Latest News

New Hampshire Retirement System lowers assumed rate of return to 7.25%

New Hampshire Retirement System lowers assumed rate of return to 7.25%

New Hampshire Retirement System, Concord, lowered its assumed rate of return to 7.25% from 7.75%, spokesman Marty Karlon said.

May 25, 2016 | 01:54 pm
Citibank to pay $425 million to settle currency benchmark manipulation charges

Citibank to pay $425 million to settle currency benchmark manipulation charges

Citibank will pay a total of $425 million to settle CFTC charges that the bank manipulated three currency-valuation benchmarks.

May 25, 2016 | 03:20 pm

Allianz Global Investors names alternatives head

Deborah Zurkow was promoted to head of alternatives at Allianz Global Investors, spokeswoman Kelly Smith said.

May 25, 2016 | 03:18 pm
House committee approves Puerto Rico restructuring legislation

House committee approves Puerto Rico restructuring legislation

Legislation allowing Puerto Rico to restructure more than $70 billion in bondholder debt was approved by the House Natural Resources Committee on Wednesday by a 29-10 vote.

May 25, 2016 | 03:13 pm
Exxon Mobil shareholders pass proxy-access proposal; climate-reporting bid rejected

Exxon Mobil shareholders pass proxy-access proposal; climate-reporting bid rejected

Exxon Mobil Corp. shareholders voted against a proposal calling for climate-change risk reporting and an independent chairman but did approve a proxy-access proposal, said a webcast of the...

May 25, 2016 | 03:09 pm
Global sovereign wealth fund network picks State Street as research partner

Global sovereign wealth fund network picks State Street as research partner

The global network of sovereign wealth funds has selected State Street Corp. to be one of its official research partners, said a news release.

May 25, 2016 | 01:29 pm

Frontier Advisors appoints consultant to head debt research

Andrew Kemp will join Melbourne-based Frontier Advisors as a consultant with responsibility for leading the investment consulting firm’s debt research.

May 25, 2016 | 11:11 am

Tudor cuts fees on biggest fund to keep investors

Tudor Investment Corp., one of the oldest and most expensive hedge funds, is trimming fees as the finance industry's highest-paid money managers face a growing backlash over their lackluster...

May 24, 2016 | 09:53 am

Troubled Texas REIT defaults on $35 million loan

United Development Funding IV, a troubled Texas real estate investment trust under investigation by the FBI, has defaulted on a $35 million term loan and has suspended its distributions to...

May 24, 2016 | 04:20 pm

Northern Trust hires practice lead for public, Taft-Hartley plans

Bob Parise was named practice lead, public funds and Taft-Hartley plans at Northern Trust Asset Management.

May 24, 2016 | 02:42 pm
Senate rejects fiduciary rule; Obama vows to veto

Senate rejects fiduciary rule; Obama vows to veto

The Senate voted Tuesday to disapprove and nullify the new fiduciary rule released by the Department of Labor, by a vote of 56-41, along party lines.

May 24, 2016 | 05:31 pm
N.Y. comptroller: Low pension fund returns will accelerate contribution levels

N.Y. comptroller: Low pension fund returns will accelerate contribution levels

Weaker than anticipated investment performance might force New York City to make higher than planned contributions to the city's retirement system starting in the 2018 fiscal year, said a report by...

May 24, 2016 | 04:24 pm

Minnesota State Retirement System on lookout for executive director

Minnesota State Retirement System is seeking an executive director for the $22 billion retirement system.

May 24, 2016 | 04:11 pm

MUFG Investor Services brings on global head of client relationship management

McAllister Kirschner was named global head of client relationship management at MUFG Investor Services.

May 24, 2016 | 03:20 pm
Old Mutual's asset management unit attracts possible buyers

Old Mutual's asset management unit attracts possible buyers

Old Mutual PLC said it has been approached by companies interested in buying a stake in its U.S.-based fund management unit.

May 24, 2016 | 02:51 pm