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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.”
Hinsdale Firefighters Pension Fund picks Sawyer Falduto Asset Management
trueHinsdale (Ill.) Firefighters’ Pension Fund hired Sawyer Falduto Asset Management to provide investment management services.
Principal Financial appoints president to oversee all businesses
trueDaniel J. Houston was named president and chief operating officer of Principal Financial Group.
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trueSandro Pierri will leave Pioneer Investments as CEO next year.
AMP Capital names first global head of infrastructure equity, makes other changes
trueBoe Pahari was promoted to global head of infrastructure equity at AMP Capital.
Aviva to exit hedge funds-of-funds business as it shrinks U.S. operations
trueAviva PLC, Britain's second-biggest insurer, said its investment arm plans to exit its hedge funds-of-funds businesses as it scales back in the U.S.
CFA Institute names new editor of Financial Analysts Journal
trueBarbara Petitt was named editor of the Financial Analysts Journal, said a statement from the CFA Institute, which owns the publication.
DOL fiduciary rule proposal on track for January
trueThe Department of Labor will propose a new fiduciary rule in January 2015, said an updated regulatory agenda issued by the Office of Management and Budget.
Eaton Vance's AUM rises 6% for the year
trueEaton Vance Corp. on Tuesday reported its assets under management totaled $297.7 billion as of Oct. 31, an increase of 3% from July 31 and a 6% rise from Oct. 31, 2013.
NAPF: More U.K. pension funds screen money managers' stewardship
trueEighty percent of pension funds in the U.K. screen money managers for stewardship activity — that is, the active monitoring of and engagement with companies, as well as exercising their voting rights, the National Association of Pension Funds found in its annual engagement survey, published Monday.
Cornerstone Real Estate president to add CEO title
trueScott D. Brown, global president of real estate money management firm Cornerstone Real Estate Advisers, is taking on the additional global role of CEO.
San Diego County Employees closes door on outsourced CIO
trueSan Diego County Employees Retirement Association board voted 8-1 to search for an internal chief investment officer, effectively terminating its outsourced CIO, Salient Partners.
Alcentra closes European direct lending fund at just over $1 billion
trueAlcentra Group’s European Direct Lending Fund held a final close of €850 million ($1.06 billion).
Analysts say PIMCO could survive a further $350 billion asset drain
truePIMCO could withstand an asset drain of up to $350 billion in the next two to three years — about 10% to 15% of its total assets — before its portfolio management operations could be affected, analysts say.
BlackRock, TCW, others gaining from PIMCO turmoil
trueBlackRock, TCW, Vanguard, Baird Advisors and DoubleLine saw the largest inflows to their bond mutual funds in October, following William H. Gross' departure from PIMCO on Sept. 26, Morningstar Inc. reported.