Industry At A Glance

Global Turmoil Hits Tar Heel State Pension Fund

February 3, 2012 - Middle Eastern conflict and the European debt crisis seemed to have had a lasting impact on the funds available within the Raleigh, N.C.-based pension portfolio managed by the North Carolina State Treasury...

Segal Advisors Rounds Up Rogerscasey

February 3, 2012 - Following much industry speculation for the transaction, Segal Advisors confirmed today that Darien, Conn.-based Rogerscasey will now be part of The Segal Company’s investment consultancy business...

CalSTRS Adjusts Return Assumption

February 3, 2012 - CalSTRS has lowered its investment return assumption from 7.75% to 7.5%, the second largest pension fund in the nation revealed Thursday...

U.S. Bank Acquires Union Bank’s Retirement Plan and RIA Institutional Trust Biz

February 3, 2012 - U.S. Bank has acquired the units of Union Bank’s institutional trust business that focus on retirement plans, labor management trusts, and registered investment advisors, U.S. Bank’s parent, U.S. Bancorp, announced late Wednesday...

P-Solve Solvates into Retirement Conglomeration

February 2, 2012 - Two retirement plan and fiduciary consultants based in the Commonwealth have merged to form P-Solve Cassidy, a new announcement states.

Illinois Reforms Get Push

February 2, 2012 - Illinois Gov. Pat Quinn called for legislative action this year on pension and Medicaid reforms to stabilize the state’s fiscal house but offered few details on how to accomplish that goal in his state of the state address Wednesday during which he rolled out plans for new tax credits and more education spending...

U.S. Plan Sponsors Owe Equities Year-End Bonus

February 1, 2012 - A new analysis from financial services giant Northern Trust highlights the lasting and positive impact that domestic equities had on institutional investment plan sponsors’ 2011 showing...

S.C. Treasurer: Commission ‘Not Broken’ But ‘Bent’

February 1, 2012 - Treasurer Curtis Loftis, an outspoken official against the South Carolina Investment Commission, told lawmakers yesterday that transparency and accountability—not legislation—will mend the wounds inflicted by prior leadership...

N.J.'s Unfunded Pension Liability Will Only Get Worse, Fitch Warns

February 1, 2012 - New Jersey’s unfunded pension liability will probably worsen because the state does not plan to fully fund its actuarial annual required contributions to pensions until fiscal 2018, Fitch Ratings said Tuesday...

Economists Debate Governments' Role in Repairing Economies

February 1, 2012 - Two renowned economists engaged in a fierce debate at the IMCA New York Consultants Conference on Tuesday on a question that both admitted had no concrete answer: What can the government do to repair the economy...

Janney Expands Capital Markets Group

January 31, 2012 - Philadelphia-based financial services firm Janney Montgomery Scott expanded its capital markets group with new hires and plans to open an office in Dallas...

SEC Doesn't 'Like' Facebook

January 31, 2012 - While leading asset managers like Fidelity Investments are "still evaluating" an SEC alert warning investment advisers to be wary about using the Internet's social media sites, at least one industry expert believes the Jan. 4 edict "will chill the use of social media by asset management firms...

U.S. Endowments Endow Faith in Alts, Equities Prevail, However

January 31, 2012 - While nearly half of the endowments situated in the U.S. are still trying to regain ground lost following the financial collapse, emerging market debt and other fixed-income strategies remain a minuscule part of the investment conversation...

Justin Metz, Related Fund Management

January 30, 2012 - Justin Metz is the managing principal at Related Fund Management. He is the newest participant to take part in IMMP's “5 Questions.”

Strategic Investment Solutions’ Co-Founder to Retire

January 30, 2012 - After 18-years, Michael Beasley will step away from Strategic Investment Solutions (SIS), the institutional consulting business he helped to build...