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New Hampshire Retirement goes with Manulife for global bond strategy
trueNew Hampshire Retirement System hired Manulife Asset Management to run $200 million in an active global multisector fixed-income portfolio.
Principal Financial appoints president to oversee all businesses
trueDaniel J. Houston was named president and chief operating officer of Principal Financial Group.
AutoNation adds 3 investment options, target-date funds
trueAutoNation Inc., Fort Lauderdale, Fla., is adding three investment options and a new target-date fund lineup, and removing four investment options and its company stock fund in its 401(k) plan following a review by the company’s benefits committee.
S&P Dow Jones Indices: Evidence supports Santa Claus rally is real
trueS&P Dow Jones Indices conducted an analysis to test the theory of a “Santa Claus rally” and found evidence supporting the phenomenon actually exists.
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.
Standard Life Investments boosts multiasset team
trueChris Faulkner-MacDonagh and Alex Wolf joined Standard Life Investments’ multiasset global strategy team, a spokeswoman said.
U.S. real estate still attractive to foreign institutional investors
trueForeign capital is flooding into U.S. real estate despite lower return expectations.
Credit Suisse gets temporary asset manager exemption from DOL
trueThe Department of Labor is deferring a final decision on Credit Suisse’s bid for permission to continue providing asset management services to retirement plans, after its banking entity pleaded guilty to helping U.S. citizens avoid taxes overseas.
Justice Department, SEC probe State Street over political contributions
trueThe Justice Department and Securities and Exchange Commission are investigating State Street Corp. concerning the custody bank's solicitation of business from public pension funds, including “at least one instance” when one of its consultants made political contributions during and after a public ...
Munro shaking up Aviva Investors
trueEuan Munro, CEO at Aviva Investors, has made big changes not only to investment processes, but also to personnel, in his quest to bring the money manager to the forefront of institutional decision-makers' minds.
Allianz reports €49.2 billion in PIMCO outflows in third quarter
trueClients withdrew about €30 billion ($37.3 billion) of assets from PIMCO funds in the days following Chief Investment Officer William H. Gross' departure on Sept. 26, said Dieter Wemmer, chief financial officer at parent company Allianz.
Metropolitan District Commission seeks managers for 7 strategies
trueMetropolitan District Commission, Hartford, Conn., is looking for managers to run a total of $170 million across seven strategies for its $200 million pension fund, said William Dahab, principal and director of research at Dahab Associates, investment consultant for the commission.
Unearthing the gems in GEM
trueOver the last 12 months since the advent of talk about U.S. tapering, global emerging markets equity feels like the asset class strategists have loved to hate. While some think there might be the occasional "dead cat bounce," the region remains, in the opinion of many, a dead cat.
London Borough of Camden signs Harris for unconstrained global equity
trueLondon Borough of Camden Pension Fund hired Harris Associates to run an unconstrained global equity allocation.
Consultant Kirstein calls on Standard Life for $200 million global equity allocation
trueDanish consultant Kirstein hired Standard Life Investments to run a $200 million global equity allocation on behalf of one of its clients.