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Pennsylvania Municipal looking for U.S. large-cap growth equity manager
Pennsylvania Municipal Retirement System is searching for an active domestic large-cap growth equity manager to run about $120 million.
TIAA-CREF Asset Management picks new president
Robert Leary was named president of TIAA-CREF Asset Management and executive vice president of parent TIAA-CREF, effective June 24.
TIAA-CREF asks SEC for OK to skip vote on Israeli divestment
TIAA-CREF officials are asking the SEC to allow it to take no action on a shareholder proposal by activist group Jewish Voice for Peace that would require it to consider divesting from companies that contribute to violations of human rights, including companies whose business supports Israel's ...
TIAA-CREF teams up for farmland research
TIAA-CREF is hoping to boost investment in farmland through better data. To that end, the New York-based investment money management firm is launching the TIAA-CREF Center for Farmland Research at the University of Illinois, Champaign.
Norway's Pension Fund Global invests $1.2 billion in U.S. real estate
Government Pension Fund Global, Oslo, invested $1.2 billion in its first dedicated U.S. real estate portfolio through a joint venture with TIAA-CREF.
TIAA-CREF picks 'Predictable Surprise' author for Samuelson award
Sylvester J. Schieber was named winner of the $10,000 TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security for his book, “The Predictable Surprise: The Unraveling of the U.S. Retirement System.”
TIAA-CREF names two sales senior directors
Deborah Ulian and Stephane Marguier were named senior directors, asset management business development, at TIAA-CREF
North Carolina taps TIAA-CREF as new 403(b) plan's record keeper
North Carolina Retirement Systems hired TIAA-CREF as record keeper for its new public school teachers and employees 403(b) plan.
Covariance Capital Management taps senior investment manager
Marvin Barth was named senior investment manager and portfolio strategist at Covariance Capital Management.
Morley Capital Management assigns $725 million in stable value to TIAA-CREF
Morley Capital Management hired TIAA-CREF to manage $725 million in stable value assets.
TIAA-CREF buys majority stake in timberland manager GreenWood Resources
TIAA-CREF has acquired a majority stake in GreenWood Resources, a timberland investment manager with $350 million under management.
BrightScope: Institutional target-date fund fees fall 3 basis points
The average institutional share fee for target-date mutual funds dropped to 72 basis points in 2011 from 75 basis points a year earlier, according to retirement plan research firm BrightScope.
Law limits L.A. school district's efforts to simplify 403(b) plan
Los Angeles Unified School District executives are pinned between Internal Revenue Service rules requiring greater responsibility for monitoring and administering the district's $2 billion 403(b) plan and a state law they say makes it more difficult and expensive to meet the IRS standards.
TIAA-CREF, institutional investors in $2 billion farmland venture
A small number of institutional investors including AP2, British Columbia Investment Management Corp. and the Caisse de Depot et Placement du Quebec formed an investment firm with TIAA-CREF to invest $2 billion in farmland.
DC record keeping assets surpass $4 trillion mark
Defined contribution record-keeping assets reached $4 trillion in 2011, posting a 1.9% gain from the $3.93 trillion recorded during 2010, according to the latest Pensions & Investments survey.