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How President Obama changed investing forever

How President Obama changed investing forever

For the first time, people seem to understand what the experts and better-informed investors have been trying to explain — that high fees and conflicts of interest are dangerous for anyone...

January 18, 2017 | 08:27 am

Ramius names interim leader after departure of CEO

Fred S. Fraenkel was named interim head of asset management at hedge fund manager Ramius.

January 18, 2017 | 11:22 am
GSAM's assets up 2% in quarter; firm reports $48 billion in net inflows

GSAM's assets up 2% in quarter; firm reports $48 billion in net inflows

Goldman Sachs reported $1.379 trillion in assets under supervision for its Goldman Sachs Asset Management and wealth management businesses as of Dec. 31, up 2% from three months earlier and up 10%...

January 18, 2017 | 11:14 am

Kuwaiti sovereign wealth fund may pull billions from external managers

Kuwait Investment Authority is planning to manage more of its own assets as the world's fifth-largest sovereign wealth fund seeks to take more risk to boost returns.

January 18, 2017 | 10:15 am
CalPERS looking at expanding public asset classes as it kicks off yearlong allocation review

CalPERS looking at expanding public asset classes as it kicks off yearlong allocation review

The CalPERS board started a yearlong review of its $305.5 billion portfolio on Tuesday, exploring whether its four current public asset classes — equities, fixed income, inflation and liquidity ...

January 17, 2017 | 04:17 pm
TorreyCove managers buying back Mitsubishi stake

TorreyCove managers buying back Mitsubishi stake

Four members of TorreyCove Capital Partners' senior managemen team are buying the 80% stake in the private equity consulting firm owned by Mitsubishi Corp.

January 17, 2017 | 06:36 pm

Health savings accounts front and center amid Obamacare repeal efforts

With Republicans in Congress moving aggressively toward replacing all or major parts of Obamacare, health savings accounts are expected to become a centerpiece of managing health care-related...

January 17, 2017 | 05:04 pm
SEC settles with 10 public fund money managers over pay-to-play violations

SEC settles with 10 public fund money managers over pay-to-play violations

Ten investment advisory firms will each pay penalties of $35,000 to $100,000 to settle charges that their compensation from public pension funds violated pay-to-play rules, the Securities and...

January 17, 2017 | 04:10 pm
BofA: Managers still holding cash despite rising optimism on global growth

BofA: Managers still holding cash despite rising optimism on global growth

Money managers remain optimistic on global growth and inflation but are hesitant to cut their cash holdings, according to Bank of America Merrill Lynch's monthly fund manager survey released on...

January 17, 2017 | 12:25 pm

Public pension funds lower fees, improve funding ratios in 2016 — report

The funded status of public pension plans continues to rise in aggregate, while plan expenses continue to fall, said a study released Tuesday by the National Conference on Public Employee Retirement...

January 17, 2017 | 04:20 pm
Banks rejected by Supreme Court, lose bid to derail LIBOR suits

Banks rejected by Supreme Court, lose bid to derail LIBOR suits

The U.S. Supreme Court turned away an appeal by Bank of America, Citigroup and J.P. Morgan Chase, refusing to stop antitrust lawsuits that accuse some of the world's largest banks of conspiring to...

January 17, 2017 | 03:00 pm
Knoxville pension plan lowers assumed rate of return

Knoxville pension plan lowers assumed rate of return

Knoxville (Tenn.) City Employees Pension Fund lowered its assumed rate of return to 7.25% from 7.375% as the result of an experience study.

January 17, 2017 | 02:52 pm

New York Life appoints new CIO

Tony Malloy was named chief investment officer at New York Life.

January 17, 2017 | 01:43 pm
Dallas mayor withdraws injunction request on DROP withdrawals at police, fire pension plan

Dallas mayor withdraws injunction request on DROP withdrawals at police, fire pension plan

Dallas Mayor Mike Rawlings withdrew his request for a temporary injunction hearing to block withdrawals from Dallas Police & Fire Pension System’s deferred retirement option plan.

January 17, 2017 | 01:28 pm
SkyBridge Capital sells majority stake to HNA Capital (U.S.), RON Transatlantic

SkyBridge Capital sells majority stake to HNA Capital (U.S.), RON Transatlantic

RON Transatlantic EG and HNA Capital (U.S.) Holding will acquire a majority stake in hedge funds-of-funds manager SkyBridge Capital II.

January 17, 2017 | 01:20 pm