Articles and Videos on Investment Outsourcing
San Jose Federated issues RFP for discretionary manager to run at least 5% of assets; hires new CIO
trueSan Jose (Calif.) Federated City Employees Retirement System has reissued an RFP for a manager to provide an “outsourced investment function.”
Pembroke Pines Fire & Police hires real estate, timber managers
truePembroke Pines (Fla.) Fire & Police Pension Fund hired Intercontinental Real Estate and Molpus Woodlands Group to manage $9 million each in core-plus real estate and timber, respectively.
ERISA Advisory Council to look at outsourcing and shift to a “non-ERISA” world in 2014
trueDepartment of Labor ERISA Advisory Council voted Wednesday to spend 2014 investigating outsourcing best practices for plan sponsors and the shift from retirement plans covered by the Employee Retirement Income Security Act to what council members called a “non-ERISA world.”
Thrift Savings Plan breaks $400 billion
trueThrift Savings Plan broke the $400 billion mark in February, according to figures released Thursday at a meeting of the Federal Retirement Thrift Investment Board, Washington, which administers the plan.
Defined Contribution Outsourcing
trueNo one would argue that running a defined contribution plan is any simpler than running a defined benefit plan. Some would even contend that a DC plan, with more moving parts and with often hundreds of participants with individual accounts, is a far more complex management proposition than the ...
Bill to make lifecycle funds the default strategy for federal workers advances
trueThe House Oversight and Government Reform Committee on Wednesday passed legislation to make lifecycle funds the default investment for new federal employees participating in the $366.7 billion Thrift Savings Plan.
George Washington University looking to outsource endowment investments
trueGeorge Washington University, Washington, is looking for an outside firm to manage its $1.4 billion endowment.
Chatham Partners survey: DB plans open to bundling, if convinced of benefits
trueBundled defined benefit and total retirement outsourcing opportunities remain a strategically viable market for service providers over the next five years, provided plan sponsors are properly briefed on the advantages, according to a Chatham Partners survey.
Brakes Group taps Cardano as fiduciary manager
trueBrakes Group, Kent, England, chose Cardano as fiduciary manager for its £170 million ($283.5 million) final salary pension scheme.
Rothesay Life buys out MetLife's U.K. bulk annuity business
trueRothesay Life agreed to acquire MetLife's U.K. bulk annuity pension buyout business.
Fed picks up the pace of tapering
trueMembers of the Federal Open Market Committee meeting Wednesday decided unanimously to continue slowing the Fed's bond-buying program known as quantitative easing in February, dropping monthly purchases to $65 billion from $75 billion in January.
Maryland Teachers & State Employees Supplemental hires Galliard for stable value
trueMaryland Teachers & State Employees Supplemental Retirement Plans hired Galliard Capital Management as its stable value manager.
Royal Shakespeare Theatre Pension Scheme picks P-Solve as fiduciary manager
trueRoyal Shakespeare Theatre Pension Scheme, Stratford-upon-Avon, Warwickshire, England, hired P-Solve as fiduciary investment manager.
Allegheny County Port Authority nets Peirce Park for outsourced CIO
trueAllegheny County Port Authority hired Peirce Park Group to provide outsourced CIO services.
Arizona Public Safety fund needs to change valuation on Desert Troon portfolio — auditor general
trueArizona Public Safety Personnel Retirement System, Phoenix, needs to change its method of valuing its portfolio with real estate manager Desert Troon Cos. to reflect market assumptions, a report by the Arizona auditor general concludes.