Newsmakers

Oil-rich nation seeks to diversify its economy and boost its private sector.

Mercer report indicates estimated aggregate deficit in April increased by $1 billion over March’s numbers.

Cash payments offered to shareholders didn’t represent “the company’s prospects and value,” complain alleges.

JV makes its first investment, acquiring 11,031 acres of timberland in North Georgia.

Group calls for all new public employees to be put in defined contribution plans.

Treasurer says the change will save the state $5 million a year in fees.

Change driven by lower assumed rate of return, salary increases, and weak investment returns

Goal is to make Saudi Arabia less dependent on oil income and attract more foreign investors to the country’s capital markets.

No changes expected to the investment team, process or strategies that Adveq manages on behalf of clients.

BSGR claims fraud, defamation in loss of mining rights to Guinea deposit.

Bill proposes defined contribution plans become the new default. 

L.A. County retirement system had been without a permanent CIO for almost two years.

Seven-year veteran Roland Lescure seeks to “enter public and political life”.

Deal provides OSU fund with its single-largest investment.

44% of investors expect first-quarter earnings to surpass expectations.