The latest joint Professional Pensions / Global Pensions debate on transition management looked at the evolution of the transition management industry through the global financial crisis.
The online debate was chaired by Global Pensions editor Raquel Pichardo-Allison and included ConvergEx Group managing director Sam Lundqvist, Citi Group head of US transition management sales Sarah Kirschbaum,...
Listen to our latest Pensions Conjecture debate on Transition Management.
US - Laurence Fink, chairman and chief executive of BlackRock, said billions of assets could flow into perpetual preferred shares issued by European banks looking to recapitalise as they face more stringent capital requirements.
UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.
UK - UK pension funds are showing early signs of re-risking, according to panel members at a JP Morgan Transition Management (TM) press briefing in London yesterday.
State Street has been forced to reimburse a client for a transition management trade after an internal investigation found the client had been double charged on fees.