Latest News

President Trump will nominate Nellie Liang to Federal Reserve Board

ECONOMY

ECONOMY

President Donald Trump plans to nominate Nellie Liang to the Federal Reserve Board of Governors.
Royal Mail Pension Plan takes interim tag off CEO

PENSION FUNDS

PENSION FUNDS

Richard Law-Deeks was named CEO at the 9.6 billion Royal Mail Pension Plan.
University of Kansas endowment posts 10.5% return

ENDOWMENTS AND FOUNDATIONS

ENDOWMENTS AND FOUNDATIONS

University of Kansas returned a net 10.5% on its endowment for the fiscal year ended June 30, topping the benchmark return of 9.8%.
Blackstone is said to near deal for New Mountain Capital stake

ALTERNATIVES

ALTERNATIVES

A Blackstone Group unit that buys stakes in alternative asset managers is nearing a deal for a minority investment in New Mountain Capital.
Seattle University to divest fossil-fuel stocks from endowment

ESG

ESG

Seattle University announced it plans to divest its $230 million endowment of fossil-fuel stocks within the next five years.

ENDOWMENTS AND FOUNDATIONS

ENDOWMENTS AND FOUNDATIONS

Lisa Murray was named chief investment officer of the $2 billion Ewing Marion Kauffman Foundation.
Pension Protection Fund launches consultation on levy rules

Pension Funds

Pension Funds

Pension Protection Fund is seeking feedback on how to extend its levy rules to commercial consolidators for defined benefit funds.

MONEY MANAGEMENT

MONEY MANAGEMENT

Tanguy van de Werve was named director general at the European Fund and Asset Management Association.
Time to revisit stock exchanges, SEC Commissioner Jackson says

Markets

Markets

The Securities and Exchange Commission should rein in the lopsided power of for-profit stock exchanges, SEC Commissioner Robert Jackson Jr. said.
BofA to pay $30 million to settle CFTC charges over U.S. Dollar ISDAFIX benchmark

Regulation

Regulation

Bank of America will pay $30 million to settle CFTC charges that the bank tried to manipulate the U.S. Dollar ISDAFIX benchmark.
HPS to acquire Talamod Asset Management team

MONEY MANAGEMENT

MONEY MANAGEMENT

HPS Investment Partners has agreed to lift out the staff of distressed credit manager Talamod Asset Management.

MONEY MANAGEMENT

MONEY MANAGEMENT

Logan Capital Management is hiring away the sovereign dividend performers portfolio management team from Manulife Asset Management.

MONEY MANAGEMENT

MONEY MANAGEMENT

Scott Snell joined Tetragon Credit Income Partners as a portfolio manager of collateralized-loan obligation strategies.

Sovereign Wealth Funds

Sovereign Wealth Funds

Qatar appointed Mansoor bin Ebrahim Al Mahmoud as chief executive officer of one of the world's largest sovereign wealth funds.
Hillhouse Capital closes on $10.6 billion for largest Asia private equity fund

PRIVATE EQUITY

PRIVATE EQUITY

Hillhouse Capital Group on Wednesday announced it closed its latest private equity fund, Hillhouse Fund IV, at $10.6 billion.