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Viewing stories published on October, 3, 2017. Click here to view latest.

Sustainability Accounting Standards Board unveils proposal for updated reporting standards

ESG

ESG

The Sustainability Accounting Standards Board released on Monday proposed updates to sustainability reporting standards.
Brown University tops benchmark with 13.4% fiscal-year return

ENDOWMENTS AND FOUNDATIONS

ENDOWMENTS AND FOUNDATIONS

Brown University's endowment returned 13.4% for the fiscal year ended June 30, surpassing its 11.1% benchmark return.
Congress introduces legislation to provide loans for United Mine Workers pension fund

Legislation

Legislation

Bipartisan legislation was introduced to create an emergency loan program for the United Mine Workers of America 1974 Pension Plan to avoid insolvency.

Money Management

Money Management

J.D. Sitton rejoins J.P. Morgan Asset Management's real estate business as a managing director and head of client strategy.
District Court dismisses stock-drop claim against IBM for second time

COURTS

COURTS

A U.S. District Court judge has dismissed a stock-drop claim by participants of an IBM 401(k) plan for the second time.
Judge dismisses lawsuit against Fidelity alleging fiduciary violations in Delta 401(k) plan

Courts

Courts

A U.S. District Court judge in Boston has dismissed a suit against two units of Fidelity Investments.
Fidelity International sets new fee model for active equity funds

MONEY MANAGEMENT

MONEY MANAGEMENT

Fidelity International is introducing a new fee model for active equity funds, which will apply to institutional investors globally.
Preqin: Private markets funds raise big money in third quarter, but vary among strategies

Alternatives

Alternatives

Private market deals in the third quarter saw continued momentum, although overall results were mixed when compared to previous quarters.
Boston College's endowment returns 14.9% in year ended June 30

Endowments and Foundations

Endowments and Foundations

Boston College's endowment returned 14.9% in the year ended June 30.

Money Management

Money Management

Michael R. Durbin was named president of Fidelity Institutional, replacing Jeffrey P. Lagarce.

MONEY MANAGEMENT

MONEY MANAGEMENT

Alexandre Deruaz joined Unigestion as head of portfolio construction.
Northern Trust taps Wellington veteran to lead Japan asset management business

MONEY MANAGEMENT

MONEY MANAGEMENT

Keishi Yamamoto joined Northern Trust Asset Management as president and representative director of the asset management business in Japan.

REAL ESTATE

REAL ESTATE

Suengtak Lee joined the Seoul office of Rockspring Property Investment Managers as head of the firm's sales and client service activities in Northeast Asia.