DB Plans Outperform DC by Widest Margin Since 1995
LDI has been narrowing the performance gap overall, but long bonds proved to be a boon for defined benefit schemes in 2011.
Newsmakers
LDI Veteran Departs AXA
AXA Investment Managers' head of UK LDI Shalin Bhagwan is leaving his position after 11 months at the firm.
Dutch Pension Giant in Talks to Acquire Peer
PGGM may be set to grow even larger if discussions started this month to acquire a domestic rival are successful.
Harvard Endowment: Where Deputies (Can) Out-Earn the Boss
The endowment’s top investment staff rode strong returns to a 45% gain in total compensation for 2011.
Australian Supers on Track for Second-Best Year Ever
Australia's defined contribution retirement funds are on track for their second-best year ever.
Nigeria: 1 South Africa: 0
One African SWF has scored its first goal, but another is back in the dressing room.
JP Morgan Closing Transition Management Business
The global custody bank is the second dominant industry player to exit the business in a week, following Credit Suisse’s shuttering of its US business.
Detroit Pension Trustees Face Dismissal Over Hawaii Conference
A number of public funds had already dropped out of conference following criticism in the press.
Credit Suisse Exiting Transition Management Business
The firm is shuttering its American transitions group; its global business is not expected to follow.
ATP, PGGM, USS, PPF Win at aiCIO European Innovation Awards
Who was victorious at aiCIO’s inaugural European Innovation Awards?
Larger 401(k) Menus Mean Worse Outcomes
Plan sponsors have been protecting themselves from lawsuits by offering more 401(k) options, but at the expense of member participation and savings rates, a paper contends.
Abu Dhabi Picks Banking Vet to Lead Infrastructure Team
An infrastructure expert and former Deutsche Bank managing director has joined the Middle Eastern sovereign wealth fund.
Ontario Teachers Pension Names New Head
Retiring President and CEO Jim Leech’s successor will come from within the C$130 billion fund.
Ex-Dartmouth College Investment Chief Joins Outsourced CIO Firm
David Russ departs Credit Suisse for Boston-based indie.
China Investment Corp Picks New Leader
The executive vice-mayor of Shanghai is expected to be named to the top position at China’s $500 billion sovereign wealth fund.