Watch breaking news videos and read news updates about International on pionline.com
Florida SBA sells private equity stakes to Partners Group
trueFlorida State Board of Administration, Tallahassee, sold its stakes in eight limited partnerships in which it invested a combined €314.8 million ($401.5 million) in European private equity, John Kuczwanski, FSBA communications manager, said in an e-mailed response to questions.
EIOPA chairman calls for more governance, transparency
trueA simpler set of products from the pensions industry could lead to less stringent regulation, said Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority.
PIMCO promotes manager to lead Asia strategies
trueLuke Spajic was named by Pacific Investment Management Co. to run its portfolio management effort in Asia.
Texas County & District puts $50 million in Asia private equity
trueTexas County & District Retirement System, Austin, committed $50 million to Baring Asia Private Equity Fund VI, said Russ Rhea, spokesman for the $23 billion pension fund, in an e-mail.
Germany's BVK favors buyout, hedge funds
trueGermany’s biggest public pension fund plans to invest more in private equity and hedge funds and reduce its bond holdings as low interest rates curb returns.
Geldof makes case at NAPF conference for new areas of pension fund investment
trueThe case for investing in new markets and asset classes is stronger than ever, given "ridiculous" bond yields, said Sir Bob Geldof, musician, business entrepreneur and political activist.
Australia's Future Fund returns 2.9% in fiscal first quarter
trueAustralia’s Future Fund Wednesday reported a 2.9% gain for its fiscal first quarter ended Sept. 30, lifting the value of its investment portfolio to A$104.5 billion (US$91.7 billion).
University of Guelph seeks consultant for asset/liability study
trueUniversity of Guelph (Ontario) is searching for an investment consultant to conduct an asset/liability study of its three defined benefit plans with a combined C$854 million (US$757 million) in assets.
EIOPA renews consideration of solvency rules for pension funds
trueThe European Insurance and Occupational Pensions Authority has published a consultation paper on the potential for applying solvency rules to pension funds, in a move that has attracted concern from the U.K. pensions industry.
F&C hires head of European distribution
trueGeorg Kyd-Rebenburg was appointed head of European wholesale distribution at F&C Investments, said a spokeswoman.
EFAMA appoints head of new public policy department
trueGabriela Diezhandino joined the European Fund and Asset Management Association as head of the public policy department.
U.S. investors not buying European equity pitch
trueMoney managers, consultants and economists are growing increasingly positive on the case for European equities, citing relatively cheap valuations and further expected moves by the European Central Bank to boost the economy.
GARP managers hold firm on EAFE portfolios despite losses
trueSome global growth-at-a-reasonable price money managers are coping with client losses stemming from underperforming Europe, Australasia and Far East strategies.
Caisse invests in Manulife's new home
trueCaisse de Depot et Placement du Quebec, Montreal, and Manulife Financial reached agreement to build a new home for the combined staff of Manulife and Standard Life Investments' Canadian operations, which Manulife is acquiring.
Nikko Asset Management promotes 3
trueRoger Bridges, Andre Severino and John Vail were given expanded roles within Nikko Asset Management’s investment team.