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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.