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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.