Ross McLellan and Edward Pennings of State Street Global Markets’ portfolio solutions group – which covers transition management – have departed the firm following questions over the pricing of a fixed-income transition, multiple sources tell aiCIO.
The Bank of England has unleashed £75 billion of emergency support in an effort to lessen tensions threatening the UK's recovery, yet Aon Hewitt predicts the move of QE2 will only exacerbate pension funding problems.
Florida Attorney General Pam Bondi has said it is "indefensible" that the state pension is asking for nearly $11,000 to collect public records regarding the scheme's investments.
The Ontario Municipal Employees Retirement System (OMERS) is set to launch a venture capital arm that plans to commit $180-million in the next three years.
AQR Capital Management, a $40-billion asset management firm with a focus on alternatives, has launched a $100,000 annual competition for academic finance papers.
In PIMCO's latest quarterly outlook, the firm has revealed that it is cutting its exposure to riskier assets and shifting to relatively high-quality investments.
Goldman Sachs Asset Management has announced that Richard Quigley, previously head of portfolio advisory at Albourne Partners, has joined its Alternative Investments & Manager Selection (AIMS) Group.