Towers Watson Appoints New Americas Head of Investments
Steve Carlson, a 13-year veteran of the global consulting and management firm, will replace Chris DeMeo to lead investments in the Americas.
Newsmakers
U California CFO Departs for LA Foundation
Peter Taylor has resigned from the university to lead a new private foundation.
Pensions Trust Loses CEO
The UK’s pension fund for charity employers needs a new CEO.
Great-West and Putnam Merge Retirement Businesses
The united platform will be led by Robert Reynolds, current president and CEO of Putnam
Investments.
Golden Lining in Miserable Month for PIMCO
The “pressure cooker” environment at PIMCO concerns Morningstar analysts, but there is still a reason for the fund manager to be cheerful.
Will the UK Budget Make Pension Buyouts Cheaper?
DB pension funds could benefit from a more flexible DC regime.
PIMCO’s Bad Month Continues with Stewardship Downgrade
Morningstar analysts have downgraded PIMCO’s stewardship grade from B to C following a visit to the California-based fund company.
Harvard Names Richard Hall as New Private Equity Head
The current PE chief at Texas Teachers will return to his alma mater next month.
CalPERS Remembers a CIO, Commits to Next Generation
The pension giant’s leadership carried out Joe Dear’s legacy in the initial investment decisions made since his death.
New CIO for $50B Pennsylvania Pension
James Grossman, current acting CIO, has been promoted to lead the state's public educators' fund.
Infographic: Emerging Market Financial Centres on the Rise
New York and London are still on top, but the economic crisis has launched many more financial hubs.
AT&T Alternatives Pioneer Thomas Judge Dies
Thomas Judge, one of the first to invest pension assets in venture capital, has died at 83.
DC Beats Target-Date and DB Returns in 2013
Target-date funds fall behind in returns but continue to pull in the lion’s share of assets.
Wall Street Rakes in Third-Best Bonus Season Ever
Banks made it rain on New York City’s securities staffers in 2013, distributing $26.7 billion in cash bonuses.
NJ Pension Names Acting Director to Top Job
Chris McDonough, interim leader since September 2013, succeeds former head Tim Walsh as director of the $87 billion operation.