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U.S., Canadian assets rise 2.5% in fiscal year, NACUBO-Commonfund study finds

U.S. and Canadian college and university endowment assets totaled $529 billion for the fiscal year ended June 30, up 2.5% from a year earlier, results of the NACUBO-Commonfund Study of Endowments...

February 08, 2016
Manager recruiting heating up despite dip in bonus payouts

Manager recruiting heating up despite dip in bonus payouts

Volatile markets and squeezed profitability within the money management industry likely drew down the compensation pool for senior executives at the end of 2015, according to consultants and...

February 08, 2016
Redemptions, poor markets work against Franklin

Redemptions, poor markets work against Franklin

Investors withdrew close to $50 billion in the past six months from the funds and strategies of money management firm Franklin Resources Inc.

February 08, 2016
Gaming systems coming to a custodian near you

Gaming systems coming to a custodian near you

Developers are visualizing a brave new world in custody that would apply high-tech gaming techniques like voice activation, hands-free data entry and movement recognition to deliver asset servicing...

February 08, 2016
Venture capital investments could be victim of own success

Venture capital investments could be victim of own success

Venture capital has, for many endowments, been the best performing asset class in recent years.

February 08, 2016
Courts to consider New Jersey pension cases

Courts to consider New Jersey pension cases

Public employee unions in New Jersey — thwarted by Gov. Chris Christie's actions and rebuffed by several state court rulings — are asking the U.S. Supreme Court and the New Jersey Supreme ...

February 08, 2016
SEC proposal could alter use of mutual funds in DC plans

SEC proposal could alter use of mutual funds in DC plans

Proposed SEC regulations that would require mutual funds to have a minimum cash cushion and liquidity risk management programs in place could have a broad impact on retirement plans, sources said.

February 08, 2016
Money managers ponder repercussions of potential 'Brexit'

Money managers ponder repercussions of potential 'Brexit'

As politicians search for a resolution over the U.K.'s future membership in the European Union, the reality of what a so-called Brexit could mean for money managers operating across the globe is...

February 08, 2016
Poor markets, investor uncertainty hitting firms' stocks

Poor markets, investor uncertainty hitting firms' stocks

As a group, publicly traded money manager stocks have fallen around 25% since they peaked nearly 10 months ago.

February 08, 2016

Texas takes hybrid path to internally run hedge fund

Texas Permanent School Fund's investment department has the go-ahead to manage its first portfolio of hedge funds internally, and the hybrid structure of the new fund means fund operations will be...

February 08, 2016
California Secure Choice report recommends target-date funds or pooled IRAs

California Secure Choice report recommends target-date funds or pooled IRAs

The California Secure Choice Retirement Savings Investment Board received a final report with recommendations on designing a mandated payroll deduction IRA program for employers with five or more...

February 05, 2016 | 04:21 pm
Technology shares plunge in U.S. as patience for valuations ebbs

Technology shares plunge in U.S. as patience for valuations ebbs

The willingness of U.S. stock investors to abide price-earnings ratios stretching into three and four digits all but ended Friday as the Nasdaq Composite index fell to its lowest since October 2014.

February 05, 2016 | 04:23 pm
Pension funding ratios continue free fall in January — report

Pension funding ratios continue free fall in January — report

The funded status of the typical U.S. corporate pension plan fell 3.8 percentage points in January to 79.7%, marking the third consecutive month of funded status decreases, said the BNY Mellon...

February 05, 2016 | 03:52 pm

Pacific Current Group takes stake in Aperio Group

Pacific Current Group announced it has entered into an agreement to acquire a minority equity interest in investment management firm Aperio Group, said Paul Greenwood, PCG’s chief investment...

February 05, 2016 | 03:58 pm
DuPont to contribute $230 million to U.S. pension plan

DuPont to contribute $230 million to U.S. pension plan

E.I. du Pont de Nemours & Co., Wilmington, Del., plans to contribute $230 million to its principal U.S. pension plan in 2016, the company announced in its 10-K filing Thursday.

February 05, 2016 | 03:46 pm