Latest News

Money Management -

Money Management -

Alison Swonnell was named global head of institutional marketing at Fidelity International.

PENSION FUNDS -

PENSION FUNDS -

Ciaran Barr, investment director at RPMI Railpen, will leave in the first half of this year.
Anne Sheehan to retire from CalSTRS

PENSION FUNDS -

PENSION FUNDS -

Anne Sheehan, director of corporate governance at CalSTRS, will retire March 30.
Lovell Minnick promotes 2 to managing partners

ALTERNATIVES -

ALTERNATIVES -

Steve Pierson and Robert Belke were promoted to managing partners of middle-market private equity firm Lovell Minnick Partners.
BNY Mellon assets rise 4% in quarter on $16 billion in net long-term inflows

Money Management -

Money Management -

Bank of New York Mellon reported $1.893 trillion in assets under management as of Dec. 31, up 4% from three months earlier and up 15% from the year before.
2 multiemployer plans reapply for benefit cuts

PENSION FUNDS -

PENSION FUNDS -

Two multiemployer pension funds whose applications to reduce benefits were rejected or withdrawn have submitted new ones under the Multiemployer Pension Reform Act of 2014.
Callan: Plan fees still dominate DC execs thoughts, actions

Defined Contribution -

Defined Contribution -

Plan fees continue to dominate the thinking and actions of defined contribution executives, far exceeding other plan issues.
Duke Energy agrees to disclose business effect of Paris Agreement's climate-change goal

ESG -

ESG -

Duke Energy agreed to disclose in a report this quarter how its business will be impacted by the Paris Agreement's global temperature goal.
William Bain, founder of Bain & Co., dies at 80

ALTERNATIVES -

ALTERNATIVES -

William Bain Jr., who made operating know-how a key tenet of private equity management through his namesake firms Bain & Co. and Bain Capital, has died. He was 80.
New York governor proposes bill to tax carried interest as ordinary income

Legislation -

Legislation -

New York Gov. Andrew Cuomo announced he had submitted a bill seeking to tax carried interest as ordinary income rather than capital gains.
Carlyle co-CEO, Chamber of Commerce officials urge more action on infrastructure

Infrastructure -

Infrastructure -

The U.S. needs to do more to facilitate infrastructure projects and public-private partnerships, said Glenn Youngkin, co-CEO of Carlyle Group.
MIT professor receives Harry M. Markowitz Award for research on the effect of technology

Awards -

Awards -

Andrew W. Lo was named winner of the $10,000 Harry M. Markowitz Award for his paper, "Moore's Law Vs. Murphy's Law in the Financial System: Who's Winning?"
Blackstone Alternative Asset Management taps new CEO to succeed J. Tomilson Hill

ALTERNATIVES -

ALTERNATIVES -

John P. McCormick succeeds J. Tomilson Hill as president and CEO of Blackstone Alternative Asset Management.
Large investors plan to increase alternative, active management allocations in 2018 – survey

Investing -

Investing -

Large institutional investors are maintaining cash levels and selectively increasing allocations to active strategies to mitigate downturn risks.
Alcoa to freeze DB plans for U.S., Canadian employees, make $300 million pension contribution

PENSION FUNDS -

PENSION FUNDS -

Alcoa said it will freeze its defined benefit plans for its U.S. and Canadian salaried employees, effective Jan. 1, 2021.