Government Advisor Urges GPIF to sell $245 billion of Japanese Bonds
The man leading the charge on overhauling Japan’s Government Pension Investment Fund has said the fund should pare back total bond holdings to about 35% of assets.
Newsmakers
Dutch Pensions Push to Punish Poorly Performing Managers with Lower Fees
Led by PFZW, Dutch pensions are considering renegotiating contracts, allowing them to discipline underperforming managers.
TIAA-CREF Buys Nuveen, Vaults Up AUM League Tables
The firm will now manage upward of $800 billion in assets, making it one of the largest asset management firms in the world.
Lyne Quits F&C
Julian Lyne is set to join a rival firm.
Book Review: Flash Boys, A Wall Street Revolt
Editor-in-Chief Kip McDaniel discusses Michael Lewis' new book and the power of the buy-side.
Harvard Endowment Commits to Responsible Investing
The $32.7
billion fund became the first endowment to join the UN-supported Principles for
Responsible Investment and has also signed onto the Carbon Disclosure Project.
New CIO for Energy Superannuation Fund
EISS welcomes a new manager for its pension and superannuation schemes as Australian funds staff up.
BlackRock Restructures Management for Potential Successors to Larry Fink
The management
firm named eight senior executive promotions and one new hire to groom the next
generation of BlackRock’s leaders.
In-House Investment Grows in Australia
A local government superannuation fund has appointed its first CIO.
Catholic SRI Organization Appoints New CIO
John
Geissinger, former Hewitt EnnisKnupp partner and CIO at North Dakota Retirement
and Investment Office, will manage $5 billion in socially responsible investing
strategies.
Star Consultant Knutzen Departing NEPC
CIO Erik Knutzen—one of the most influential consultants in the business—is heading to Neuberger Berman; Tim McCusker will assume his role.
Japan’s Pensions Dump Shares against the ‘Abenomic’ Plan
Pensions are selling out of equities before markets have had time to recover the quarter’s losses.
GIC Opens Brazil Office
The trend for investors opening regional offices continues.
Fitch, Moody’s Call Out NJ for Plugging Deficit with Pension Funds
Following 11th-hour actuarial tinkering, all three major ratings agencies have a negative view on New Jersey's credit.
‘We’ve Lived through What Happens When You Offer Too Much Choice’
South African consulting firm Riscura has warned the UK about the pitfalls of allowing DC members to cash in their pension.