Latest News

Yale endowment chief Swensen's pay falls to $4.2 million in 2015

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David Swensen, who runs Yale University's $25.4 billion endowment, was compensated $4.2 million for 2015.
Deerfield Management partners snared in probe of leaking consultants

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A wide-ranging U.S. probe snared three hedge fund executives, a D.C. consultant and a government employee.
SEC in-house judges challenged in D.C. appeals court that upheld them

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The first appellate court to uphold SEC in-house courts revisited the issue Wednesday before a 10-judge panel.
Connecticut governor proposes new hybrid plan, contribution and COLA changes

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Connecticut Gov. Dannel P. Malloy announced a proposal Tuesday that would create a hybrid retirement plan for new employees.
BNP Paribas to pay $350 million to settle foreign-exchange manipulation charges

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BNP Paribas will pay $350 million to settle charges that the firm’s traders colluded to manipulate foreign-exchange rates.
Pollen Street Capital, MW Eaglewood to merge

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Pollen Street Capital and MW Eaglewood will merge to create a £2 billion ($2.6 billion) firm focused on specialist lending assets.

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Pearse Monaghan joined Artisan Partners as a director on its London-based distribution team.
Leon Cooperman gets SEC waiver to keep raising money for hedge fund

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Billionaire hedge fund manager Leon Cooperman received permission from U.S. regulators to keep raising money from outside investors.
Moody’s lowers China local/foreign currency issuer ratings to A1

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Moody's downgrades China's long-term currency issuer ratings a notch to A1, citing anticipated gradual erosion of China's credit profile.
Casey Quirk: Money management industry likely to see M&A uptick

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The money management industry is likely to experience strong mergers and acquisition activity from 2017 to 2020, a survey shows.

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Molly A. Murphy will join the $14.2 billion Orange County Employees Retirement System, Santa Ana, as chief investment officer on June 23.
Trump's budget raises PBGC multiemployer premiums, hits federal employee benefits

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President Donald Trump's proposed budget for fiscal year 2018 released Tuesday calls for cuts in federal employee retirement benefits.
Mnuchin fills top jobs at Treasury by avoiding Senate scrutiny

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Treasury Secretary Steven Mnuchin is trying to fill a leadership vacuum in his department by increasingly recruiting executives without Senate confirmation.
Kentucky pension shortfall balloons under convergence of factors — report

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Kentucky’s unfunded pension liabilities totaled $33 billion as of June 30, up $26 billion from roughly a decade ago.
Morningstar: Fees lower than ever due to investors choosing different funds

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Investors on average paid lower fees in 2016 than ever before, according to a study of U.S. funds published by Morningstar.