Latest News

Norway sovereign wealth fund questions voting rights proposal at Hong Kong Stock Exchange

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Norway's sovereign wealth fund has expressed concerns over proposed voting rights for listing companies on the Hong Kong Stock Exchange's new board.
New Mexico Land Grant Permanent Fund posts 12.9% return

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New Mexico State Investment Council's return for its Land Grant Permanent Fund was a net 12.9% for the fiscal year ended June 30.
EBSA seeks nominations for ERISA Advisory Council

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The Secretary of Labor's ERISA advisory council has five openings.
Jack Ma-backed Yunfeng to buy MassMutual Asia in deal giving MassMutual 25% stake in Yunfeng

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Yunfeng Financial Group will lead a group of Asian investors in acquiring Massachusetts Mutual Life Insurance Co.'s Hong Kong-based MassMutual Asia Ltd.

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Chris Hogg was named CEO of the National Grid U.K. Pension Scheme.
Prudential said to plot its escape from SIFI designation

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Prudential Financial is laying the groundwork to escape the government's label that it's too big to fail.

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Claus Jorgensen was named head of investments at the 105 billion Danish kroner ($16.6 billion) PenSam.
Blackstone to acquire Harvest Fund Advisors

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Blackstone Group is buying energy money management firm Harvest Fund Advisors as an addition to its GSO business.
Judge rules in favor of plaintiffs in Tibble-Edison case on retail-priced investments

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A U.S. District Court judge in Los Angeles has ruled for plaintiffs in the long-standing Tibble vs. Edison case.
Trump infrastructure council sued over transparency

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A White House infrastructure advisory council is being sued over transparency by the non-profit group Food & Water Watch.
Pension funds sue 6 investment banks over securities lending market collusion

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Pension funds sued investment banks over colluding to overcharge investors and maintain control of the $1.72 trillion stock loan market.

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Joseph Hoffman was named CEO of the currency management business at Mesirow Financial.
Michigan State endowment charges to 15.4% return, surpasses benchmark

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MSU endowment returns preliminary 15.4% in fiscal year.
Ann Arbor pension plan gains 11.8% in fiscal year

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The $490 million Ann Arbor (Mich.) City Employees' Retirement System reported a 11.8% net return for the fiscal year ended June 30.
Penn State's endowment posts 12.6% fiscal-year return

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Pennsylvania State University's endowment returned a net 12.6% for its fiscal year ended June 30.