The California State Teachers’ Retirement System just missed its target rate for annual investment returns, recording 6.8 percent for the fiscal year ending June 30.
A founder of a Montreal-based investment manager will retire at the end of 2019.
A Florida city is seeking a consultant to assist with a plan administrator search for its deferred compensation plan.
A pension plan in the Southwest has hired a new general investment consultant.
The U.S. Supreme Court recently agreed to review the Eighth Circuit’s decision in Thole v. US Bank, in which the Eighth Circuit held that participants in an overfunded defined benefit pension plan lack standing to sue for fiduciary breaches under ERISA. The Supreme Court’s decision in this case—the third ERISA case accepted by the court this term—could have significant implications for plan sponsors and plan fiduciaries.
Eagle Asset Management promoted Brad Erwin to portfolio co-manager on the firm’s Growth & Income Team on July 1.
A Texas county completed a search for investment advisory services this month.
Jen Robertson, associate portfolio manager and senior analyst on the MetWest Capital Equity team at Wells Fargo Asset Management, will leave the firm on Sept. 13.
Andrea Clark has joined GW&K Investment Management as v.p. and global equity client portfolio manager.
Tortoise appointed Senior Managing Director Michelle Kelly Johnston as its cfo on July 1.