Transition management

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  1. 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.

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  1. 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.

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  2. 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.

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  3. 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.

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  4. 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.

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  5. 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.

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  6. Merseyside hires 2 transition managers, retains two others

    trueMerseyside Pension Fund, Liverpool, England, hired Citigroup Global Markets and Nomura International as new transition managers.

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  7. BNY Mellon dumps transition management

    trueBank of New York Mellon is closing its beta and transition management business.

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  8. 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.

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  9. 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.

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  10. 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.

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  11. Texas Prepaid Higher Education Tuition Board wants transition managers

    trueTexas Prepaid Higher Education Tuition Board, Austin, is searching for transition managers for its Texas Guaranteed Tuition Plan.

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  12. France's FRR hires 2 for ESG, adds 3 to transition manager roster

    trueFonds de Reserve pour les Retraites hired BNP Paribas Asset Management and Kleinwort Benson Investors to manage €150 million ($203 million) each in environmental, social and governance investments.

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  13. Merseyside Pension Fund looks for transition managers

    trueMerseyside Pension Fund, Liverpool, England, is searching for transition managers for the £5.8 billion ($9.3 billion) pension fund.

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