U. of Texas Endowment Chief Zimmerman Exits
The CEO and CIO is leaving the $37 billion public endowment after nine years.
News
UTC Pension Shaves Off $1.8B in Liabilities
United Technologies will transfer $775 million of benefit obligations to Prudential and offer some employees a lump sum payment.
ICI Splits $1.2B Buy-In with Two Insurers
The UK chemical firm has now completed 11 transactions in three years using its innovative “umbrella” contracts.
IMF: Low Rates Threaten Solvency of Pensions, Insurers
The longer interest rates stay low, the more difficult it will be for pension funds and life insurance companies to meet liabilities.
UK Watchdog Lays Down Transaction Cost Rules
Asset managers must calculate and communicate transaction costs to pension investors, says the UK’s Financial Conduct Authority.
A Corporate Pension’s Guide to Credit Spreads
How liability-driven investors can manage credit spread risk, according to Cambridge Associates.
The Investment Consultant Paradox
Stefan Dunatov, CIO of the UK’s Coal Pension Trustees, asks: Where are all the trusted, impartial advisors the investment industry desperately needs?
Ford CIO Kathleen Gallagher Retires
The automaker’s investment chief of nine years will be replaced by Erin Rohde.
Janus Group to Merge With Henderson
The combined entity will manage more than $300 billion of assets once the deal is complete.
Harvard Endowment Names Columbia’s Narv Narvekar CEO
Current Columbia CIO Peter Holland will replace Narvekar, who takes over Harvard's $36 billion endowment on December 5.
Och-Ziff to Pay $400M to Settle Bribery Charges
The hedge fund group made “illicit payments” to African officials for access to mining assets and to encourage investment in Och-Ziff funds, the SEC alleged.
Cornell Endowment Plots Office Move to NYC
The relocation will help attract more investment talent and place the fund “closer to world markets,” its CFO says.
Hedging on Liquid Alternatives
Can liquid alts provide the same benefits as a traditional hedge fund—or are they just a cheap knock-off?
DTE Energy Names CIO
Fiat Chrysler’s Angela Buk will fill the role left open by Paul Cavazos’ summer departure.
Rhode Island Halves Hedge Fund Allocation
The state pension aims to reallocate towards low-cost passive funds in a bid to cut costs and boost returns.