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Viewing stories published on October, 6, 2017. Click here to view latest.

Ilmarinen Mutual Pension Insurance forms real estate joint venture with New York Life

REAL ESTATE

REAL ESTATE

Ilmarinen Mutual Pension Insurance Co., Helsinki, formed a joint venture company with New York Life Real Estate Investors.
CalSTRS, Texas Teachers join Trian in proxy fight with Procter & Gamble

Governance

Governance

CalSTRS and the Texas Teacher Retirement System are backing Trian Fund Management in its proxy fight with Procter & Gamble Co.
Treasury Department calls for capital market reforms

REGULATION

REGULATION

Treasury calls for "significant reforms" to capital market rules to promote economic growth while still protecting investors.
State Street to pay $5 million in back pay to settle charges of compensation discrimination

Regulation

Regulation

State Street Corp. agreed to pay $5 million to settle DOL charges that it discriminated against top female employees and black vice presidents.
Corporate pension funding rises in September — 3 reports

Pension Funds

Pension Funds

The funded status for U.S. corporate pension plans rose in September, said reports from Mercer, Wilshire Consulting and Northern Trust Asset Management.
Vanderbilt endowment returns 11.5%

Endowments and Foundations

Endowments and Foundations

Vanderbilt University's endowment returned 11.5% in the fiscal year ended June 30.
Florida Retirement System lowers assumed rate of return by 10 basis points

Pension Funds

Pension Funds

The Florida Retirement System Actuarial Assumption Conference lowered the pension fund's assumed rate of return to 7.5% from 7.6%.
South Africa seeks probe into claims of irregularities at PIC

GOVERNANCE

GOVERNANCE

South Africa's finance minister demanded an investigation into claims of irregularities at the state-owned Public Investment Corp.