British Airways Loses Lawsuit Against Pension Trustees
Judge rules pension was within right to add discretionary increases.
Corporate Moves
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.