T. Rowe Price CIO to Step Down as Portfolio Manager
Brian Rogers says he will hand over responsibility for the $30 billion equity income fund, but stay on as CIO and chairman.
News
World’s Largest Portfolio Not Big Enough, Report Finds
The ultra-conservative $1.27 trillion Japanese pension fund will need more tax inflows to pay its future bills, a comprehensive review found.
Texas Pension Overpaid Staff in 2013, Auditor Finds
The pension funds for Texas public sector workers overpaid staff and failed to formally approve incentive plans in time, the state’s auditor has reported.
S&P Scolded for France Rating Slip
An internal error meant S&P falsely informed subscribers that France had been downgraded.
La Caisse to Expand Investment Outposts
The Québec fund has “some catching up to do” to match its compatriot funds’ networks, its CEO has said.
New Jersey Faces Further Downgrade over Pensions
A credit rating agency has warned the governor’s actions on pension reform could hit its assessment of the Garden State—again.
Cambridge Associates: The Problem of Too Much 'Dry Powder' in Private Investments
Higher than average levels of undeployed capital in private investment funds could spell trouble for investors, Cambridge Associates has found.
Oxford Endowment Under Pressure to Dump Fossil Fuel Investments
Staff campaign to Vice-Chancellor for £1.5 billion of university funds to divest of holdings in oil, gas, and coal companies.
Tesco Pension Appoints Kuwait Alternatives Specialist
The UK supermarket chain is building up its internal alternatives team.
Pension Reform Could Save Pennsylvania $11B, Claims Actuary
Lawmakers are pushing for a cost-saving hybrid plan proposal combining DB and DC plans for new employees.
Are Corporate Plans Really Close to Being Fully Funded?
Incorporating
future service costs and benefits for future participants into a plan’s
liability metric can significantly bring down the funding ratio.
Harvard, Penn, Chicago: Which School Opens the Fund Management Door?
If you want your children to get into fund management, their
choice of educational establishment can help.
Hedge Fund Assets to Hit $5.8T by 2018
Assets run by hedge funds could double but the biggest players are continuing to dominate.
SEC Hits Out at Underfunded Public Pensions
SEC Commissioner Daniel Gallagher has hinted at potential fraud action against “lax accounting standards”.
NYC Pensions Appoint TIAA-CREF Veteran as New CIO
Scott Evans,
former CIO and president of asset management at TIAA-CREF, will begin managing
the city’s $150 billion retirement system in July.