Legal & General in $3.14 Billion Deal to Take Over Nortel Pension Plan
Bulk annuity buyout frees fund from British pension rescue agency.
Bulk annuity buyout frees fund from British pension rescue agency.
More than a dozen international regulators helped unravel conspiracy.
Priya Mathur, an advocate for CalPERS ESG programs, will be replaced by California police officer Jason Perez.
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.
University portfolio values rise to $26.5 billion, $7.2 billion, respectively.
Increased discount rates, global equity returns generate uptick in the ratios for plans in the index.
Majority of commitments go to two private equity funds.
As benchmark 10-year Treasury finally rises over 3.2%, equity investors fear growth-choking interest rates are en route.
The two alternatives firms will close at year-end, unhappy with recent performances.
Brad Holzberger helped create Australia’s first two-dimensional lifecycle fund during his near-decade stint as investment head.
The State of Wisconsin Investment Board, in giving him two jobs, fills the vacancy left by Rick Smirl’s departure.
Firm fined $4 million as former president accepts three-year ban from securities industry.
Endowments surpass median, mean returns for colleges and universities.
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.
Prudential will take over the benefit obligations of 23,000 retirees.