Philips Seals UK’s Biggest-Ever Full Buyout
The £2.4 billion deal follows two smaller buy-ins and a related risk-transfer arrangement in the US.
News
Sunsuper Hires First-Time Asset Owner as CIO
An executive with consulting firm JANA will take the helm of the $23 billion fund.
Why Due Diligence Is Broken, and How 18 CIOs Would Fix It
Step one: CYA mode should stand for ‘Cover Your Assets.’
What Hedge Fund Managers Make in a Bad Year
Investors are on track to lose money in hedge funds this year—and pay managers an average $1 million each for their services, recruiting data show.
Russell Appoints UK Fiduciary Head as Market Builds
A major provider of OCIO has appointed a chief to spearhead its business in the UK and Ireland.
Can Bond Managers Cope with Higher Rates?
A lack of manager experience of interest rate hikes is a concern for asset owners, research shows.
Tie Bonuses to Gender Balance, UK Finance Firms Told
No women could equal no bonus for finance firm bosses in the UK, if proposals in a new government-backed report are adopted.
Fenway Partners Fined $10M for Conflicts of Interest
The SEC says the company and executives breached fiduciary duty in the latest of its investigations of private equity firms.
Old School Asset Managers, Meet New SWFs
Not a specialist? Only do equities? New wealth funds can still use these traditional asset managers, Cerulli says.
Warren Buffett’s Way to Invest for Retirement
The Sage of Omaha’s proposed 90/10 asset allocation could provide superior upside potential and downside protection, a study has found.
The Argument for Private Equity
Well-implemented private investments can improve the funding levels of defined benefit plans, according to Cambridge Associates.
Real Asset Write-Downs Hit Dallas Credit Rating
More revisions are anticipated as the underfunded police and fire pension battles to improve its health.
CIEBA Labels Premium Hikes a Threat to PBGC, Pensions
The US corporate pension industry group opposes the federal budget deal that would further raise insurance premiums for its dwindling members.
Amundi Targets €2B IPO
Europe’s biggest asset manager aims to float on the Euronext exchange in Paris later this month.
Ontario Teachers’ Ex-CIO Joins Asset Manager
Neil Petroff is now vice-chair of boutique Canadian firm Northwater Capital Management.