A Lesson for US Defined Contribution
Russell Investments’ Bob Collie argues that the UK’s foremost DC fund can help US pensions construct their own quality retirement models.
Newsmakers
‘Ambitious’ Pension Partnership Names Chair
A former regulator will lead one of the UK’s pioneering pension projects.
PIMCO Fees Under Scrutiny Following Gross Lawsuit
Morningstar says it will look into Bill Gross’ complaint that PIMCO has been “deliberately obfuscating the allocation of some fees.”
Corporate Pensions Likely to Miss 2015 Return Expectations
US corporate funds would need at least an 8.4% gain in the fourth quarter to make up for recent heavy losses, according to Milliman.
Norway SWF Opens Japan Office in Property Push
The world’s biggest sovereign wealth fund is seeking to boost its presence in Asia by enhancing its real estate capability.
TA Associates Buys Russell for $1.15B
The private equity firm agreed to take over Russell Investments and its $266 billion of managed assets from the London Stock Exchange by the first half of 2016.
Bill Gross Sues PIMCO for $200M
The former co-founder has claimed he was wrongfully pushed out of the firm and denied “hundreds of millions of dollars” in earned compensation.
UK Health Foundation Appoints CIO
A former asset manager has taken the top investment role at one of the UK’s largest health charities.
Wall Street Vet to Lead Wyoming SWF
Ex-asset management CEO Patrick Fleming will oversee the $20 billion sovereign fund.
LV Hires Former Zurich Life Chief as CIO
The UK insurer has persuaded Vince Rennie back to a full-time investment role.
Head of UK Fund Manager Group Exits Amid Rift
Daniel Godfrey has left his role at the top of the UK’s asset management industry after less than three years.
Robert Wood Johnson MD to Lead Sloan Foundation
Elizabeth Hewitt has been tapped to lead the $1.9 billion fund, replacing retiring CIO William Petersen.
Oklahoma Teachers Taps First CIO in Six Years
Kirk Stebbins, formerly at the City of Austin Employees’ Retirement System, has been hired to fill the long-vacant position at the $13.7 billion fund.
NZ’s Orr Takes SWF Association Chair
The top man at NZ Super used his appointment to urge members to embrace transparency.