CHINA/US - The China Investment Corp. (CIC) has partnered with chip maker Intel to invest in technology innovation, Intel said.
NETHERLANDS - Two Dutch pension funds - Stichting Bedrijfstakpensioenfonds voor de Suikerverwerkende Industrie and Stichting Bedrijfspensioenfonds voor de Suikerwerk- & Chocoladeverwerkende Industrie - have hired BNY Mellon Asset Servicing as custodian...
Raquel Pichardo-Allison discusses the changing relationship between pensions funds and their consultants, and asks whether consultants will need to share their role with third-party providers.
US - Jeffrey Gundlach has filed a counter suit against former employer TCW claiming the firm owes him and his team up to US$1.25bn as part of an agreement that guaranteed them a percentage of management fees.
NEW ZEALAND - The New Zealand Superannuation Fund has fired AXA Rosenberg from a long-short and a small-cap equity mandate, the scheme said today.
US - The investment committee of the California Public Employees' Retirement System will discuss the merits of using a leveraged allocation to fixed income as part of its portfolio strategy.
US/UK - Russell Investments has sold Pantheon Ventures, its US$22bn private equity fund of funds manager, to Affiliated Managers Group for around $775m.
US - California attorney general Edmund Brown has put pressure on the two largest California pension funds to "honour the state law" to divest from companies doing business in Iran.
GLOBAL - Towers Watson has started recommending its clients invest up to half of their passive assets in fundamental indexes.
Towers Watson has started recommending its clients invest up to half of their passive assets in fundamental indices.