Latest News

Onex Partners V closes at $7.15 billion

Private Equity -

Private Equity -

Onex Corp. closed Onex Partners V at $7.15 billion, exceeding its $6.5 billion fundraising target.

FOUNDATIONS AND ENDOWMENTS -

FOUNDATIONS AND ENDOWMENTS -

Brian H. Pellegrino was named chief investment officer for the Georgia Tech Foundation.
P&G recount shows Nelson Peltz with slight lead for board seat

Governance -

Governance -

A recount of Procter & Gamble Co.'s board of director votes shows Nelson Peltz has a slight lead over incumbent director Ernesto Zedillo.
LIMRA: Corporate pension buyouts reach highest third-quarter total since 1980s

Risk Management -

Risk Management -

U.S. corporate pension plan buyouts reached $6.38 billion in the quarter ended Sept. 30, up 7.4% from the same quarter in 2016.
Neuberger Berman's Shanghai-based affiliate obtains private fund license for China

Money Management -

Money Management -

Neuberger Berman announced its affiliate has secured registration as a private fund manager with the Asset Management Association of China.

HEDGE FUNDS -

HEDGE FUNDS -

Andrew Parmentier has joined hedge fund firm Highland Capital Management as a partner and chief strategy officer.
House passes tax reform bill

WASHINGTON -

WASHINGTON -

The U.S. House of Representatives passed a tax reform bill Thursday along partisan lines that keeps the tax treatment of 401(k) contribution intact.
Alter Domus to acquire Cortland Capital in fund administration consolidation

ASSET SERVICING -

ASSET SERVICING -

Alter Domus Group is acquiring fellow fund administrator Cortland Capital Market Services.
Texas County & District puts another $10 million with Onex

Private Equity -

Private Equity -

Texas County & District Retirement System committed an additional $10 million to Onex Partners V, bringing the total commitment to $85 million.
White Mountains buys stake in Easterly Partners Group

Money Management -

Money Management -

White Mountains Insurance took an ownership stake in Easterly Partners, a holding company that takes interests in asset management firms.
BNP Paribas Asset Management takes 10% stake in alternative credit firm Caple

Money Management -

Money Management -

BNP Paribas Asset Management took a 10% equity stake in alternative credit firm Caple.
Norway's Norges Bank wants to exclude oil and gas stocks at $1 trillion sovereign wealth fund

Sovereign Wealth Funds -

Sovereign Wealth Funds -

Oil and gas stocks should be removed from the benchmark index of the Government Pension Fund Global, said the manager of the sovereign wealth fund's assets.
SEC gets $3.79 billion in penalties and disgorgements in fiscal year 2017

Regulation -

Regulation -

The SEC obtained a total of $3.79 billion in penalties and disgorgements through enforcement actions in fiscal year 2017.

Money Management -

Money Management -

William Allport was named senior retirement strategist at Vanguard Group.
Berkshire Pension Fund to join Local Pensions Partnership

Pension Funds -

Pension Funds -

Berkshire Pension Fund is set to join the asset and liability management pool Local Pensions Partnership.