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Shell endorses shareholder proposal on climate risk disclosure
trueRoyal Dutch Shell PLC on Thursday endorsed a shareholder proposal at the company filed by a group of global pension funds and other institutional investors calling for more disclosure by the company on climate risk.
Barclays: Bulk of hedge fund asset growth since crisis came from performance
trueHedge fund industry assets more than doubled to $2.85 trillion in the six-year period since the global financial crisis with about 88% of the growth attributable to investment performance, said a new report released Thursday from Barclays’ prime services capital solutions division.
Manulife Asset Management names president of Canadian business
trueRoger Renaud was named president, Canada, at Manulife Asset Management.
CPPIB commits C$330 million to Canadian private equity fund of funds
trueCanada Pension Plan Investment Board committed C$330 million (US$260 million) to a new Canadian private equity fund of funds managed by Northleaf Capital Partners.
Ontario Power Generation chooses Mercer exec as director of private markets
trueRyan Bisch joined Ontario Power Generation as director, private markets, for the firm's investment funds.
Robeco's assets under management climb 20% in 2014 to record high
trueRobeco Groep reported assets under management of €246 billion ($278.7 billion), a nearly 20% increase and an all-time high for the money manager, for the year ended Dec. 31.
Western Australia government employees' fund moves to Northern Trust for custody
trueGovernment Employees Superannuation Board, Perth, Australia, hired Northern Trust as global custodian.
New Zealand Super posts 13.89% return in 2014 on equity gains, lower NZ dollar
trueNew Zealand Superannuation Fund returned 13.89% in 2014, exceeding its benchmark by 147 basis points and bringing the value of its portfolio to NZ$27.54 billion (US$20.53).
FRR seeks corporate bond managers to run $9.6 billion
trueFonds de Reserve pour les Retraites is searching for one or more managers to run a combined €8.5 billion ($9.6 billion) in euro- and U.S. dollar-denominated corporate bonds.
CPPIB promotes chief talent officer to oversee external partnership division
truePierre Lavallee was named senior managing director and global head of investment partnerships at the C$234.4 billion (US$189.1 billion) Canada Pension Plan Investment Board.
Cambridge Retirement System seeks emerging markets, international equity managers
trueCambridge (Mass.) Retirement System is searching for an emerging markets equity manager to run about $100 million and a high alpha, concentrated international equity manager to run about $30 million.
Consultant bfinance chooses director of private markets
trueWitold Witkiewicz joined investment consultant bfinance as director, private markets.
PSP Investments picks CPPIB executive as new CEO
trueAndre Bourbonnais was named president and CEO of the C$99.5 billion (US$80.2 billion) Public Sector Pension Investment Board, Montreal.
Pension fund managers push Oracle on several shareholder issues
truePGGM NV and RPMI Railpen called on Oracle Corp. to implement proxy access, adopt an executive compensation structure shareholders can support and develop a policy to allow shareholders to communicate directly with the board.
CTA, global macro strategies to benefit from ECB's quantitative easing
trueHedge fund managers in aggregate suffered little damage in the previous two weeks from the removal of the euro cap on the Swiss franc by the Swiss National Bank, and some strategies “stand to win” from the European Central Bank's monetary expansion program, Lyxor Asset Management research showed.