Suni Harford will become president of asset management and an executive board member at UBS, effective Oct. 1.
Andrew Rosenfield has been appointed president of Guggenheim Partners, effective immediately.
A Texas-based pension plan was scheduled to approve a search for domestic large-cap equity emerging managers last week.
A Texas-based plan has issued its RFP for private equity consulting services.
A West Coast pension plan wrapped up its search for active international equity management services last week.
A pension plan in Southern California has issued its RFP for domestic small-cap equity emerging managers.
Institutions are increasingly open to these equity strategies, but still face competition from passives.
A Pennsylvania township’s pension plans are searching for investment services providers.
The Austin Police Department’s retirement system is in considerable trouble, with actuaries predicting that the fund will run out of money within 50 years unless the city and the officers who are members of the system reach an agreement to change current contribution levels, benefits and/or try a more novel approach.
Just 11 percent of private sector workers now have defined benefit retirement plans, which pay amounts based on formulas including service time and salary rates as do the federal FERS and CSRS systems, a report has found.