Pensions
US Defined Contribution Plans Need to Cover More Workers, Says TIAA
The study also suggested that workers should be required to join 401(k)s and other retirement programs.
Tag: TIAA
Newsmakers
Nuveen Names Saira Malik as Head of Equities, Fixed Income
The investment professional was already serving as the firm's CIO.
Pensions
Former TIAA Trader Sentenced to Nearly 6 Years for $47 Million Insider Trading Scheme
Lawrence Billimek allegedly profited from information regarding behemoth’s impending stock purchases and sales.
Research
Private Equity, Venture Capital Outpace Public Equities in 2022 Higher Education Endowments
Despite negative investment performance and a drop in asset values in 2022, endowments provided $25.85 billion in financial support in fiscal 2022, a NACUBO-TIAA study found.
Manager Selection
Guardian Life Hires TIAA’s Nicholas Liolis as New CIO
To replace Liolis at TIAA, fixed-income head Emily Wiener promoted to CIO to oversee nearly $300 billion portfolio.
Manager Selection
Nuveen Hires Head of Energy Infrastructure Credit
New role for Don Dimitrievich includes financing reduced carbon-emission capabilities.
Risk
TIAA/Nuveen Accused of Greenwashing, Violating UN Climate Pledges
Complaint alleges Principles for Responsible Investment signatory owns at least $78 billion in fossil-fuel investments.
House Passes Securing a Strong Retirement Act
Bill would require 401(k) and 403(b) plans to automatically enroll eligible participants.
Regulation
Supreme Court to Hear ERISA Excessive Fee Case
The lawsuit seeks to define what ‘care, skill, prudence, and diligence’ really mean for fiduciaries.
Alternatives
Our Expert Panel Will Explore Investing in Alts on Tuesday
FedEx’s Jeff Lewis, Conning’s Richard Sega, and CAIA’s John Bowman will cover the popular asset class in next week’s CIO webinar.
Alternatives
Alts Grow Bigger and Bigger in Institutional Portfolios
Some 86% now invest in alternatives, says Nuveen survey.
Asset Management Culture
TIAA Taps Thasunda Brown Duckett as CEO
She will become the first woman to helm the $1.3 trillion financial services giant.
Coronavirus - COVID-19
Endowments Weather Pandemic Better Than in Great Recession
Larger endowments outperform smaller ones due to less US equity exposure.
NACUBO Taps TIAA for Annual Endowment Study
Previous sponsor to provide complementary research.
Paul G. Cellupica Rejoins SEC’s Division of Investment Management
New appointee previously served the Council between 1996 and 2004.