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Uebelein has big shoes to fill at AIMCo
trueKevin Uebelein, who on Nov. 19 was named the new CEO of the C$76 billion (US$70 billion) Alberta Investment Management Corp., has some big shoes to fill. But AIMCo’s chairman said he’s a perfect fit to make the money manager more “client-centric.”
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trueSandro Pierri will leave Pioneer Investments as CEO next year.
AMP Capital names first global head of infrastructure equity, makes other changes
trueBoe Pahari was promoted to global head of infrastructure equity at AMP Capital.
Aviva to exit hedge funds-of-funds business as it shrinks U.S. operations
trueAviva PLC, Britain's second-biggest insurer, said its investment arm plans to exit its hedge funds-of-funds businesses as it scales back in the U.S.
Cambridge Retirement System seeks first emerging markets debt manager
trueCambridge (Mass.) Retirement System is searching for an emerging markets debt manager to run about $30 million.
Japan's GPIF returns 2.9% in latest quarter
trueJapan’s Government Pension Investment Fund announced Tuesday the value of its investment portfolio was $130.9 trillion yen ($1.11 trillion) as of the Sept. 30 close of its fiscal second quarter.
OECD warns European Central bank needs stronger policies to avoid stagnation
trueThe European Central Bank must implement stronger policies if it is to avoid a prolonged period of stagnation, and to prevent unintended effects to other economies, warned the Organization for Economic Co-operation and Development.
Alcentra closes European direct lending fund at just over $1 billion
trueAlcentra Group’s European Direct Lending Fund held a final close of €850 million ($1.06 billion).
EU threat of soft-dollar ban still alive, raising questions for managers
trueThe possibility of European regulations banning the use of soft dollars for third-party research is alive and well, despite talk in the U.K. and Europe that regulators would settle for something that falls short of a ban.
Corporate Japan might take lesson from GPIF
trueThe Government Pension Investment Fund's recent shift to more aggressive investment targets could be followed soon by significant reforms to Japan's corporate retirement system.
University of British Columbia faculty eyes fossil-fuel divestment for endowment
trueUniversity of British Columbia Faculty Association members early next year will vote on whether to ask the university's board of governors to divest its C$1.35 billion (US$1.19 billion) Vancouver-based endowment's holdings in fossil-fuel stocks within five years.
Dutch manager MN to cut 200 jobs as part of 4-year 'efficiency' program
trueDutch money manager MN has launched a four-year cost-cutting and efficiency program in the Netherlands that will include the loss of more than 200 full-time jobs, said a spokeswoman for the firm.
Mercer acquires Swiss private markets manager/consultant
trueMercer will acquire Swiss private markets manager and consultant SCM Strategic Capital Management, strengthening its alternative investment capabilities.
LGM taps new head of China equities
trueStephen Ma joined LGM Investments as head of Greater China equities and senior portfolio manager, a spokeswoman said.
Amundi appoints deputy CEO for alternatives business
trueMichael Hart joined Amundi’s alternative investment unit as deputy CEO and global head of business development, a spokeswoman said.