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UBS names new asset management CEO
trueUlrich Koerner will become CEO of UBS Global Asset Management on Jan. 1, according to a news release from the firm.
Norway official sees more diversification for sovereign wealth fund
trueNorway’s central bank governor said it would be natural for the 4.921 trillion kroner ($811.5 billion) Government Pension Fund Global to expand the asset classes in which it invests, as the new government considers how best to deal with the fund’s growth.
Ohio Bureau of Workers' Compensation plans $2.8 billion bond search
trueOhio Bureau of Workers' Compensation, Columbus, will issue an RFP in early January for active core-plus fixed-income managers to run about $2.8 billion in assets for the $23.7 billion state insurance fund.
Trends in home country bias among pension funds
trueAlthough the world economy and global financial markets have seen dramatic changes over the past 20 years, many U.S. institutional investors have been slow to adjust their portfolios to the new global reality. This report analyzes where the world stands in terms of globalization of financial ...
Cook County Annuity & Benefit Fund goes with Franklin for global bonds
trueCook County Annuity & Benefit Fund, Chicago, hired Franklin Templeton Investments to manage $200 million in global fixed income.
Northern Trust chooses new Canada CEO
trueArti Sharma was named president and CEO of Northern Trust Canada, effective Monday.
Northern Trust Asset Management adds global equity managing director
trueMatthew Peron was named managing director, global equity, at Northern Trust Asset Management.
Custodians see growth coming from DC plans
trueSome big global custodians, whose traditional retirement business has come from defined benefit plans, are now getting business from defined contribution plans.
Markets give managers nice boost in quarter
truePublicly traded money managers saw modest gains in assets under management for the quarter ended Sept. 30, helped generally by rising equity markets.
SSgA's AUM rises 4.4% to $2.24 trillion in Q3
trueState Street Global Advisors reported $2.24 trillion in assets under management as of Sept. 30, up 4.4% from June 30 and up 8.5% from a year earlier.
Northern Trust assets up 5.4% in quarter
trueNorthern Trust Corp. reported assets under management of $846.2 billion as of Sept. 30, up 5.4% from three months earlier and up 12.9% from a year ago.
UBS Global Asset Management appoints global head of fixed income
trueJohn Dugenske was named global head of fixed income at UBS Global Asset Management.
AP4 seeds Northern Trust environmentally focused emerging markets fund
trueAP4 will seed an emerging markets equity fund that excludes companies with high greenhouse gas emissions and companies with extensive reserves of fossil fuels.
Stratford Employees wants real estate, GTAA managers
trueStratford (Conn.) Employees' Retirement System is searching for managers to run $50 million total in real estate and global tactical asset allocation, confirmed Steven Roth, director of manager research at Dahab Associates, investment consultant to the pension plan.
South Carolina pumps $6.4 billion into global equity index funds
trueSouth Carolina Retirement System Investment Commission made a big move into passive global equity management, investing a total of $6.4 billion in index funds managed by BlackRock and State Street Global Advisors.