Watch breaking news videos and read news updates about Money Management on pionline.com
Sweden's AP3 selects new CIO/deputy CEO
trueMarten Lindeborg was named deputy CEO and chief investment officer at Third Swedish National Pension Fund, Stockholm, the pension fund announced Monday.
PBGC takes over Standard Register pension fund
trueThe Pension Benefit Guaranty Corp. is assuming the defined benefit plan of Standard Register Co., a printing and marketing communications firm based in Dayton, Ohio.
North Dakota State Investment Board puts 2 portfolios on watch
trueNorth Dakota State Investment Board, Bismarck, put two equity managers on watch, said David Hunter, executive director and chief investment officer of the North Dakota Retirement and Investment Office, in an e-mail.
Los Angeles Fire & Police extends Loomis Sayles' contract for 3 more years
trueLos Angeles Fire & Police Pension System renewed fixed-income manager Loomis Sayles & Co's contract to manage a $613.5 million long-duration government credit portfolio for another three years ending Sept. 30, 2018.
Firms at risk of losing pension business because of LIBOR convictions
trueThe Department of Labor is tentatively denying affiliates of Deutsche Bank AG, UBS AG and Royal Bank of Scotland Group the right to serve U.S. retirement plan clients because of criminal convictions related to LIBOR manipulations and other charges.
TPG recruits CEO of new real estate debt unit
trueTPG hired Greta Guggenheim as CEO of TPG Real Estate Finance Trust, its newly formed real estate debt unit.
Secondary market prices to fall in second half of 2015 — NYPPEX
truePrices for alternative investment fund limited partnership interests are expected to drop in the second half of this year — with secondary median bids declining about 3.5% to an average of 80.18% of net asset value — driven down by fewer exits and less distribution of capital back to investors, ...
Hancock Natural Resource Group promotes president to CEO
trueBill Peressini, president at Hancock Natural Resource Group, was named the firm's CEO, effective Jan. 1.
Palamon Capital Partners' limited partners in 2 funds sell interests to consortium
truePalamon Capital Partners completed a transaction that allowed limited partners in two of its European private equity funds to sell their interests to a consortium of five money managers.
New anti-money laundering rules proposed for private funds
trueHedge fund, private equity and other private fund managers will have to develop anti-money laundering programs under rules proposed Tuesday by the Treasury Department's Financial Crimes Enforcement Network.
Preqin: Hedge fund assets rise 2.5% in first 6 months of 2015
trueHedge fund industry assets increased 2.5% to $3.2 trillion for the six months ended June 30, new research from Preqin showed in a report released Wednesday.
Swedish AP funds form European real estate joint venture with TIAA-CREF
trueSwedish pension funds AP1 and AP2 joined forces with TIAA-CREF to create a pan-European office investment platform called Cityhold Office Partnership, which intends to build an office portfolio of at least €4 billion ($4.55 billion).
Angelo, Gordon adds head of credit
trueJoshua S. Baumgarten will join Angelo, Gordon as senior managing director and head of credit.
U.S. Court of Appeals denies constitutional challenge in SEC administrative court case
trueA constitutional challenge to the Securities and Exchange Commission’s use of administrative proceedings in enforcement cases was rebuffed Monday by a three-judge panel in the 7th U.S. Circuit Court of Appeals in Chicago.
Royal London Asset Management hires head of institutional business
trueJohn Burke was appointed head of institutional at Royal London Asset Management.