Asset owners

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  1. Study: Two-thirds want advice for their 401(k)

    trueSixty-seven percent of respondents said they would like personalized investment advice for their 401(k) plan, according to Charles Schwab’s 2015 401(k) participant study. However, only 12% indicated they currently get this type of professional advice in managing their retirement assets.

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  1. Actuaries think more companies will shift to hybrid plans — survey

    trueActuaries expect more U.S. corporations to move to hybrid retirement plans following the adoption of the final regulations established by the Pension Protection Act of 2006, said a survey from the ASPPA College of Pension Actuaries.

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  2. Swedish AP funds form European real estate joint venture with TIAA-CREF

    trueSwedish pension funds AP1 and AP2 joined forces with TIAA-CREF to create a pan-European office investment platform called Cityhold Office Partnership, which intends to build an office portfolio of at least €4 billion ($4.55 billion).

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  3. Prudential taps head of product development for total retirement solutions unit

    trueSnezana Zlatar was named senior vice president and head of product development for the total retirement solutions business of Prudential Retirement, a unit of Prudential Financial.

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  4. Denmark's ATP gains 12% in first 6 months of 2015

    trueDanish pension fund ATP returned 12%, or 11.5 billion Danish kroner ($1.71 billion), on its investments in the six months ended June 30.

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  5. Dallas Police & Fire Pension System names first CIO

    trueJames A. Perry was named chief investment officer of the Dallas Police & Fire Pension System, effective Sept. 1, the pension fund announced Monday.

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  6. PPF signs Pramerica for direct lending

    truePension Protection Fund, London, hired Pramerica Investment Management to run a direct lending portfolio.

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  7. E.W. Scripps makes lump-sum offer

    trueE.W. Scripps Co., Cincinnati, announced Monday it plans to offer lump sums or immediate annuities to about 4,300 former vested employees who participate in the company's defined benefit plans.

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  8. Oklahoma Public Employees records 3.23% for fiscal year

    trueOklahoma Public Employees Retirement System, Oklahoma City, returned 3.23%, gross of fees, for the fiscal year ended June 30, surpassing its policy benchmark by 46 basis points.

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  9. U.S. Steel pension plan move a milestone

    trueUnited States Steel Corp.'s move last week to freeze its defined benefit plans for salaried and non-union employees marks a turning point for U.S. retirement plans.

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  10. San Mateo County earmarks $15 million for agricultural and commodities fund

    trueSan Mateo County Employees' Retirement Association, Redwood City, Calif., committed $15 million to a private equity fund managed by Blue Road Capital

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  11. Arlington County, Va., issues call for bundled provider for DC plans

    trueArlington County, Va., is searching for a bundled provider for its 457 and 401(a) plans.

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  12. Seattle City Employees fund trawling for non-core real estate firms

    trueSeattle City Employees' Retirement System is conducting an invitation-only search for non-core real estate managers, Jason Malinowski, chief investment officer, said in an e-mail.

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  13. Maine PERS commits to 2 funds

    trueMaine Public Employees Retirement System, Augusta, made two new commitments totaling up to $100 million, said James Bennett, deputy chief investment officer, in an e-mail.

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