| UBS Global Asset Management US Pension Fund Fitness Tracker Finds ...
CHICAGO--(BUSINESS WIRE)--UBS Global Asset Management today announced that its US Pension Fund Fitness Tracker, a quarterly estimate of the overall health of a typical US defined benefit pension plan, finds that pension plan funding ratios went on a wild ride, caused by volatility in both equity markets and interest rates. The typical pension fund started 2007 with a funding ratio of approximately 103% and ended the quarter at a slightly improved funding ratio of approximately 105%. "While the overall numbers were positive, the first quarter of 2007 points out an area of concern for pension managers: namely, significant funding ratio volatility due to interest rate swings, and plans' over-reliance on equity market risk," said Aaron Meder, UBS Global Asset Management's Head of Asset Liability Investment Solutions in the Americas.
AMCORE Investment Group Hires New Executive Vice President
ROCKFORD, Ill., April 2 /PRNewswire-FirstCall/ -- AMCORE Investment Group, N.A. is pleased to announce Russell Campbell has joined the company as executive vice president. Campbell will direct all aspects of the trust, investment management and private banking businesses. AMCORE Investment Group is a subsidiary of AMCORE Financial Inc. Campbell brings more than 25 years of investment industry and leadership experience to AMCORE. He most recently held the position of President and CEO at ABN AMRO Asset Management Holdings Inc., the investment management affiliate of LaSalle Bank N.A., Chicago. "We are excited .
Citadel Appoints Matt Wilson as Sales and Marketing Chief for ...
CHICAGO--(BUSINESS WIRE)--Citadel Investment Group, L.L.C., the global alternative investment institution, today announced the appointment of Matt Wilson as Head of Sales and Marketing for Citadel Solutions and Citadel Alternative Asset Management. Citadel Solutions is Citadel's recently launched alternative investment management administrative services platform, and Citadel Alternative Asset Management is Citadel's fund of hedge funds platform. In this role, Mr. Wilson will work closely with John Buckley and Jon Venetos, the Presidents of Citadel Solutions and Citadel Alternative Asset Management, respectively, in the build out of these businesses. Mr. Wilson joins Citadel from Bank of America where he most recently served as Global Head of Prime Brokerage Sales. Before joining Bank of America, Mr.
|
