Latest News

BlackRock's Asia Pacific investment stewardship head to retire in January

ONLINE

ONLINE

Pru Bennett, the 8-year BlackRock veteran leading the firm's 10-person Asia Pacific stewardship team, will retire at the start of 2019.
Deere expects to plow an extra $950 million into pension plans in fiscal 2018

Pension Funds

Pension Funds

Deere & Co. expects to contribute an additional $950 million to its U.S. pension and other post-retirement benefit plans in fiscal 2018.

Money Management

Money Management

Yosef Zweibach was named director and head of business strategy and investor relations at PanAgora Asset Management.

Money Management

Money Management

J.P. Morgan Asset Managements hires CBRE veteran James Santi to quarterback the firm's real estate acquisitions in Australia and New Zealand.
Ontario Teachers' CEO in familiar role as search for new CIO continues

PENSION FUNDS

PENSION FUNDS

Ontario Teachers' chief executive has stepped in as interim CIO of the C$189.5 billion pension fund.
Milliman: Corporate pension funding improves in April to nearly 92%

Pension Funds

Pension Funds

The funded status of the 100 largest U.S. corporate pension plans rose 1 percentage point to 91.6% in April.

Asset Servicing

Asset Servicing

Mark Porter is stepping down as CEO of asset servicing firm MUFG Investor Services but will remain with the firm as an adviser.
Kentucky's pension obligations contribute to S&P credit rating downgrade

PENSION FUNDS

PENSION FUNDS

S&P Global Ratings downgraded Kentucky's credit rating due in part to "increased budgetary strain from rising costs associated with pension obligations."
S&P Global Ratings downgrades Fort Worth's debt rating because of pension liabilities

Pension Funds

Pension Funds

S&P Global Ratings downgraded Fort Worth's general obligation debt rating to AA from AA+ , citing the city's rising pension liabilities.
Life post-CalPERS: CIO Eliopoulos envisions private-sector career

PENSION FUNDS

PENSION FUNDS

CalPERS CIO Ted Eliopoulos said it's likely he'll be joining the private sector when he leaves the $355.9 billion pension fund at year-end.
Shareholders OK proposal calling on Range Resources to issue emissions management report

GOVERNANCE

GOVERNANCE

Range Resources investors voted in favor of a proposal calling on the company to issue a report related to its methane emissions management.
CalPERS eyes creating corporate structure for direct private equity investing

Pension Funds

Pension Funds

CalPERS is embarking on a new program to invest directly in private equity and late-stage venture capital through a corporate structure.
University of Rochester sued over alleged excessive administrative fees in 403(b) plan

Courts

Courts

A participant in University of Rochester 403(b) sued the university, alleging it offered a plan that charged "grossly excessive" fees.
New York State Common returns 11.35% in fiscal year

Pension Funds

Pension Funds

The New York State Common Retirement Fund posted an estimated 11.35% net return on investments for the fiscal year ended March 31.
FirstGroup, Aon Hewitt sued over changes to DC plan investment options

Courts

Courts

Participants in a DC plan offered by FirstGroup America have sued the firm and Aon Hewitt Investment Consulting alleging ERISA violations.