Newsmakers

No Revenue Without Conviction

Directionless investors are conspiring with weak macro-economic conditions to unsettle a business model dependent not just on activity, but short selling, leverage and spreads, says Dominic Hobson, editor in chief of Global Custodian.

MassPRIM's Travaglini to Quit Pension Fund

The executive director of the Massachusetts Pension Reserves Investment Management Board (MassPRIM) is stepping down next month, a treasury staffer said Monday.

CalPERS Delays $600 Million More From State

Citing a $19.1 billion budget deficit, the largest US public pension delays taking hundreds of millions of dollars more from the state to pay for employee retirement benefits next year.

TIAA-CREF Seeks Endowment Management

The New York-based retirement plan provider is looking for money managers from colleges and foundations and may announce the initiative as soon as this week.