Latest News

Investor group announces climate change initiative

Governance -

Governance -

An investor group representing more than $26.3 trillion in assets under management is pledging to engage the top contributors to global greenhouse gas emissions.
SSGA acquires minority stake in fintech firm PensionBee

Money Management -

Money Management -

State Street Global Advisors has taken a minority stake in retirement fintech firm PensionBee.
Loan programs seen as viable answer to multiemployer woes

WASHINGTON -

WASHINGTON -

The imminent insolvency of 100 or more multiemployer pension funds is getting attention in Washington, where ideas for a new loan program are forming.
Merchant Navy Officers Pension Funds enters into pension buy-in with L&G

Pension Funds -

Pension Funds -

Merchant Navy Officers Pension Fund insured £490 million ($656 million) in pension liabilities through a buy-in with Legal & General
FS Investments parts ways with Blackstone, announces new partnership with KKR

ALTERNATIVES -

ALTERNATIVES -

FS Investments takes the first steps that will lead to liquidity events for investors and the creation of a giant, $18 billion listed company.
Fujitsu settles lawsuit alleging ERISA violations for $14 million

Courts -

Courts -

Fujitsu has settled for $14 million a class-action lawsuit alleging a 401(k) plan violated its ERISA duties by paying high fees for investment options.
CalPERS staff wants minor tweaks to asset allocation to keep 7% rate of return

Pension Funds -

Pension Funds -

CalPERS' investment staff wants to keep the fund's asset allocation similar to its current plan to maintain a 7% return and avoid more contribution increases.
New Ontario manager ready to add staff for business push

Money Management -

Money Management -

Investment Management Corp. of Ontario expects to boost assets to C$100 billion ($78 billion) and triple its staff within five years.
NZ Super CEO will leave in March to become New Zealand central bank governor

SOVEREIGN WEALTH FUNDS -

SOVEREIGN WEALTH FUNDS -

Adrian Orr will return to Reserve Bank of New Zealand after a decade as CEO of NZ Super.
EIOPA urges closer monitoring of conflicts of interest between insurers, managers

Regulation -

Regulation -

The European Insurance and Occupational Pensions Authority wants regulators to keep a closer eye on insurers hiring managers for pooled products.

Money Management -

Money Management -

David Cumming was named chief investments officer, equities, at Aviva Investors..
Shadow of MiFID II is falling on FX trading transparency

Trading -

Trading -

Regulations for other securities are spurring the spot FX market to accelerate trading transparency.
Bitcoin futures debut with 26% rally, trigger Cboe trading halts

TRADING -

TRADING -

Futures on the world's most popular cryptocurrency surged as much as 26% in their debut session on Cboe Global Markets' exchange.
Cryptocurrency concerns keeping investors at bay
Cryptocurrency investment is not ready for prime time institutional investment, at least for now.
Markets on track for December jump
Money managers are expecting a Santa Claus rally this month, on top of an already good year. But there are hints the Grinch may be hanging around.