Articles and Videos on Investment Outsourcing
Indiana to launch record-keeper search for annuity plan, allocates $190 million from DB plan
trueIndiana Public Retirement System will reissue an RFP on June 29 for a record keeper for its $7 billion Annuity Savings Plan.
Fund Evaluation Group executive joins Truepoint Institutional
trueChristopher M. Meyer was named managing principal at Truepoint Institutional Advisors, a new investment management division of Truepoint Wealth Counsel.
Goldman: Outsourced insurance assets market to grow 10% annually
trueGlobal outsourced insurance assets will reach $2.6 trillion by 2019, according to a Goldman Sachs presentation Tuesday at the Deutsche Bank Global Financial Services Investor Conference.
Chicago Transit Authority launches 2 searches
trueChicago Transit Authority is searching for a third-party administrator for its 457 and 401(k) plans, and an outsourced CIO or investment consultant for its frozen supplemental defined benefit plan.
Wilshire Consulting promotes head of investment research to CIO
trueSteven J. Foresti, a managing director at Wilshire Consulting, was named chief investment officer.
2 teams of researchers share AQR Insight Awards
trueTwo sets of researchers were named co-winners of the $100,000 prize in AQR Capital Management's Insight Awards for their papers on currency carry trade strategy and an options-based approach to credit risk analysis.
Complex investing makes outsourcing top priority for foundations
trueConsultants have long played a role in helping private foundations invest their assets, with 77% of organizations with $500 million or more in assets using them, according to a 2013 Council on Foundations-Commonfund study, the most recent data available.
Commonfund's new CEO lays out her vision
trueCatherine M. Keating, Commonfund's new CEO, said one of the firm's biggest challenges will be navigating the next phase of the market cycle.
Mercer's OCIO business hires CIO for endowments and foundations
trueKenneth Shimberg was named U.S. endowment and foundations chief investment officer for outsourced CIO services at Mercer Investments, spokeswoman Alayna Francis said.
Wurts takes on new name Verus
trueWurts & Associates is changing the name of its business to Verus.
San Francisco City & County commits $50 million to Blackstone fund
trueSan Francisco City & County Employees’ Retirement System committed up to $50 million to Blackstone Capital Partners VII.
Canadian workers' compensation plan looking for consultant to assist in OCIO search
trueWorkplace Health, Safety and Compensation Commission, St. John’s, Newfoundland and Labrador, is searching for an investment consultant to help the C$1 billion ($796 million) workers’ compensation plan choose an outsourced CIO provider.
John Heathcoat pension fund selects Punter Southall for actuarial, investment services
trueJohn Heathcoat Pension Scheme hired Punter Southall to provide actuarial, administration, risk and investment services.
Waltham Contributory Retirement in hunt for manager of managers or OCIO
trueWaltham (Mass.) Contributory Retirement System is seeking proposals from investment managers to provide either manager-of-managers or outsourced CIO services.
Mercer AUM up 34% in 2014
trueMercer’s global assets under management reached $115.5 billion as of Dec. 31, up 34% from the end of 2013.