Northern Trust Hires Ex-Mercer Exec, Behavioral Finance Expert
Northern Trust Asset Management has hired former Mercer and World Bank executives to help build out its retirement solutions business.
New Hire Roundup: Mercer Adds Execs
Also, Doug Dachille joined AIG as chief investment officer, while Kent Weaver returned to Glenmede, and J. Keith Morgan joined TIAA-CREF.
Global Alternative Assets Jumped to $6.3 Trillion in 2014
The world’s 100 largest alternative investment managers had $3.5 trillion in assets under management in 2014.
Managed Accounts Are Underutilized as Retirement Plan Defaults: Towers Watson
Managed accounts are allowed as a qualified default investment alternative in retirement plans, but they face significant challenges preventing them from overtaking target-date funds.
Time to Jog: John Hancock Offers Discount for Good Behavior
John Hancock Life Insurance will discount premiums for policy holders who track and perform well on metrics like flu shots and daily exercise.
New Hire Roundup: Marc Seidner Joins PIMCO as Managing Director
Also, BlackRock has named Chip Castille chief retirement strategist, a new position.
Does the World Have Too Many Active Managers?
Only a “small subset of the active managers and the hedge funds are useful to society,” Towers Watson's new think tank says.
Financial Planning and Hiking on Half Dome
Reflections on a challenging Yosemite hike.
Rob Arnott Blasts ‘Smart Beta’ Imitators
Research Affiliates founder Rob Arnott jumps into the fray on the true meaning of smart beta, a term he views as "overused" and "ill-defined."
Smaller Asset Management Firms Can Have Big Brands
Just ask PIMCO: smaller firms that “punch above their weight” can leverage their brand better than larger firms that have lost momentum, consultancy Landor says.