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Ohio State long-term investments return 3.8% in fiscal year
trueOhio State University's long-term investment pool returned 3.8% in the fiscal year ended June 30, 190 basis points above its policy benchmark, said John C. Lane, vice president and chief investment officer.
Money managers launch new ETFs to satisfy demand
trueMore active money managers are looking to launch exchange-traded funds as institutional investors' appetite for the funds continues to grow.
Principal Financial taps its president to take on CEO role
trueDaniel J. Houston was named CEO of Principal Financial Group.
ETF providers step up to defend the status quo
trueThe Securities and Exchange Commission's solicitation of perspectives on the state of exchange-traded products produced a fruitful, if predictable, bounty of views from the asset management industry.
BofA: Managers lose confidence in emerging markets; China recession largest tail risk
trueMoney managers’ outlook on the global economy is weakening amid continued concerns over a Chinese recession, said Bank of America Merrill Lynch’s monthly fund manager survey.
Skeptics on Japan's corporate reform beware
trueAs we are witnessing in the current earnings season, news from Japan is turning increasingly positive. In fact Japanese corporate profit margins have recently surged to historical highs and are now nearly double their levels from 10 years ago, long before Abenomics began.
Tallahassee picks Northern Trust as custodian
trueTallahassee, Fla., hired Northern Trust as custodian for its $2.1 billion in assets.
Publicly traded money managers not seeing asset growth
trueMoney managers reported flat and, in many cases, declining assets under management for the quarter ended June 30.
Northern Trust: Institutional investor returns tepid for quarter, year
trueInstitutional asset owners in the Northern Trust Universe returned a median 0.2% in the second quarter of 2015, down from 2.3% the previous quarter and 4% in the second quarter of 2014, data released Thursday show.
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.