Newsmakers

Wade Steen claims he was illegally removed from the board of Ohio’s State Teachers Retirement System.

Haddad was previously interim CIO overseeing the New York City Retirement Systems’ $248 billion portfolio.

The British Columbia Investment Management Corp. will also own a minority stake in the combined entity.

The airline agreed to pay $5 million to the Birmingham fire and police pension fund but denied any wrongdoing.

Fund manager Norges Bank Investment Management sided with Shell in rejecting a proposal to align greenhouse gas targets with the Paris agreement.

The investment firm also promoted David Brief to head of its OCIO practice.

CIO Kåre Hahn Michelsen has been promoted to succeed Søren Kolbye Sørensen as head of the $21.5 billion fund.

Abu Dhabi is backing a competition for quantitative investing aces, with a $40,000 top prize.

Caroline Lovelace succeeds the company’s founder, Floyd Tyler Jr., who passed away in January.

The pension giant is hiring a search firm to find candidates for the job, which pays up to $392,000 a year.

The NextGen program recognizes the future leaders in institutional investing.

They have ample liquid assets—and show little sense of fear.

Governor says changes will save the state and its cities more than $840 million over 31 years.