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Hartford HealthCare puts $33 million in SSgA hedge fund
trueHartford HealthCare, Hartford, Conn., invested $33 million in a new macro hedge fund from State Street Global Advisors, said David J. Holmgren, chief investment officer.
Northern Trust expands Canadian investment outsourcing unit
trueTrang Lam was named vice president and senior client investment officer for Northern Trust Asset Management’s multimanager investment outsourcing unit in Canada.
Seattle City Employees drops PIMCO global inflation-linked bond strategy
trueSeattle City Employees' Retirement System terminated Pacific Investment Management Co. from a $65 million global inflation-linked fixed-income portfolio.
El Paso City Employees adds global REIT manager
trueEl Paso (Texas) City Employees’ Pension Fund hired Principal Real Estate Investors to manage a roughly $7.5 million global REIT strategy.
State Street Global Exchange gets new chief
trueLou Maiuri, executive vice president at State Street Corp., was named head of State Street Global Exchange, the bank's data and analytics unit.
Northern Trust chooses new DC solutions chief
trueSabrina Bailey, a principal and U.S. defined contribution practice leader for Mercer, is leaving the company to join Northern Trust Asset Management as global head of defined contribution.
Active money managers feel pressure to adjust fees
trueActive money managers that pride themselves on adding value to portfolios increasingly are under fire to justify the fees they charge, and some have realized a refusal to budge will see them increasingly bypassed by investors.
Fixed-income ETF investors staying away from ultrashort-term market
trueThe most significant money market fund reforms — floating net asset values, liquidity fees and gates — take effect in October 2016 and a pocket of the fixed-income exchange-traded fund market once expected to attract investors looking for on-demand liquidity has yet to significantly materialize.
SSgA's assets down 2.8% in quarter, net outflows total $65 billion
trueState Street Global Advisors reported $2.37 trillion in assets under management as of June 30, down 2.8% from March 31 and down 4.3% from June 30, 2014.
Faber likes cash, says real estate and emerging markets equities to outperform
trueMarc Faber railed against central bank intervention around the globe and said he likes cash now because it “gives you flexibility to buy assets” when bubbles pop.
Northern Trust's AUM drops 1.5% in quarter; total fees up 6.1%
trueNorthern Trust Corp. reported $945.6 billion in assets under management as of June 30, down 1.5% from three months earlier, but up 2.3% from a year prior, its second-quarter earnings report said on Wednesday.
Northern Trust names new heads of Southeast Asia and Australia/New Zealand
trueRohan Singh was named the head of Northern Trust’s Singapore office and its Southeast Asia business, effective Sept. 1, the company announced Tuesday.
British Columbia Investment Management return surpasses benchmark for year
trueBritish Columbia Investment Management Corp., Victoria, returned 14.2% on its investments net of costs for the year ended March 31, beating the 12.6% custom benchmark, it announced in a statement Thursday.
S&P 500 foreign sales up in 2014
trueAfter five years of muted growth, S&P 500 companies’ percentage of sales to foreign countries increased 1.53 percentage points in 2014 to 47.82%.
UBS Global Asset Management appoints global distribution head
trueWilliam Kennedy was named global head of distribution at UBS Global Asset Management, a company spokesman said.