Newsmakers

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.