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3 BlackRock veterans head to Asia in iShares reshuffle
trueGeir Espeskog, a BlackRock managing director and the firm's head of iShares for the Nordics, has been named iShares head of distribution for the Asia Pacific region, part of a broader reshuffle of BlackRock's iShares lineup that will bring a New York-based director to Tokyo and a London-based ...
ERAFP on lookout for Asia-Pacific SRI equity managers to run €400 million
trueEtablissement de Retraite Additionnelle de la Fonction Publique, Paris, is searching for three money managers to run a total of €400 million ($501 million) allocation to a socially responsible investing strategy for Asia-Pacific equities.
Aegon Asset Management, La Banque Postale to form partnership
trueAegon Asset Management and La Banque Postale Asset Management entered into discussions to form a strategic money management partnership that will see Aegon take a 25% minority stake in LBPAM.
Cuba's largest export partners
trueCanada and China top the list of Cuba's largest trading partners, according to the latest data from the CIA World Factbook. In 2012, Canada accounted for 17.7% of the country's exports, followed by China (16.9%), Venezuela (12.5%) and the Netherlands (9%).
Institutional investment in Cuba 'could be years away' after U.S. restores relations
truePresident Barack Obama's announcement Wednesday that the U.S. and Cuba would restore diplomatic relations won't open up U.S. institutional investment in the Caribbean nation anytime soon.
Japan's GPIF moves closer to replacing president with board
trueJapan’s $1.1 trillion Government Pension Investment Fund moved a step closer to installing a board of directors to replace the current system in which sole power lies with the president.
J.P. Morgan Asset Management acquires Aviva's Asia-Pacific real estate business
trueJ.P. Morgan Asset Management acquired Aviva Investors' Asia-Pacific real estate business and is taking on the entire 16-person team from Aviva and $1.2 billion of diversified assets in Australia, New Zealand, Japan and Singapore.
Ontario Finance Ministry seeks actuary to help create supplemental pension plan
trueOntario Ministry of Finance issued an RFP for an actuarial consulting firm to assist in creating the province’s proposed supplemental defined benefit plan.
Canadian pension fund, manager take part in large PetSmart, Riverbed deals
trueCaisse de Depot et Placement du Quebec, Montreal, was part of the consortium led by private equity firm BC Partners to buy PetSmart Inc., the largest pet store chain in the U.S., for about US$8.3 billion in the biggest leveraged buyout deal for an American company this year.
South Africa's Pension Investment Corp. appoints new CEO
trueDaniel Matjila was named executive director and CEO of the 1.6 trillion South African rand ($151.3 billion) pension fund Public Investment Corp.
Australia Future Fund's head of equities to depart
trueElspeth Lumsden, head of equities for the Future Fund, will be leaving the A$104 billion (US$86 billion) Melbourne-based fund to return to “full-time study.”
CIBC said to mull offer for LSE's Russell Investments
trueCanadian Imperial Bank of Commerce is weighing a bid for Russell Investments,which London Stock Exchange Group is preparing to sell early next year.
Hawaii Employees makes $20 million commitment to Japanese real estate fund
trueHawaii Employees' Retirement System committed $20 million to Fortress Japan Opportunity Fund III.
Supplemental DB plan legislation introduced in Ontario
trueThe Ontario Finance Ministry introduced legislation to create a mandatory provincial defined benefit plan to supplement the C$234.4 billion (US$204.8 billion) Canada Pension Plan, Ottawa, and a separate pooled provincial defined contribution retirement plan.
William Blair boosts European consultant relations team
truePeter Gibson was hired at William Blair & Co. to lead consultant relations in Europe, said spokesman Matt Rogers.