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Newsmakers
Danish Giant Acquires Financial Services Pension
A $3 billion pension for Denmark’s financial services industry is to become part of PFA from 2016.
Lehigh University Endowment CIO to Retire
A former Bain Capital managing director will take over in the interim while the private college finds a permanent successor.
Fidelity Folds Pyramis into New Institutional Provider
Say hello to Fidelity Institutional Asset Management, a creation consolidated from Pyramis and several other divisions.
UK Consultant Shake Up: Two In, One Out
JLT Employee Benefits and Buck Consultants see senior staff changes, while Redington hires to enter the DC market.
Cleveland Clinic Creates Internal CIO Role
The Annie E. Casey Foundation’s Stefan Strein has been appointed to lead the $13 billion foundation.
Carnegie Mellon Endowment Seeks Deputy CIO
The newly created director of investments role will run the $1.25 billion endowment’s private markets program.
Fortress Liquidates Flagship Hedge Fund
The investment firm announced it would close the $2.3 billion Fortress Macro fund after losing more than 17% this year.
Red Cross CIO Dismisses Top Two Staffers
A total of three investment team members will depart under new foundation chief Greg Williamson, CIO has learned.
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.
‘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.