Money management

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  1. Chicago Laborers pension fund taps Progress as manager of emerging managers

    trueChicago Laborers’ Annuity & Benefit Fund hired Progress Investment Management to run $100 million in the $1.4 billion pension fund’s manager of emerging managers program.

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  1. Ann Arbor Employees chooses Russell for transition management

    trueAnn Arbor (Mich.) Employees' Retirement System hired Russell Investments to handle the transition of $56 million in actively managed core fixed-income assets from terminated manager Bradford & Marzec.

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  2. Threadneedle taps Samsung AM vet to lead new office in Seoul

    trueChris Chan Suk Lee joined Threadneedle Investments in Seoul as Korea chief representative with the London-based firm’s newly opened representative office there.

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  3. F&C picks 2 for global rates, money markets team

    trueSujay Shah and Paul Robinson joined F&C Asset Management as directors on the global rates and money markets team.

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  4. Eastspring Investments names new president/CEO of Japan business

    trueTsukasa Sekizaki has been named president and CEO of Eastspring Investments Japan.

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  5. eVestment: Number of reporting hedge funds down 9.2% in 2013

    trueThe number of hedge funds and hedge funds of funds that report their assets and performance to one or more databases declined to 11,321 funds in 2013, down 9.2% from the previous year.

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  6. ECB calls on BlackRock for design help for ABS purchase program

    trueThe European Central Bank hired BlackRock Solutions to provide consulting services for its potential asset-backed securities purchase program.

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  7. DeAWM adds liquid real assets director

    trueChuck Fiedler joined Deutsche Asset & Wealth Management as a managing director and head of strategy and business development.

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  8. Moody's: Market gains lead to positive growth for pure-play managers

    trueThe aggregate assets under management of 14 pure-play money managers reviewed by Moody's Investors Service totaled $10.13 trillion as of June 30, up 3.6% from March 31, said Moody's quarterly update.

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  9. Heptagon Capital names European equity manager

    trueChristian Diebitsch joined Heptagon Capital as European equity manager.

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  10. KKR adds managing director to focus on Indonesia

    trueJaka Prasetya joined KKR & Co. in Singapore as a managing director to lead KKR's efforts in Indonesia.

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  11. Skandia goes with Woodford as subadviser to replace Invesco Perpetual

    trueSkandia Investment Group hired Woodford Investment Management as subadviser of its income fund and high-income funds, said a company spokesman.

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  12. AXA's head of U.K. institutional resigns

    trueMadeline Forrester, head of U.K. institutional at AXA Investment Managers, has resigned from the firm for a new opportunity, a company statement said.

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  13. Hermes hires head of fixed income

    trueZoe Shaw joined Hermes Fund Managers as head of fixed income, said a spokeswoman.

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