Legal & General in $3.14 Billion Deal to Take Over Nortel Pension Plan
Bulk annuity buyout frees fund from British pension rescue agency.
News
SEC Stops Microcap Fraud Scheme
More than a dozen international regulators helped unravel conspiracy.
CalPERS President Loses Her Board Seat
Priya Mathur, an advocate for CalPERS ESG programs, will be replaced by California police officer Jason Perez.
How Wisconsin’s David Villa Will Wear Two Hats
The State of Wisconsin Investment Board’s CIO and newly christened executive director is ‘relying on the strong leadership’ of the new management council to ensure success.
Stanford, Cornell Endowments Return 11.3%, 10.6%
University portfolio values rise to $26.5 billion, $7.2 billion, respectively.
S&P 500 Pensions Approaching 91% Funded
Increased discount rates, global equity returns generate uptick in the ratios for plans in the index.
Washington State Allocates Close to $3 Billion to Private Markets
Majority of commitments go to two private equity funds.
Why the Stock Market’s Dive Was an Overreaction
As benchmark 10-year Treasury finally rises over 3.2%, equity investors fear growth-choking interest rates are en route.
Hedge Funds Criterion, Highfields Shutting Down
The two alternatives firms will close at year-end, unhappy with recent performances.
QSuper CIO to Depart Next September
Brad Holzberger helped create Australia’s first two-dimensional lifecycle fund during his near-decade stint as investment head.
David Villa Tacks On Executive Director Title to CIO Gig
The State of Wisconsin Investment Board, in giving him two jobs, fills the vacancy left by Rick Smirl’s departure.
SEC Charges LendingClub with Misleading Investors
Firm fined $4 million as former president accepts three-year ban from securities industry.
Yale, Brown, Duke, Michigan State Earn Double-Digit Returns
Endowments surpass median, mean returns for colleges and universities.
Putin Makes Russian Pension Reforms Law
An extra $7.6 billion from the government will help finance the operation, which gradually raises the national retirement age over the next five years.
International Paper, Prudential Make $1.6 Billion Group Annuity Deal
Prudential will take over the benefit obligations of 23,000 retirees.