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  • February 18, 2018
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    Connecticut Could Be Next State To Divest From Sudan

    March 3, 2006

    Connecticut Treasurer Denise Nappier has proposed the divestment of pension fund assets from Sudan investments. Nappier, who oversees the state&#39s $22 billion pension fund, recently called for legislation that would specifically authorize the divestment of state pension funds from businesses with financial interests in Sudan. Nappier was joined in the call for legislation by Senate Majority Leader Martin Looney. “The State of Connecticut should not condone, or even appear to condone, genocide in our investment policies,” Nappier said in a statement.

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    CalPERS Seeks Consultants To Develop Diversity Programs

    February 1, 2006

    The California Public Employees&#39 Retirement System is seeking consultants to help develop strategies and programs for investments in emerging domestic markets and emerging managers.

    The consultants will help the plan, with more than $200 billion in assets, “lay the groundwork for an investment approach that takes advantage of all talent, skills, and ideas in the market,” according to a statement from CalPERS. The plan will establish a pool of diversity investment consultants to make recommendations about strategies and programs on an as-needed basis as early as April 2006. The RFP is due Feb. 22.

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    Maryland CIO Resigns

    February 1, 2006

    Steve Huber, cio of the $33 billion State Retirement and Pension System of Maryland, has resigned from his position, effective this month. Huber said he will pursue other career opportunities, said Anne Budowski, spokeswoman for the plan. Huber&#39s position at the plan had changed to more of administrative role because of the plan&#39s move to outside money managers, Budowski said.

    Huber joined the plan in November 2003 from Aeltus Investment Management, where he served as director of fixed-income. He also spent 15 years in various positions ING and Aetna.

    The plan was scheduled to discuss replacing Huber at its Jan. 17 board meeting, however talks have been put off until this month.

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    Milwaukee Employees Names New Executive Director

    February 1, 2006

    The $4.4 billion Milwaukee Employees Retirement System named Michael Dolsen as its new executive director. He replaces Anne Bahr, who retired in 2005 after seven years as executive director and 34 years as a city employee. Dolsen was previously retirement director for 15 years at Brunswick Corporation until 2003. Dolsen said he does not anticipate any changes to the investment structure of the plan. Milwaukee Employees

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    Names New Executive Director

    February 1, 2006

    The $4.4 billion Milwaukee Employees Retirement System named Michael Dolsen as its new executive director. He replaces Anne Bahr, who retired in 2005 after seven years as executive director and 34 years as a city employee. Dolsen was previously retirement director for 15 years at Brunswick Corporation until 2003. Dolsen said he does not anticipate any changes to the investment structure of the plan. Milwaukee Employees

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    Names New Executive Director

    February 1, 2006

    The $4.4 billion Milwaukee Employees Retirement System named Michael Dolsen as its new executive director. He replaces Anne Bahr, who retired in 2005 after seven years as executive director and 34 years as a city employee. Dolsen was previously retirement director for 15 years at Brunswick Corporation until 2003. Dolsen said he does not anticipate any changes to the investment structure of the plan. Milwaukee Employees

    Industry News