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Viewing stories published on October, 5, 2017. Click here to view latest.

Randal Quarles confirmed for Federal Reserve Board

WASHINGTON

WASHINGTON

Randal Quarles was confirmed by the Senate on Thursday to the Federal Reserve Board of Governors.
Uber will proceed with SoftBank deal, limit Kalanick's power

GOVERNANCE

GOVERNANCE

Uber Technologies will move forward with a major investment deal from SoftBank Group Corp. and approved a slate of governance reforms that will limit the influence of co-founder Travis Kalanick and...

Money Management

Money Management

Tobias Pross was named global head of distribution in addition to his role as head of Europe, Middle East and Africa at Allianz Global Investors.
Stanford endowment achieves 13.1% one-year return

ENDOWMENTS AND FOUNDATIONS

ENDOWMENTS AND FOUNDATIONS

Stanford Management Co. on Thursday reported a net 13.1% return for the year ended June 30.
Pew survey finds support for state auto-IRA programs

Defined Contribution

Defined Contribution

A survey of workers' attitudes toward state-sponsored automatic IRA programs released by The Pew Charitable Trusts found widespread support.
New York City Retirement adds $150 million to investment in affordable housing

Pension Funds

Pension Funds

New York City Retirement Systems is adding $150 million to an affordable housing investment program, bringing the total to $450 million.
Russia, Saudi Arabia sovereign wealth funds create fund to invest in Russian energy, technology

Sovereign Wealth Funds

Sovereign Wealth Funds

Two sovereign wealth funds have agreed to collaborate on new platforms to invest in the Russian energy services and technology sectors.
Merseyside Pension Fund posts 21.5% for fiscal year, topping its benchmark

PENSION FUNDS

PENSION FUNDS

Merseyside Pension Fund returned 21.5% in the fiscal year ended March 31, increasing assets to 8.2 billion.
Judge dismisses some claims in Johns Hopkins 403(b) lawsuit, allows others to proceed

Courts

Courts

A U.S. District judge partially dismissed a lawsuit against Johns Hopkins University alleging the university had breached its fiduciary duties.

Money Management

Money Management

Stephen Scanlon was named head of retirement plan services at AXA U.S.
House approves fiscal year 2018 budget before tax reform

Washington

Washington

The House approved a 2018 budget resolution Thursday that sets the stage for the Republican tax reform proposal released in late September.

CONSULTANTS

CONSULTANTS

Ian Burns was named head of defined benefit investment solutions at JLT Employee Benefits and James Leeming was named director on the investment solutions team.
Commentary: Safeguarding your portfolio in a low-return environment

INDUSTRY VOICES

INDUSTRY VOICES

Investors have several approaches to consider when looking to maximize investment outcomes in a low-return environment.

MONEY MANAGEMENT

MONEY MANAGEMENT

Carlos Vilares was named head of insurance for the U.K. and Ireland at Natixis Global Asset Management.