Pension Systems Are Desperate for Reforms, Consultancy Says
Plan
sponsors must manage participants’ benefit expectations to contend with
diminishing financial resources, according to strategy firm EY.
Newsmakers
JP Morgan Sells Half of Private Equity Business
The
banking giant has reached a deal with two firms to sell 50% of One Equity
Partners as it continues “pruning” unnecessary divisions.
IMF Urges SWF for China’s Casino City
Gambling
money has been flooding into Macau—and the IMF wants it managed properly.
Harvard Loses CFO Dan Shore
Shore,
who has served as the university’s finance chief for six years, is the latest
of a series of high-level financial officers to make their exits.
Ex-CEO of BP Pension Trustees Joins 300 Club
Called “a
stalwart of the UK pensions industry,” Sally Bridgeland has been inducted into
a group that challenges the current investment landscape.
Texas A&M Drops Fund Evaluation Group for LCG
The private consulting firm beat out 18 competitors to help manage Texas A&M’s $3.66 billion investment program.
SWF to Buy Out Malaysia Airlines
The
Malaysian government has said it would pay $437 million as part of a “holistic
restructuring plan” following the airline’s recent tragedies.
Manager Bonanza at CIC
The largest sovereign fund in Asia has bucked the international trend of bringing investment capability in house.
UAW Health Trust Loses Alts Specialist to Hedge Fund
After less than a year, Marina Mekhlis has left the $50-plus billion fund for GoldenTree Asset Management.
SAUL Appoints CEO Successor to Green
The pension and administration group has appointed a new commander-in-chief.
Profile: Troubleshooting Short-Termism, One Country at a Time
The UK’s asset management trade body is opening its doors to institutions beyond its shores to help “make investment better”.
Harvard Hires Head of Public Equity
The $32.7
billion endowment fund has enlisted former CIO of MDR Capital Management,
Michael Ryan, to lead its public equity team.
UK to Issue More Inflation-Linked Bonds as Demand Soars
Record demand for inflation-linked assets has seen the UK’s latest debt auction three times over-subscribed.
Deputy CIO to Depart, Recruiting Begins at UC Regents
Four months into new CIO Jagdeep Bachher’s tenure, longtime deputy CIO Mel Stanton has set a retirement date.
Mercer Closes Regional Offices, Loses Star to Asset Manager
The consultancy firm is closing two UK offices and one of its senior partners is exiting, while Cambridge Associates has appointed a new UK pensions chief.