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HMC to increase in-house management

Harvard Management Company, with responsibility for managing the $26 billion Harvard endowment fund, has hired a number of senior investment staff and reorganised its internal structure as it positions itself to bring more asset management in-house.
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Ohio suspends incentive pay for investment staff

The investment department of the $56 billion State Teachers Retirement System of Ohio (STRSOH) will defer the $3.39 million earned in performance-based incentive pay to future fiscal years conditional on certain hurdles, and a compensation study for investment associates will be completed by November.
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Lessons for US investors in Railpen ‘say on pay’ report

A report conducted by the investment division of the ₤15 billion ($24 billion) UK pension fund, Railpen, examines the impact that six years of advisory shareowner votes have had on pay in the UK, leading to some important lessons for contemporaries in the US as they approach a similar regulatory environment and some recent leadership […]
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Big Bond Bust

In his editorial in the latest edition of the FAJ, Richard Ennis calls into question the role of advanced, aggressive fixed-income strategies, questioning the suitability of such techniques in the part of the investor’s portfolio that bears the brunt of providing downside protection.
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DNB approves Shell recovery plan

The 10.6 billion ($15 billion) Shell Pension Fund’s recovery plan has been approved by De Nederlandsche Bank and includes a provision to increase employer contributions to 32 per cent, up from 5 per cent last year, on the back of a whopping -43.3 per cent return for 2008.
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