INCLUDING: US - Pioneer appoints US head of portfolio management; US - CalPERS appoints board member; US - CalPERS appoints board member
Pioneer Investments has appointed Kenneth J. Taubes as head of portfolio management in the US, succeeding Charles Mayer, who retired in December. Taubes served as co-head of fixed income, US, after joining Pioneer Investments in 1998, and became head of fixed income in 2000. He is a member of the firm's global asset allocation committee, and will continue to manage the US fixed income team. He will also retain his duties as portfolio manager of the Pioneer Bond Fund, Pioneer Strategic Income Fund, and other portfolios.
US - CalPERS appoints board member
Dr. Louis F. Moret has joined the board of the California Public Employees' Retirement System (CalPERS) He is the member appointed by the State Assembly Speaker and Senate Rules Committee and will serve a four year-term. Moret is serving his seventeenth year on the Los Angeles Fire and Police Pension Board - the longest serving appointed member in the history of the retirement system.
UK - SSgA launches diversified growth strategies
State Street Global Advisors (SSgA) is to launch a range of diversified growth strategies which it claims will be the ideal default fund option for defined contribution (DC) pension schemes. The predominantly passively managed strategies will invest across a combination of asset classes, including equities, property, high-yield bonds, commodities and infrastructure. They will also be the first multi-asset strategy to include exposure to synthetic hedge funds through allocations to SSgA's hedge fund replication strategy.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.