbus, returned a net 3.87% in the fiscal year ended June 30, matching its benchmark, a spokesman said in an e-mail.
PSP Investment Board posts 14.5% return for fiscal year ended March 31
truePublic Sector Pension Investment Board, Montreal, returned 14.5% in the fiscal year ended March 31, a spokesman said.
CPPIB promotes from within to replace outgoing head of secondaries, co-investments
trueMichael Woodhouse was named managing director and head of secondaries and co-investments at the Canada Pension Plan Investment Board.
Merced County earmarks $7.5 million to agriculture, commodity private equity fund
trueMerced County (Calif.) Employees' Retirement Association committed $7.5 million to private equity fund Blue Road Capital
Oklahoma Teachers puts Advisory Research on watch
trueOklahoma Teachers' Retirement System, Oklahoma City, placed Advisory Research on watch for performance of its $480 million active domestic all-cap equity portfolio, said Tom Spencer, executive director, in an e-mail.
Anthem acquisition of Cigna would create company with $15.6 billion in retirement assets
trueAnthem is acquiring Cigna in a cash and stock transaction valued at $54.2 billion. The combined entity will have $15.6 billion in retirement plan assets.