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Citadel alumnus to head quant division

C. James Yeh is returning to his former role as head of Citadel's global quantitative strategies division.

March 28, 2017 | 05:40 pm
Senators ask Mnuchin to review process for too-big-to-fail label

Senators ask Mnuchin to review process for too-big-to-fail label

Key Senate Republicans urged the Trump administration to rethink the process for labeling firms whose failure could threaten the financial system, arguing it has led to substantial regulatory costs.

March 28, 2017 | 03:17 pm
Empower to offer HSAs beginning this summer

Empower to offer HSAs beginning this summer

Empower Retirement announced Tuesday that this summer it would begin providing health savings accounts to participants in plans for which it is record keeper thanks to a partnership with HSA provider ...

March 28, 2017 | 04:02 pm

H.I.G. Capital brings on managing director to head food, agribusiness team

Andrew Freeman has joined H.I.G. Capital's middle-market private equity business as a managing director.

March 28, 2017 | 02:51 pm
Tesco to pay £85 million over misleading trading information

Tesco to pay £85 million over misleading trading information

Institutional and other investors will receive a share of £85 million ($105.3 million) in compensation from Tesco PLC following market abuse by the U.K. retailer.

March 28, 2017 | 02:36 pm
Insurance companies increasing outsourcing activity to alternatives — survey

Insurance companies increasing outsourcing activity to alternatives — survey

Insurance companies are increasingly turning to alternative investments managed by third-party managers to meet challenges in the capital markets environment, said a survey published by the Insurance ...

March 28, 2017 | 01:54 pm
GoPro adopts New York State Common proposal to broaden board diversity

GoPro adopts New York State Common proposal to broaden board diversity

As a result of a shareholder proposal filed by the $186 billion New York State Common Retirement Fund, GoPro Inc. formally agreed to include sexual orientation and gender identity, among other...

March 28, 2017 | 12:23 pm
CalPERS, New York City pension funds urge Humana shareholders to vote for proxy access

CalPERS, New York City pension funds urge Humana shareholders to vote for proxy access

CalPERS and New York City Retirement Systems on Monday urged Humana Inc. shareholders to vote in favor of a proxy access proposal at the company’s April 20 shareholder meeting.

March 28, 2017 | 12:09 pm
Moody’s cuts New Jersey’s credit rating on budget, pension funding concerns

Moody’s cuts New Jersey’s credit rating on budget, pension funding concerns

Moody’s Investors Service cut New Jersey’s general obligation bond rating by one notch due to “the continued negative impact of significant pension underfunding, including growth in ...

March 28, 2017 | 11:31 am
Milwaukee County to study transferring administration of pension fund to state system

Milwaukee County to study transferring administration of pension fund to state system

Milwaukee County will form a work group to study transferring administration of its $1.7 billion pension fund, the Milwaukee County Employees' Retirement System, to the $94.2 billion Wisconsin...

March 27, 2017 | 05:57 pm
Bill Gross, PIMCO settle lawsuit over bonus payment from 2014 departure

Bill Gross, PIMCO settle lawsuit over bonus payment from 2014 departure

William H. Gross and Pacific Investment Management Co. agreed to settle claims Mr. Gross was wrongfully driven out as the firm's chief investment officer by executives seeking financial gain, said a...

March 27, 2017 | 01:02 pm
Genstar Capital closes latest fund, co-investments at nearly $4 billion

Genstar Capital closes latest fund, co-investments at nearly $4 billion

Genstar Capital closed in less than three months its latest middle-market private equity fund, Genstar Capital Partners VIII, at $3.1 billion.

March 27, 2017 | 02:59 pm

Nuveen appoints new CEO

Vijay Advani was named CEO of Nuveen, formerly known as TIAA Global Asset Management.

March 27, 2017 | 02:54 pm

Voya names head of institutional distribution

Charlie Shaffer was named managing director and head of institutional distribution at Voya Investment Management.

March 27, 2017 | 12:04 pm
Supreme Court takes on pension fund-led case on securities fraud over filing omissions

Supreme Court takes on pension fund-led case on securities fraud over filing omissions

The U.S. Supreme Court on Monday said it would hear an appeal of a case filed by the Indiana Public Retirement System, Indianapolis, and five other pension funds that claim a firm in which they...

March 27, 2017 | 02:12 pm