McCormick to Become CEO of BAAM
J. Tomilson Hill will become chairman of Blackstone Alternative Asset Management.
News
Fidelity Eyes Chinese Mutual, Pension Fund Markets
Company to provide domestic investment products to institutional investors, and high net worth individuals.
Colorado Pension Sues Nine Banks over Lending Rates
Pension alleges the banks rigged their lending rates to boost profits.
Temer Administration Still Adamant on Brazilian Pension Reform in 2018
Presidential poll leader awaiting Wednesday trial.
Northern Trust to Acquire Technology, Software Development Services from Citadel
The agreement allows for deeper collaboration between developers.
AIG Nabs Validus for $5.6 Billion
Deal expected to close mid-2018.
Preqin: Venture Capital Deals Hit Record in 2017
In overall value, VC fundings totaled $182 billion, besting 2015 high mark.
Top UK University Union Members to Strike over Pension Changes
Average professor could lose over $200k in benefits under new plan.
William “Bill” Bain, Founder of Bain & Co., Dies at 80
Mitt Romney: “It’s hard for me to imagine my life and career without Bill Bain’s mentoring.”
UK Pension Deficits Widen in December
Despite monthly increase, deficit is 54% lower than previous year.
Alcoa to Freeze US, Canada Pensions by 2021
Aluminum producer will transition employees to defined contribution plans.
Pension Reform Hot Topic for Illinois Gov’s State of the State Address
State representative hopes for reversal of population migration trend to battle pension crisis.
Fla. Bill Increases State Pension Contributions
Proposed legislation calls for an additional $178.5 million a year.
Mercer Buys Japan’s BFC Asset Management
US consulting firm’s acquisition marks expansion in the Japanese investment management realm.
Hedge Fund Investor Inflow Brings New Asset Record
New capital of $59 billion comes as funds log strong returns.