Online News

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.