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Fidelity triples its China QFII quota, becoming first money manager to top $1 billion
trueFidelity Investments Management (Hong Kong) got an additional $800 million in quotas for investment in China's capital markets Thursday, lifting its total quota under that country's qualified foreign institutional investor program to $1.2 billion.
Marvin Windows and Doors retools DC plan lineup
trueMarvin Windows and Doors Inc. is adding eight investment options to its profit sharing and 401(k) plan.
Luminex offers a wake-up call for dark-pool operators
trueTo U.S. dark-pool operators, the development of an exclusive managers-only trading venue, Luminex Trading & Analytics LLC, is a splash of cold water on the face of an industry that some managers believe has taken institutional investors for granted.
Florida SBA takes 2 Pyramis strategies off watch
trueFlorida State Board of Administration, Tallahassee, removed from watch two Pyramis Global Advisors portfolios, totaling $1.5 billion, said Dennis D. MacKee, FSBA director of communications.
Fermi Research Alliance picks Fidelity as sole record keeper in DC revamp
trueFermi Research Alliance, hired Fidelity Investments as sole record keeper and is overhauling the investment lineup of its defined contribution plans, effective Feb. 2.
Uebelein has big shoes to fill at AIMCo
trueKevin Uebelein, who on Nov. 19 was named the new CEO of the C$76 billion (US$70 billion) Alberta Investment Management Corp., has some big shoes to fill. But AIMCo's chairman said he's a perfect fit to make the money manager more “client-centric.”
American Airlines picks Fidelity as sole provider for 401(k) plans
trueAmerican Airlines Fidelity Investments as sole provider for its 401(k) plans, starting in mid-2015.
CEO shift raises Pyramis question
trueAbigail P. Johnson's promotion to CEO of Fidelity Investments - a foregone conclusion to many industry professionals - is prompting questions about what the change will mean for the company and its institutional subsidiary, Pyramis Global Advisors.
Kansas City Police puts $45 million in Fidelity real-return fund
trueKansas City (Mo.) Police Employees’ Retirement System invested $45 million in Fidelity Investments’ Strategic Real Return mutual fund.
Pyramis names new president
trueJeffrey Lagarce was named president of Pyramis Global Advisors, said company spokesman Jeff Cathie.
Abigail Johnson succeeds father as CEO of Fidelity Investments
trueAbigail P. Johnson has been named CEO of Fidelity Investments, effective immediately.
Fidelity Worldwide Investment fills managing director for U.K. position
truePeter Horrell was appointed managing director of Fidelity Worldwide Investment’s U.K. business, a spokeswoman said.
HSBC outsources its DC plan assets to Fidelity
trueHSBC, London, outsourced its £1.8 billion ($2.9 billion) in defined contribution assets to Fidelity Worldwide Investment, said Phillip Bretnall, chief operating officer at HSBC Bank Pension Trust (U.K.).
Vanguard tops in DC target-date assets
trueFidelity still ranked No. 1 among managers of defined contribution assets in mutual funds, with $547.5 billion, up 13% from the previous survey.
SolarCity signs Fidelity as record keeper
trueSolarCity Corp. hired Fidelity Investments as record keeper of its 401(k) plan.