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Viewing stories published on September, 27, 2017. Click here to view latest.

Carlyle said to be in talks to sell 20% stake in TCW to Nippon Life

MONEY MANAGEMENT -

MONEY MANAGEMENT -

The Carlyle Group is in discussions to sell a minority stake of about 20% of TCW Group to Nippon Life Insurance Co.
Loomis Sayles chooses head of relationship management

Money Management -

Money Management -

James A. Sia was named head of relationship management at Loomis, Sayles & Co.
General Electric 401(k) participants sue over poor-performing GE Asset Management funds

Courts -

Courts -

Three participants in General Electric Co.'s 401(k) plan filed a lawsuit against the company, alleging it breached its fiduciary duties.
PPF sets levy at £550 million for fiscal year 2019

Pension Funds -

Pension Funds -

Pension Protection Fund has set its levy estimate at £550 million for fiscal year 2019, about 10% lower than the current fiscal year.

CONSULTANTS -

CONSULTANTS -

Kiersten Christensen was named a senior research consultant at NEPC.

Pension Funds -

Pension Funds -

Halifax Regional Municipality Pension Plan issued an RFP for an executive search firm to help the C$1.8 billion plan select a new CEO.
Lexington Partners closes secondary fund at $2.66 billion

Private Equity -

Private Equity -

Lexington Partners announced Wednesday the final closing of Lexington Middle Market Investors IV at $2.66 billion.
PLSA group makes recommendations to strengthen DB plans

DEFINED BENEFIT -

DEFINED BENEFIT -

The U.K. government and retirement industry should work on further developing and testing a "superfund" framework for corporate pension funds.

Money Management -

Money Management -

Roman Gaiser, head of high yield, left Pictet Asset Management.
University of Houston Foundation chalks up 16.06% return

ENDOWMENTS AND FOUNDATIONS -

ENDOWMENTS AND FOUNDATIONS -

University of Houston Foundation returned a net 16.06% on its approximately $129 million endowment for the year ended June 30.
Brexit bill swells on pensions as European Parliament draws red lines

International -

International -

Efforts to unblock the Brexit stalemate suffered two setbacks as data showed swelling European pension costs would add to Britain's exit bill.
AP7 claims victory over Facebook's proposal to introduce non-voting shares

Courts -

Courts -

AP7, Stockholm, successfully fought off Mark Zuckerberg's plan to introduce non-voting shares for minority Facebook shareholders.

Pension Funds -

Pension Funds -

Rachel Elwell was named CEO of the Border to Coast Pensions Partnership, a £43 billion ($58.4 billion) asset pool.
Republican tax reform blueprint protects incentives for retirement savings

Washington -

Washington -

Republicans unveil a tax reform framework that calls for lower individual and corporate tax rates, while protecting incentives for retirement savings.
Commentary: In a changing world, investors must cut exposure to water risk

OPINION -

OPINION -

Investors need to be aware that many food companies are unprepared for climate change's profound impact on the water resources that sustain their operations.