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Viewing stories published on September, 26, 2017. Click here to view latest.

University of Missouri endowment returns 13.7%, tops benchmark by 280 basis points

ENDOWMENTS AND FOUNDATIONS -

ENDOWMENTS AND FOUNDATIONS -

University of Missouri System's $1.5 billion endowment pool returned a net 13.7% in the fiscal year ended June 30.
GPIF CIO calls for less focus on short term, admits no easy answer

GOVERNANCE -

GOVERNANCE -

Institutional investors continue to focus on the short term despite demanding a long-term focus from their money managers and the companies in which they invest.
Westinghouse DB plan short $937 million if terminated, PBGC says

Pension Funds -

Pension Funds -

Westinghouse Electric Co. LLC could wind up having to put $937.4 million into its defined benefit plan.
BlackRock executive's Kasich donation may cost $37 million

REGULATION -

REGULATION -

BlackRock faces a ban on collecting about $37 million in fees from Ohio public-sector clients.
Uber, Kalanick sued by investors for scandal-related losses

COURTS -

COURTS -

Uber and former CEO Travis Kalanick were accused in a lawsuit of covering up a series of "illicit business tactics" while raising funds.
Seattle mayor proposes secure choice program

DEFINED CONTRIBUTION -

DEFINED CONTRIBUTION -

Seattle would have a private-sector IRA program through workplaces under a legislative proposal announced Monday by Mayor Tim Burgess.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Zu Cowperthwaite was named senior director, emerging markets, at DePrince, Race & Zollo.
Institutional Venture Partners closes largest fund to date at $1.5 billion

VENTURE CAPITAL -

VENTURE CAPITAL -

Institutional Venture Partners closed its venture capital fund Institutional Venture Partners XVI at $1.5 billion.
Tampa General Employees to cut assumed rate of return to 7.5% over five years

Pension Funds -

Pension Funds -

Tampa General Employees' Pension Fund will lower its assumed rate of return to 7.5% from 8% over the next five years.

HEDGE FUNDS -

HEDGE FUNDS -

Michael Turner is promoted to CEO of Man FRM.
Federal judge dismisses suit by Wells Fargo 401(k) participants

Courts -

Courts -

A federal judge dismissed a suit by participants in Wells Fargo's 401(k) plan, saying plaintiffs failed to show a breach of fiduciary duty.
SEC needs to up its cybersecurity game, Clayton tells Senate

Regulation -

Regulation -

More cybersecurity breaches of markets should be expected, SEC Chairman Jay Clayton told a Senate oversight panel Tuesday.
Small share of government DC plans using auto enrollment — NAGDCA survey

Defined Contribution -

Defined Contribution -

The use of automatic enrollment by deferred compensation plans and other government DC plans has been discouraging.
Deloitte email platform hacked

CONSULTANTS -

CONSULTANTS -

Deloitte said hackers had accessed the firm's email platform in what a statement on its website called a "cyber incident."
Commentary: Uncovering the hidden trade-offs in risk-mitigation strategies

INDUSTRY VOICES -

INDUSTRY VOICES -

So-called crisis risk offset or risk mitigation strategies offer fund executives a new framework for deciding how to offset portfolio equity and credit losses.