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No summer lull in transition management
trueJuly – a normally quiet month in transition management – was anything but this year.
Transition management transactions soar in July — Harbor Analytics
trueJuly saw a boom in transition management, based on Harbor Analytics data, with 31 transactions accounting for 27% of total transitions for the first seven months of the year.
Firms turning to overlays for transition management
trueThe changing landscape in transition management and the desire for increased returns on cash have generated new interest in a longtime offering — overlays. The changing landscape in transition management and the desire for increased returns on cash have generated new interest in a longtime offering ...
Asset owners could account for 25% of global ETF usage within 5 years — iShares strategist
trueAsset owners could account for a quarter of exchange-traded fund usage globally in five years, a potentially giant leap from as low as 5% now, according to a senior executive with BlackRock Inc.'s iShares ETF business.
Norfolk County opens searches for transition, real estate and private equity managers
trueNorfolk County Retirement System, Canton, Mass., is seeking a transition manager, a real estate fund-of-funds manager to run up to $10 million and a private equity co-investment manager to run up to $15 million, said RFPs posted on the website of Wainwright Investment Counsel, consultant to the ...
Macquarie expands transition management group
trueMark Dwyer was named head of portfolio solutions, Europe, Middle East and Asia, at Macquarie Securities Group, and Graham Cook was named senior transition manager.
Macquarie, Fidelity pushing into transition business
trueWhile four transition management providers have left the business in the last year, two big-name financial firms are making a go at it with U.S. defined benefit plans.
Transition management keeps shrinking
trueFewer providers are offering transition management services, reflecting changes in the U.S. defined benefit plan market that make it tougher to make money on the business.
Russell Investments picks portfolio manager for transition management
trueLee Clark was named portfolio manager on Russell Investments' transition management team, said a spokeswoman for the firm.
Fort Worth Employees adds Northern Trust as a transition manager
trueFort Worth (Texas) Employees' Retirement Fund added Northern Trust to its approved list of transition managers.
Merseyside hires 2 transition managers, retains two others
trueMerseyside Pension Fund, Liverpool, England, hired Citigroup Global Markets and Nomura International as new transition managers.
BNY Mellon dumps transition management
trueBank of New York Mellon is closing its beta and transition management business.
Ireland's NPRF terminates SSgA from passive equities after transition management fine
trueNational Pensions Reserve Fund, Dublin, has terminated State Street Global Advisors Ireland from a passive equity allocation, a week after an affiliated part of the State Street group was fined for overcharging in its transitions management business.
2013 drop portends transition management shift
trueTransition managers' assets from U.S. pension funds declined 10% to 15% in 2013 as those clients managed more traditional investments internally, reduced the amount that's rebalanced, and increased their allocations to alternative investments.
State Street fined in U.K. for overcharging transition clients
trueThe U.K.'s Financial Conduct Authority has fined State Street U.K. £22.9 million ($37.7 million) for deliberately overcharging six transition management clients between June 2010 and September 2011, to the sum of $20.2 million, according to an FCA statement.