Latest News

J.P. Morgan becomes sixth financial company proxy-target to disclose gender pay

GOVERNANCE -

GOVERNANCE -

Arjuna Capital withdrew a shareholder proposal at J.P. Morgan Chase after the company agreed to disclose its efforts to address pay inequity.
Employer organization explores risk-sharing options for USS

Pension Funds -

Pension Funds -

Universities U.K., the representative organization for Universities Superannuation Scheme employers, is exploring risk-sharing options.
Pfizer makes $500 million contribution to U.S. pension plans

CONTRIBUTIONS -

CONTRIBUTIONS -

Pfizer made a $500 million contribution to its U.S. pension plans and expects to contribute $226 million to its international plans.
Judge rules NYU excessive-fee case can go to trial

COURTS -

COURTS -

A judge denied a petition by New York University for summary judgment against complaints that two university 403(b) plans violated ERISA provisions.
SEC Chairman Jay Clayton outlines goals for a new fiduciary standard

REGULATION -

REGULATION -

An SEC fiduciary rule should provide investors clarity about the role of their adviser, enhanced protection and offer regulatory coordination, Jay Clayton said.
Moody's: CalPERS' shorter amortization period is credit positive for state

MARKETS -

MARKETS -

CalPERS' new policy shortening the amortization schedule is a credit positive for the state of California, Moody's said.
American Electric Power to wire $101 million to pension plans

DEFINED BENEFIT -

DEFINED BENEFIT -

American Electric Power Co. plans to contribute a total of $101 million to its defined benefit plans in 2018.
PIMCO skips Brazil for 'reform play' as pension revamp fails

MARKETS -

MARKETS -

Less than a year after it praised Brazil's financial overhaul agenda, PIMCO is souring on the country after a delayed pension reform vote.
Citadel hires quant team from Hutchin Hill, taps new leader for Aptigon unit

HEDGE FUNDS -

HEDGE FUNDS -

Citadel hires a 10-member quant team from Hutchin Hill Capital, and taps a new chief for Aptigon business.
Los Angeles City Employees picks 3 semifinalists in private equity consultant search

PENSION FUNDS -

PENSION FUNDS -

Los Angeles City Employees' Retirement System has selected three semifinalists in its search for a private equity consultant.
House members appointed to multiemployer panel

WASHINGTON -

WASHINGTON -

House members serving on a congressional committee dealing with struggling multiemployer pension funds were named by House Speaker Paul Ryan.
Abraaj Investment Management founder steps down, replaced by 2 co-CEOs

Private Equity -

Private Equity -

Omar Lodhi and Selcuk Yorgancioglu were named co-CEOs of Abraaj Investment Management, replacing founder Arif Naqvi.
United Continental charts $420 million contribution for pension plans

CONTRIBUTIONS -

CONTRIBUTIONS -

United Continental Holdings plans to contribute at least $420 million to its pension plans in 2018.
EQT closes eighth fund at €10.7 billion

Private Equity -

Private Equity -

EQT closed its eighth private equity fund at €10.7 billion ($13.3 billion).
Milliman: Funded status of largest U.S. public pension plans improves in Q4

PENSION FUNDS -

PENSION FUNDS -

The aggregate funded status of the 100 largest U.S. public pension plans rose to 73.1% as of Dec. 31, up from 71.6% as of Sept. 30.