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American Federation of Teachers challenges Glenview Capital's involvement in merger
trueThe American Federation of Teachers is using the clout it derives from $1.08 trillion in members' pension assets to question Glenview Capital Management's role in a proposed merger that would create the largest hospital provider.
Bergmann Associates hires Prudential for 401(k)
trueBergmann Associates Inc. hired Prudential Financial as bundled provider of its 401(k) plan.
Aviva Investors' investment head leaves
truePaul Abberley left his role as head of investments at Aviva Investors.
Gross takes helm of PIMCO Unconstrained Bond Fund
trueWilliam H. Gross has taken over management of the PIMCO Unconstrained Bond Fund, according to a filing with the Securities and Exchange Commission.
UBS names new asset management CEO
trueUlrich Koerner will become CEO of UBS Global Asset Management on Jan. 1, according to a news release from the firm.
Fidelity cuts fees on target-date funds
trueFidelity Investments is becoming aggressive in the low-cost battle against index fund giant Vanguard Group.
Deutsche Asset & Wealth adds 2 for private equity
trueJoshua Glaser was named a director and head of private equity for Deutsche Asset & Wealth Management's global client group, while Brian Chiappinelli joined DeAWM as a director and North American product specialist for private equity.
Wal-Mart re-signs BofA Merrill Lynch as bundled provider
trueWal-Mart Stores Inc. rehired Bank of America Merrill Lynch as bundled provider for its 401(k) plan.
Taconic Capital Advisors co-founder Brody to retire
trueKenneth D. Brody, co-founder of event-driven hedge fund manager Taconic Capital Advisors, will retire from the firm on Jan. 1.
Schroder Investment Management picks subadvisory head
trueChris Moran was named head of subadvisory at Schroder Investment Management North America.
EIG closes latest fund at $6 billion
trueEIG Global Energy Partners closed its largest fund, the $6 billion Energy Fund XVI, surpassing its $4.25 billion fundraising target and hitting its hard cap.
Heitman names new North American real estate securities portfolio manager
trueJerry W. Ehlinger is rejoining Heitman as managing director and senior portfolio manager for the real estate investment firm's North America public real estate securities portfolio.
44% of institutional investors invest in hedge fund managers' long-only strategies — survey
trueA surprisingly high percentage — 44% — of institutional investors invest in long-only strategies run by hedge fund managers, according to data released Monday by Deutsche Bank Markets Prime Finance.
Vero Beach starts process for 401(a) plan provider
trueVero Beach, Fla., is searching for a bundled provider for its new 401(a) plan.
Boca Raton Airport Authority issues call for DC bundled provider
trueBoca Raton (Fla.) Airport Authority is searching for a bundled provider for its 401(a) and 457 plans.