Online News

Viewing stories published on October, 11, 2017. Click here to view latest.

BlackRock recruits former Obama climate adviser to head sustainable investing

MONEY MANAGEMENT

MONEY MANAGEMENT

Brian Deese was named global head of BlackRock's sustainable investing group.
Azimut to acquire 20% stake in Iranian manager Mofid Entekhab

Money Management

Money Management

Italian money manager Azimut Group is acquiring 20% of Iranian manager Mofid Entekhab.
Inflation still holding rates down, Fed minutes show

Washington

Washington

Committee members felt that "some patience in removing policy accommodation" was warranted while they continue to track inflation trends.
Senate Finance counsel expected to lead DOL's Employee Benefits Security Administration

Washington

Washington

Preston Rutledge is expected to be nominated to serve as assistant secretary of labor for the Employee Benefits Security Administration.
Netherlands announces pension reform that would move country to a DC system

Pension Funds

Pension Funds

The new Dutch coalition government announced plans for pension reform aimed at a collective transition to a defined contribution system.

Endowments and Foundations

Endowments and Foundations

David McAuliffe was named president and chief investment officer of Berkeley Endowment Management Co.
Kentucky DC plans drop Franklin Templeton income fund

Defined Contribuiton

Defined Contribuiton

Kentucky Public Employees' Deferred Compensation Authority removed the Franklin High Income Fund from the lineup of its DC plans.
U.S. venture capital investments remain strong, but flat from previous quarter — report

Venture Capital

Venture Capital

Venture capital firms invested $19 billion in 1,206 U.S. portfolio companies in the quarter ended Sept. 30.
U.K.'s PLSA looking to develop national retirement income targets

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

The Pensions and Lifetime Savings Association is consulting the retirement industry to develop a set of new national retirement income targets.
Pennsylvania Public School Employees returns 10.14% for fiscal year

PENSION FUNDS

PENSION FUNDS

Pennsylvania Public School Employees' Retirement System, Harrisburg, returned a net 10.14% for the fiscal year ended June 30.
International Monetary Fund raises global growth forecast

ECONOMY

ECONOMY

The International Monetary Fund revised global growth upward as an accelerating cyclical upswing boosts a number of regions and countries.

PENSION FUNDS

PENSION FUNDS

Mark Walker was named chief investment officer at Coal Pension Trustee Services.
Performance, transparency and risk cited as the biggest barriers to sustainable investing — survey

ESG

ESG

Seventy-seven percent of institutional investors globally believe sustainable investing remains a challenge.
BlackRock's assets up 5% to nearly $6 trillion, sees $76 billion in long-term net inflows

Money Management

Money Management

BlackRock reported $5.977 trillion in assets under management as of Sept. 30, up 5% from three months earlier and up 17% from a year earlier.
Yale endowment posts 11.3% return

ENDOWMENTS AND FOUNDATIONS

ENDOWMENTS AND FOUNDATIONS

Yale University's endowment returned 11.3% for the fiscal year ended June 30.