Latest News

Willis Group and Towers Watson to merge

Willis Group and Towers Watson to merge

Willis Group Holdings PLC, the world's third-largest insurance broker, and Towers Watson & Co., the world's fifth-largest investment consultant by assets under advisement, announced on Tuesday they...

June 30, 2015 | 09:16 am
GE Capital to sell European private equity financing business to Sumitomo Mitsui

GE Capital to sell European private equity financing business to Sumitomo Mitsui

GE Capital is selling its European sponsor finance business to Sumitomo Mitsui Banking Corp. Europe, a subsidiary of Sumitomo Mitsui Banking, for $2.2 billion.

June 30, 2015 | 04:12 pm

CarVal Investors closes third credit fund at $3 billion

CarVal Investors closed its third credit fund, the $3 billion CVI Credit Value Fund III.

June 30, 2015 | 04:10 pm

United Church of Christ to divest from companies profiting from Israeli occupation

United Church of Christ on Tuesday adopted a resolution calling for divestment from companies that profit from the Israeli occupation of the West Bank and Gaza, a measure that would affect the $3.3...

June 30, 2015 | 04:02 pm

FASB to address net pension costs on income statements

The Financial Accounting Standards Board will develop guidance on how companies present the net periodic cost of pensions and other postretirement benefits on their income statements.

June 30, 2015 | 03:53 pm
Sun Life to acquire Prime Advisors in its second LDI manager deal this year

Sun Life to acquire Prime Advisors in its second LDI manager deal this year

Sun Life Financial on Tuesday announced it has agreed to buy LDI money manager Prime Advisors in a cash deal.

June 30, 2015 | 02:37 pm

Standard Life Investments appoints North America senior investment specialist

Thomas J. Coleman joined Standard Life Investments as North America senior investment specialist.

June 30, 2015 | 02:35 pm

Ontario Teachers acquiring oil and gas royalty business for C$3.3 billion

Ontario Teachers’ Pension Plan, Toronto, on Tuesday announced it has agreed to acquire Heritage Royalty LP from Cenovus Energy for C$3.3 billion ($2.67 billion) in cash.

June 30, 2015 | 01:28 pm

403(b) plan costs declining — report

Average asset-weighted total plan costs for 403(b) plans dropped to 51 basis points in 2012, down from 59 basis points in 2009, said a report released Tuesday by the Investment Company Institute and...

June 30, 2015 | 10:03 am
Fidelity Investments DCIO executive dies at age 54

Fidelity Investments DCIO executive dies at age 54

Frederick Charles Conley, senior vice president of institutional DCIO sales at Fidelity Financial Advisor Solutions, died June 26. He was 54.

June 30, 2015 | 10:42 am

LaSalle’s Asia-Pacific co-CEO retires

Philip Ling retired Tuesday as LaSalle Investment Management's co-CEO, Asia-Pacific.

June 30, 2015 | 06:15 am
Company stock still a corporate DC staple

Company stock still a corporate DC staple

Company stock has played the most prominent role in the investment menus of the largest corporate defined contribution plans, although DC consultants predict employer stock's influence will decline.

June 29, 2015
KKR pays nearly $29 million to settle charges with SEC over broken deal fees

KKR pays nearly $29 million to settle charges with SEC over broken deal fees

KKR has settled SEC charges that the alternatives investment firm had from 2006 to 2011 charged investors in its private equity funds for deals it pursued but did not consummate, the SEC order issued ...

June 29, 2015 | 04:25 pm

PwC: Alternative assets could nearly double by 2020

Alternative assets could grow to between $13.6 trillion and $15.3 trillion by 2020 from $7.9 trillion in 2013, a PricewaterhouseCoopers report released Monday predicts.

June 29, 2015 | 03:37 pm
Supreme Court declines 'reverse stock-drop' case

Supreme Court declines 'reverse stock-drop' case

The Supreme Court on Monday declined to review a “reverse stock-drop” case brought by fiduciaries of the R.J. Reynolds Tobacco Co. 401(k) plan hoping to undo a lower court ruling that...

June 29, 2015 | 02:50 pm