Latest News

SEC rejects Chicago Stock Exchange sale to Chinese investors

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Regulation -

The SEC on Thursday rejected the proposed sale of the Chicago Stock Exchange to a group headed by investors based in China.
Motorola calls up $500 million contribution for U.S. DB plans following tax reform

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Motorola Solutions Inc. expects to make a $500 million contribution to its U.S. defined benefit plans in 2018.
AbbVie to make $750 million pension contribution in 2018

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AbbVie Inc. plans to contribute $750 million to its global defined benefit plans in 2018.
Huntington Ingalls to ship $508 million to pension plans in 2018

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Contributions -

Huntington Ingalls Industries Inc., Newport News, Va., expects to contribute $508 million to its qualified defined benefit plans in 2018.
Sea Containers pension fund completes bulk annuity for 187million of liabilities

Pension Risk Transfer -

Pension Risk Transfer -

Sea Containers 1983 Pension Scheme insured 187million ($264 million) of liabilities with Aviva with a bulk annuity buyout.
Och-Ziff closes year with AUM down 14.4%

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Alternatives -

Och-Ziff's assets under management were down less than 1% in the fourth quarter, but declined 14.4% over the year.
SEC commissioner calls for curb on dual-class 'forever' shares

MARKETS -

MARKETS -

U.S. exchanges should consider barring companies that offer lifetime dual-class shares or requiring them to include sunset provisions.
Allianz AUM increases 3.1% in quarter; PIMCO assets up 3.7%

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Allianz SE's assets under management grew 2.1% for the quarter and 4.8% for the year ended Dec. 31 to $2.35 trillion.
DTE Energy powers up $200 million contributions to pension plans

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DTE Energy Co. expects to contribute $200 million to its defined benefit plans in 2018.
Anadarko Petroleum plans $130 million contribution to pension funds

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Contributions -

Anadarko Petroleum Corp. plans to contribute $130 million to its pension plans in 2018.
Consolidated Edison generates $473 million pension contribution for 2018

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Contributions -

Consolidated Edison Inc. expects to make contributions this year of $473 million to its pension plans.
Caterpillar digs up $190 million contribution for global DB plans in 2018

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Contributions -

Caterpillar Inc. plans to contribute $190 million to its defined benefit plans in 2018, including $150 million to non-U.S. plans.
Group appointed to study whether Norway sovereign wealth fund should divest energy

ESG -

ESG -

The Norwegian Ministry of Finance appointed a panel to review whether the world's largest sovereign wealth fund should invest in energy stocks.
France's FRR posts 7.16% return in 2017

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PENSION FUNDS -

Fonds de Reserve pour les Retraites returned 7.16% in 2017, driven by its growth portfolio.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Peter Weidner was named head of factor solutions for the multiasset solutions team at Wells Fargo Asset Management.