Mayall Quits Insurance CIO Role after 18 Months
It’s “all change” at UK insurer LV as a new CIO takes the reins.
Newsmakers
CalPERS CIO Joe Dear Taking Leave for Recovery
The CIO of the
largest public pension fund in the US will be undergoing treatment for cancer.
Russell Investments Rumored for Sale—Again
Once again, the allegedly troubled pairing of Russell and Northwestern Mutual is dogged by reports of a desire to split.
Korea SWF CIO Quits Mid-Term
The Korea Investment Corporation is looking for a new CIO, almost two years earlier than predicted.
CPPIB’s Chief Strategist Resigns for Private Sector Role
Donald Raymond, a senior vice-president, will step down in March to become CIO of Alignvest Management Corporation in Toronto.
ABP Dumps Investments in Fukushima Plant Operator
TEPCO has
been added to the Dutch pension’s exclusion list for failure to uphold ESG
standards.
CalSTRS CIO Appointed to UNPRI Board
The
ESG-focused initiative has selected Chris Ailman as the seventh member of its advisory
committee.
CIO Profile: Alcoa’s Ron Barin on Risk Factors, PRT, and his ‘Decent’ Jump Shot
In a rare interview, Barin explains why volatility is a poor measure of risk and a bulk annuity purchase isn’t in the cards now for the aluminum giant.
London Pensions Dump Merger, Back Collective Investment
Borough councils are to be presented with a business case and “ambitious” time scale to set up investment vehicles.
George Goodman, Money World’s Adam Smith, Dies at 83
TV
show host, author, and friend of Warren Buffett, Goodman broke down finance
into money matters for public and expert consumption.
Chrysler Buyout to Generate Cash Tsunami for UAW Medical Trust
The retiree health fund stands to collect $4.4 billion in cash payouts and contributions following the sale of its 41% stake in Chrysler to Fiat.
Roubini: Emerging Markets on the Up, Developed Markets Stay Anaemic
Dr. Doom has predicted a slight global growth increase for 2014, but there’s still plenty of gloomy views for advanced economies.
Pennsylvania Pension Fund Chairman Resigns
The burgeoning scandal over CIO Tony Clark's alleged trading improprieties has led to a second resignation: Board Chairman Nicholas Maiale.
OMERS Promotes CIO Latimer to President and CEO
Michael
Latimer, the C$60 billion fund’s CIO, will assume the CEO role following
Michael Nobrega’s retirement next year.
ConvergEx Hit with $150M Fine for Overcharging Clients
Massive fines and criminal proceedings are in line for ConvergEx subsidiaries.