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An international biweekly financial newspaper covering institutional investing and fund management. Reports on news developments affecting the investments and investment strategies of pension funds, endowments, foundations, mutual funds, insurance compani
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Pensions & Investments back issues
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Corrections & clarifications.(Correction notice)
June 29, 2009... *Carey Pack is chief executive of BNY ConvergEx Execution Solutions, a division of BNY ConvergEx. Mr. Pack was inaccurately identified in the June 15 edition.
Cutting a DB plan doesn't help.
June 29, 2009... Byline: Barry B. Burr
Curtailing a defined benefit pension plan does not improve a company's market value, according to a study by three analysts at Watson Wyatt Worldwide Inc.
In an article in the July/August issue of the Financial Analysts Journal, Brendan McFarland, economist,...
Schmid exits Boeing for U. of Chicago.
June 29, 2009... Mark A. Schmid was named vice president and chief investment officer of the University of Chicago, overseeing its endowment fund, effective July 6.
Mr. Schmid was vice president and CIO of Boeing Co., Chicago, with responsibility for its $40.6 billion defined benefit plan and $25 billion...
Suitors from U.S., U.K. line up for Insight.
June 29, 2009... Byline: Thao Hua
Bank of New York Mellon Corp., State Street Corp. and Russell Investments are among U.S. companies looking to bid on the external money management business of Insight Investment Management Ltd., a leading U.K. specialist in liability-driven investing, say sources close...
Corrections & Classifications.
June 15, 2009... Assets of the BT Pension Scheme fell 21.7% for the year ended March 31 from [pounds sterling]37.4 billion ($60.5 billion) a year earlier. Incorrect figures were reported in the May 18 issue.