Anonymous sources
Pensions & Investments
Waddell & Reed, BlackRock, Norway fund put pedal to metal for F1 stake - Pensions & Investments
According to a source who declined to be identified, money management firms Waddell & Reed and BlackRock invested $1.1 billion and $200 million, respectively, on behalf of clients, while sovereign wealth fund Norges Bank Investment Management invested ...
BlackRock plans $1.5 billion bond sale to fund Barclays share repurchase - Pensions & Investments
By Douglas Appell BlackRock (BLK) will issue $1.5 billion of bonds to fund its $1 billion share repurchase from minority owner Barclays and raise an additional $500 million for general corporate purposes, according to a source, who declined to be named ...
Money managers note heightened interest in low-volatility strategies - Pensions & Investments
An executive overseeing one multibillion-dollar institutional portfolio, who declined to be identified, said the evidence in favor of the strategy was so compelling that he managed to convince his board to back a test allocation of more than 1% of the ...
Derivatives rules could put chill on LDI in Europe - Pensions & Investments
Under the European Union's European Market Infrastructure Regulation directive, the cost of hedging liabilities is likely to increase, making it more expensive for pension funds to implement LDI, sources said. In a low bond-yield environment that ...
Apple's volatility causing jitters for pension fund execs - Pensions & Investments
A senior investment officer with a $5 billion-plus corporate defined benefit plan, who declined to be named, struck a similar tone. “We have never looked at security-level option strategies,” he said, suggesting that unless Apple options offer ...
Deutsche asset inflow to transform Guggenheim - Pensions & Investments
One competitor, who declined to be named, reported a pickup in calls from Deutsche clients apparently looking to be ready should an eventual integration of Guggenheim and Deutsche prove problematic. But he noted that Randy Brown, the highly respected ...
Hewitt EnnisKnupp still suffers merger pains - Pensions & Investments
One Ennis Knupp veteran who left after the merger, and declined to be named, said a successful investment consulting firm can be built on either structure, but “changing the rules in the middle of the game” is disruptive.
China asset shift might open doors for outside firms - Pensions & Investments
As the local pension fund portfolios mature, at least a small allocation to overseas investments will be needed for diversification, sources said. As of December 2011, global managers who already manage assets for the NCSSF and could benefit in the ...
Insurers cited as most interested in Hartford record-keeping unit - Pensions & Investments
“It's a game of scale,” said one investment banker with experience in the DC business, who asked not to be identified. He suggested that potential buyers would be within $10 billion to $20 billion — higher or lower — of the $52.3 billion in ...
Coast Asset Management selling its hedge funds-of-funds business - Pensions & Investments
Industry sources who asked not to be named identified Cantor Fitzgerald & Co. as the acquirer. Neither Sandra Lee nor Carrie Walker, Cantor Fitzgerald spokeswomen, returned calls seeking confirmation of the acquisition.
Insurers cited as most interested in Hartford record-keeping unit - Pensions & Investments
“It's a game of scale,” said one investment banker with experience in the DC business, who asked not to be identified. He suggested that potential buyers would be within $10 billion to $20 billion — higher or lower — of the $52.3 billion in ...
Senate passes JOBS Act, but institutional investors wary - Pensions & Investments
Because of the White House backing, congressional critics were unable to add further safeguards to the bill. “I don't know who this is good for,” said a senior Senate Democratic aide who did not want to be identified. “This is not good for our market, ...
Fidelity increasing its role in Pyramis' institutional business - Pensions & Investments
Another consultant to money managers who declined to be named said with more investment functions being “repatriated back to broader Fidelity,” the question to ask is what core functions will be left with Pyramis. At the end of the day, it could become ...
Paulson partner goes it alone with own hedge fund - Pensions & Investments
Mr. Lacoursiere didn't make portfolio or investment decisions at Paulson, according to another person familiar with the firm, who asked not to be named because the information isn't public. Paulson, founded by billionaire John Paulson, suffered record ...
Authorities eyeing ETFs, but big changes not likely - Pensions & Investments
Several sources familiar with how the agency operates who asked not to be identified agreed, saying the latest ETF review is so broad it's unlikely to result in any new regulations in the next year. SEC spokeswoman Florence Herman said the agency would ...
AIG sells $500 million stake in Blackstone - Pensions & Investments
AIG exited the stake in a block trade before US markets opened, said the person, who declined to be identified because he isn't permitted to speak about the transaction. AIG notified Blackstone in 2010 that it would convert 35.7 million Blackstone ...
Corporate pension plans ready to seek more relief - Pensions & Investments
Sen. Tom Harkin, D-Iowa, who chairs the Senate Committee on Health, Education, Labor and Pensions “is committed to making sure pension funding rules are working well,” said an aide who did not want to be identified.
Power's bid to expand Putnam via Deutsche unit buy dims - Pensions & Investments
Investment bankers, who declined to be named, said as of Feb. 17, Guggenheim Partners and Macquarie Group were the leading bidders for that broader asset management business. Those units are Deutsche's real estate-dominated RREEF Alternatives affiliate ...
Price was too high for Wilshire sale - Pensions & Investments
based firm couldn't be closed, according to investment bankers and potential bidders who declined to be named. Opinions of industry veterans familiar with the aborted sale are mixed on whether the 71-year-old Mr. Tito is likely to restart the process ...
Carlyle reportedly lowers fees for new PE fund - Pensions & Investments
... VI will pay a discounted management fee of 1.1% on committed capital, while smaller investors will be charged as much as 1.5%, depending on the size of their commitment, said the people, who asked not to be identified because the firm is private.
Columbia Management president heads for Pyramis Global Advisors - Pensions & Investments
By Douglas Appell Michael A. Jones will take the helm at Pyramis Global Advisors, according to two market veterans who declined to be named. Mr. Jones will be taking on responsibilities at Pyramis currently held by Kevin C. Uebelein, but it remains ...
Cheshire Pension Fund seeks consultant - Pensions & Investments
By Thao Hua Cheshire Pension Fund, Chester, England, issued an RFP for an investment consultant, said an official of the £2.8 billion ($4.4 billion) pension fund who asked not to be named. The official declined to provide further details about the ...
Institutional investors set to dump poor hedge fund performers - Pensions & Investments
s hedge funds last year were less than in 2010, which in turn were less than 2009 redemptions, said a source with knowledge of the company, who asked not to be identified. The company's assets totaled $28 billion as of Dec.
PBGC worthy opponent in AMR bankruptcy fight - Pensions & Investments
“It (is) a three-dimensional chess game ... and (Mr. Gotbaum) knows how to play,” said one bankruptcy expert, who declined to be identified. The risk of assuming a $9 billion unfunded liability from American offers plenty of motivation for officials at ...
Equity makeover in the works for Japan's corporate pension funds - Pensions & Investments
One conference attendee — the manager of a corporate pension plan who declined to be named — said his sharp cutback in exposure to domestic Japanese equities in recent years had been offset by allocations of 10% or so to hedge fund-of-funds ...