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...Separately, Pinsent Masons’ David Lancaster has joined the firm as an intellectual property litigation partner in London....
...Mark’s pension contributions, of around £44,000, were refunded to Claire, while around £165,000 of the fund was returned to the employer....
...Morgan Lewis & Bockius O: 5; L: 6; I: 8; Total: 19 The firm devised a financing structure for Chinese state-owned financial investment fund Silk Road Fund, as part of an international investor consortium...
...UC invested its money into Breit, the fund built for “retail” investors, instead of Blackstone Property Partners, or BPP — perpetual funds Blackstone designed for institutions such as pensions and endowments...
...Ian Silk is stepping down as chief executive of AustralianSuper, Australia’s largest pension fund. He will be replaced by head of risk Paul Schroder, according to Reuters....
...Many of the biggest investors are focusing more on sustainable investing, including Japan’s $1.5tn Government Pension Investment Fund....
...Asset management’s past fallen stars include Legg Mason’s Bill Miller, Fidelity’s Anthony Bolton and Pimco’s Bill Gross....
...These days the head of Trian Fund Management may be a prime agitator for multibillion-dollar deals — such as Franklin Templeton’s $6.5bn acquisition of rival Legg Mason this week — but he was relatively...
...Warren’s Stop Wall Street Looting Act implies she’s not totally convinced private equity’s main purpose is to bolster pension funds and make industry more efficient....
...Mr Clifford joins from EnTrustPermal, an alternative investment business owned by Legg Mason, the US fund house....
...• Stephen Wilcox has joined the UK’s Pension Protection Fund as chief risk officer....
...For this reason, building a pension fund for your children could appeal....
...Pinsent Masons, a law firm, has hired James Harris as an energy and infrastructure project finance partner. He joins from Jones Day....
...Funds focused on income stocks fared the worst, including Legg Mason Clearbridge US Equity Income, losing 8.7 per cent over the three months to March 2018 and Standard Life American Equity Unconstrained,...
...(FT) News Round-up Goldman Sachs agrees sale, leaseback of London HQ with Korea Pension Fund (FT) Deal-hungry investment bankers walk Tesla tightrope (Reuters) Linde-Praxair try to save $83 billion merger...
...Typically, shares in the listed funds are held by pension funds, private individuals and other investors who would cost “tens of billions” to compensate, Mr Scouller said....
...Mr Miller ran the Legg Mason Value Trust, which outperformed the S&P 500 for 15 consecutive years before his run of success came to an abrupt end in 2005....
...Lazard holds shares in US companies such as Norfolk Southern, and Italian company Atlantia, while Legg Mason’s fund has stakes in Sempra Energy and American Tower Corp....
...“Just from an optical standpoint, it’s harder and harder for pension fund trustees to justify paying the ‘2 and 20’ fee structure....
...However, the acquisition of a 75 per cent stake in the £1bn St James Centre regeneration project in Edinburgh by Dutch pension fund APG will boost investment volumes in the fourth quarter....
...Pension funds and other institutional investors have committed the rest of Medicxi’s capital — about 80 per cent of which is to be deployed in Europe....
...• Ontario Teachers, the $154bn Canadian pension plan, has appointed Bjarne Graven Larsen as chief investment officer....
...Andy O’Regan recently moved to The Pensions Trust, the £6bn workplace pension fund provider, as executive scheme manager from KPMG....
...Mr Botts joins from American Funds, part of Capital Group. David Barron has moved to Legal & General Investment Management America as a senior portfolio manager, from Northern Trust....
...Another example is Legg Mason Value Trust (now known as ClearBridge Value Trust), whose manager Bill Miller beat the S&P 500 index 15 years in a row up to 2005....
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