Latest News

China moves to rein in risks from asset management products

MARKETS -

MARKETS -

China's financial regulators proposed sweeping rules to curb risks in the country's $15 trillion of asset management products.
Commentary: Live to fight another day

INDUSTRY VOICES -

INDUSTRY VOICES -

Now is the time for investors to broaden their opportunity set and actively select securities with an eye toward prudent risk management.
Wilbur Ross sued by firm's ex-managing directors over fees

Courts -

Courts -

U.S. Commerce Secretary Wilbur Ross and the company he founded, WL Ross & Co., were sued by three former managing directors.
HSAs next cash cow for 401(k) plan advisers, expert says

LEGISLATION -

LEGISLATION -

Financial advisers who work with 401(k) accounts should offer employers the same range of investment choices for HSAs, says a conference speaker.
Fewer U.K. investors seeing bonds as overvalued, survey shows

INVESTING -

INVESTING -

The proportion of investors believing corporate bonds are overvalued has dropped for the first time in 18 months, according to CFA U.K.'s latest quarterly valuations index.

Real Estate -

Real Estate -

Michael Levy was named CEO at real estate developer and manager Crow Holdings, replacing Harlan Crow.
PBGC single-employer, multiemployer deficits moving in opposite directions

Pension Funds -

Pension Funds -

The PBGC's single-employer insurance program's deficit improved in fiscal year 2017, while the multiemployer program's deficit worsened.
Commentary: Have endowments lost their mojo?

INDUSTRY VOICES -

INDUSTRY VOICES -

Endowments in search of alpha would do well to consider adding ETFs to their investment portfolios.
Congressional Democrats introduce multiemployer loan program bill

Legislation -

Legislation -

House and Senate Democrats launched an ambitious idea Thursday to help struggling multiemployer pension funds.
Onex Partners V closes at $7.15 billion

Private Equity -

Private Equity -

Onex Corp. closed Onex Partners V at $7.15 billion, exceeding its $6.5 billion fundraising target.

FOUNDATIONS AND ENDOWMENTS -

FOUNDATIONS AND ENDOWMENTS -

Brian H. Pellegrino was named chief investment officer for the Georgia Tech Foundation.
P&G recount shows Nelson Peltz with slight lead for board seat

Governance -

Governance -

A recount of Procter & Gamble Co.'s board of director votes shows Nelson Peltz has a slight lead over incumbent director Ernesto Zedillo.
LIMRA: Corporate pension buyouts reach highest third-quarter total since 1980s

Risk Management -

Risk Management -

U.S. corporate pension plan buyouts reached $6.38 billion in the quarter ended Sept. 30, up 7.4% from the same quarter in 2016.
Neuberger Berman's Shanghai-based affiliate obtains private fund license for China

Money Management -

Money Management -

Neuberger Berman announced its affiliate has secured registration as a private fund manager with the Asset Management Association of China.

HEDGE FUNDS -

HEDGE FUNDS -

Andrew Parmentier has joined hedge fund firm Highland Capital Management as a partner and chief strategy officer.