Putnam Investments Expands Institutional Consultant Relations Team
Charlotte Walsh and Gregory Weissman are joining Putnam Investments' consultant relations team, highlighting continued demand on the investment consultant business.
Newsmakers
US Debt Ceiling Problems Halt Federal Pension Investment
Fears of breaching the United States’ debt ceiling has meant the government has temporarily halted further payments into the pension fund for Federal employees.
Minderides in At State Street’s UK Transitions Team
Ex-JP Morgan transition management chief John Minderides has
been recruited to lead State Street’s efforts in the United Kingdom; Rick
Boomgaardt, head of EMEA transitions, has left the firm.
NYC Comptroller Liu Voices Pension Commitment to Minority and Women Investment Managers
New York City Comptroller John Liu has expanded the city's pension funds' commitment to minority and women investment managers by $500 million.
Ex-APG Exec Appointed to European Investment Bank
Pim Van Ballekom, APG Pension Group's former Head of International Public Affairs, has been appointed as the European Investment Bank's (EIB) Vice-President.
CalPERS Highlights Hybrid Pension Plans
Hybrid pension plans maintained by state retirement systems are a proven to deliver pension income security, retain essential staff, and provide important economic stability to every city, town, and state across the country, CalPERS says.
PBGC to American Airlines: Preserve Pension Plans Despite Bankruptcy
Pension Benefit Guarantee Corporation director Josh Gotbaum
is asserting that bankrupt American Airlines should not use Chapter 11 to
jettison its pension plans.
Demand for AAA Europe Collateral Pushes Bond Lending to Record Levels
French, German and UK sovereign debt on loan hits record level as investors seek good quality collateral in turbulent European market conditions.
NYC Actuary Recommends Lowered Return Rate for Pensions
Robert North, New York’s chief actuary, is recommending that the city’s schemes lower its assumed annual rate of return on assets to 7% from 8%.
BNY Mellon Working Toward Settlement as Part of Federal Forex Suit
The world's largest custody bank is close to finalizing parts of a lawsuit filed by federal prosecutors over misrepresenting currency trades.
New Findings Question Value of Harvard, Other CIOs
Little if any research has been conducted on the value of chief investment officers -- measuring performance relative to their paychecks -- until now.
Bridgewater Aids Tool to Uncover 'Hidden Beta'
Bridgewater Associates’ flagship fund serves as guinea pig for new ‘hidden beta’ hunting tool by research and technology firm.
Steer Joins BNY Mellon After Year-Long Term at Russell
Cynthia Steer, FX specialist and veteran consultant, joins fund house.
Longevity Swap Market Still Constrained, Despite Growing Number of Deals
The lack of an established market to trade longevity risk may stymie the current flurry of deals to derisk pension schemes through swapping out this liability.
US Economy to Grow by Up to 2.5%, BlackRock Predicts
Bob Doll, Chief Equity Strategist for Fundamental Equities at BlackRock, predicts a "slow growth" world, with Europe slipping into a recession while US stocks achieve double-digit gains.