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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.
Sky Investment Counsel closes after largest client withdraws
trueSky Investment Counsel Inc., a global and international equity manager, is closing.
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.
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.
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.
Eastspring Investments names new president/CEO of Japan business
trueTsukasa Sekizaki has been named president and CEO of Eastspring Investments Japan.
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.
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.
DeAWM adds liquid real assets director
trueChuck Fiedler joined Deutsche Asset & Wealth Management as a managing director and head of strategy and business development.
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.
Heptagon Capital names European equity manager
trueChristian Diebitsch joined Heptagon Capital as European equity manager.
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.
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.
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.
Hermes hires head of fixed income
trueZoe Shaw joined Hermes Fund Managers as head of fixed income, said a spokeswoman.