BlackRock to Head ASU Foundation Endowment
The asset management Goliath is making inroads in endowments and foundations.
Corporate Moves
Harris to Receive $2 Million in First Year as UTIMCO CEO
Other benefits include golf membership, termination clause.
Clara Miller Appointed to Heron’s President Emerita
The philanthropy foundation’s director, president to step down in order to aid its leadership transition.
Equip, Rio Tinto Staff Superannuation Fund Reveal Merger
New Board and CEO announced, with company to retain Equip name.
CEO of Halifax Regional Municipality Pension Plan Resigns
Terri Troy will leave the firm in October.
Britt Harris Jumps Ship to UTIMCO, Pending Board Vote
TRS veteran to replace seat vacated by Bruce Zimmerman last fall.
Viking Global to Return $8 Billion to Investors After Daniel Sundheim’s Resignation
$32 billion hedge fund said the move will allow it to invest in smaller, more liquid investments.
CEO of Dutch Pension Firm PGGM Resigns
Else Bos will leave the company after more than four years at the helm.
British Airways Loses Lawsuit Against Pension Trustees
Judge rules pension was within right to add discretionary increases.
Denison University Names New CIO
The CIO will manage the liberal arts school’s endowment of nearly $800 million.
Rhode Island Names Alec Stais as CIO
Goldman Sachs Asset Management managing director replaces interim CIO Tim Nguyen.
Salary Highs
The tougher investment climate dampened raises, but many chief investment officers earned their compensations.
Deutsche Bank Names New CFO
Citigroup’s von Moltke to join the firm in July, and lead intensive cost-cutting efforts.
More Corporate Pension Plans Transferring Risk, Milliman reports
Despite fluctuations, the largest pension plans ended 2016 with their funded ratios little changed.