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Morningstar hires director for new South Africa investment management unit
trueVictoria Reuvers was named a director and senior investment consultant for Morningstar’s newly launched investment management business in South Africa.
Bell Canada transfers C$5 billion in pension liabilities to Sun Life in longevity swap
trueBell Canada Pension Plan on Tuesday said it transferred C$5 billion (US$4 billion) in pension liabilities for current retirees to Sun Life Financial under a longevity insurance agreement.
Western Asset taps PIMCO veteran as Melbourne-based head of client service
trueMichael Dale joined Western Asset Management Co. in Melbourne, Australia, as head of client service and marketing.
South Korea's NPS sets initial 0.5% hedge fund-of-funds allocation
trueSouth Korea's National Pension Service will make its first allocations to hedge funds starting at the end of this year, said a spokeswoman for the 469 trillion won ($426 billion) Seoul-based pension fund.
AMP Capital named adviser to Mitsubishi UFJ clean-energy investment fund
trueAMP Capital was named adviser for GII Ltd., a Tokyo-based special purpose fund set up by Mitsubishi UFJ Trust and Banking Corp. to make investments in renewable energy assets in Japan.
Aberdeen appoints Asia-Pacific head of segregated property mandates
trueWilliam Shaw was named head of segregated property mandates, Asia Pacific, with Aberdeen Asset Management.
Norges Bank adds $1 billion in China QFII quota, lifting total to $2.5 billion
trueChina’s State Administration of Foreign Exchange awarded Norges Bank Investment Management an additional $1 billion in quota capacity to invest in China’s domestic capital markets under its qualified foreign institutional investor program.
Ontario Municipal Employees returns 10% in 2014
trueOntario Municipal Employees Retirement System returned a net 10% in 2014 vs. a net 6% return a year earlier.
Angolan sovereign wealth fund seeks mine, timber investments
trueAngola's $5 billion sovereign wealth fund, Fundo Soberano de Angola, is seeking investments in mining, timber, health and agriculture in order to diversify its asset base and increase returns.
BlackRock hires head of EMEA hedge fund strategies
trueLuke Dixon joined BlackRock as head of Europe, Middle East and Africa hedge fund investment strategies.
Japan's GPIF posts 5.2% gain for quarter as equity allocations increase
trueJapan’s Government Pension Investment Fund reported a 5.2% investment gain to ¥137 trillion ($1.15 trillion) for the Tokyo-based pension fund’s fiscal third quarter ended Dec. 31.
KKR: Chinese economy has finally reached a tipping point toward services
trueKKR is predicting slower economic growth in China but says there is potential for short-term gains for stocks in 2015. The main driver of this potential is the growth of the services sector - which has overtaken manufacturing and construction as the largest component of the country's GDP (48.2% vs. ...
Allianz reports 144.8 billion euros in net outflows at PIMCO in fourth quarter
trueAssets under management at Allianz's money management arm decreased 3.8% to €1.8 trillion ($2 trillion) in the quarter ended Dec. 31, but were up 1.8% for the year, despite continued outflows following former PIMCO Chief Investment Officer William H. Gross' September departure.
Blue Sky Alternative Investments taps new leader for its hedge fund business
trueNeil Power joined Blue Sky Alternative Investments in Sydney as managing director of the firm's hedge fund division.
Fortress macro fund dropping equity strategy after January loss
trueFortress Investment Group's Michael Novogratz is dropping the stock-picking strategy managed as a part of its macro fund.