Economy

Fed raises rates once more, projects 2 more hikes in 2018

ECONOMY

ECONOMY

The Federal Open Market Committee raised the federal funds rate 25 basis points to a range of 1.75% to 2% as expected.
BofA: Managers reallocating to U.S. equities, but worried about leverage

MONEY MANAGEMENT

MONEY MANAGEMENT

Money managers are returning to U.S. equities in June, while cash levels continued to decline and trade wars continue to be the top concern.
Senate Banking Committee approves Federal Reserve nominations

Washington

Washington

The Senate Banking Committee advanced the nominations of Richard Clarida and Michelle Bowman to serve on the Federal Reserve Board of Governors.
Supreme Court shortens timeline for follow-up class-action lawsuits

COURTS

COURTS

The Supreme Court reduced the options investors have for filing repeated class-action lawsuits once an initial statute of limitations is reached.
Commentary: A new era for the Korean peninsula?

Industry Voice

Industry Voice

For North Korea, this time it's different — and South Korea will be the big economic winner.
Millennials pose hiring challenge

Recruiting

Recruiting

Millennial hiring requires money managers and pension funds to change their office culture and also bring their Gen X managers on board.
Investors watching a new Malaysia with interest
Markets have reacted cautiously to Malaysia's first change of government in 60 years, but many observers see long-term promise.
Italy perceived as trouble — but not by all
Money managers are watching the political drama in Italy, with some seeing investment opportunity.
European plans warming up to derivatives strategies

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

DC plan executives in Europe are putting greater emphasis on derivatives to help protect returns.
Ant Financial raises $14 billion from overseas and domestic investors

Markets

Markets

Ant Financial raised $14 billion from overseas heavyweights such as GIC, CPPIB, Carlyle and Warburg Pincus with plans to accelerate its strategy.
Small hedge funds best larger peers, still lag public markets
Hedge funds with assets under management less than $250 million returned 91 basis points year-to-date through May, while funds with more than $1 billion in AUM added 25 basis points.
Individual retirement plans not enough, experts say

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

Individual savings programs are not enough to ensure a strong workplace DC system in Europe, experts say.
Top hedge funds at full capacity keeps $548 billion APG away

INVESTING/PORTFOLIO STRATEGIES

INVESTING/PORTFOLIO STRATEGIES

The head of asset management at APG Group is having problems finding enough top managers to give money to.
Business Roundtable advocates companies abandon short-term profits for long-term investments

GOVERNANCE

GOVERNANCE

The Business Roundtable pushes public companies to adopt strategies that favor long-term growth over short-term profits.
Funds, managers give big thumbs-up to trading fee rebate pilot study

REGULATION

REGULATION

Pension funds, money managers show strong support for SEC's proposed maker-taker pilot.