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Viewing stories published on October, 17, 2017. Click here to view latest.

IOOF to buy ANZ's pension, investments business for A$975 million

MONEY MANAGEMENT

MONEY MANAGEMENT

IOOF to boost assets under advisement, administration and management with addition of ANZ's pensions and investments business.
Phillips 66 401(k) plan officials sued over keeping ConocoPhillips stock

Courts

Courts

Phillips 66 401(k) plan participants sued saying plan officials breached their fiduciary duty by keeping $1 billion in ConocoPhillips stock.
Pensions & Investments unveils new pension risk transfer database

Risk Management

Risk Management

Pensions & Investments has published a new database on pension risk transfers.
Willis Towers Watson adds head of U.S. delegated investment solutions

Consultants

Consultants

Clint Cary was named head of U.S. delegated investment solutions at Willis Towers Watson.

PRIVATE EQUITY

PRIVATE EQUITY

The Institutional Limited Partners Association launched a global search for a chief executive officer.

Money Management

Money Management

Frank Vihant was named head of infrastructure debt Canada at Aviva Investors.
BofA: Managers' cash holdings fall to lowest level in 2 1/2 years

Investing

Investing

Average cash holdings declined to 4.7% of managers portfolios in October, the lowest level in two and a half years.
First Eagle Investment Management to acquire direct lending manager NewStar Financial

Money Management

Money Management

First Eagle has agreed to acquire NewStar Financial, a manager specializing in direct lending and management of broadly syndicated loans.
OECD calls for U.K. to tweak retirement benefits, maintain close ties with EU

Economy

Economy

The OECD said the U.K. must maintain close ties with the European Union and implement policies to boost productivity in the aftermath of leaving the EU.

CONSULTANTS

CONSULTANTS

Malcolm Hunt was named head of portfolio solutions for bfinance's London team.
Equity traders give poor review of SEC's tick-size pilot in small caps, Greenwich finds

Trading

Trading

Most U.S. money manager equity traders are either uncertain about or opposed to the SEC's tick-size pilot in small-cap stocks.
Columbia University endowment returns 13.7%

Endowments and Foundations

Endowments and Foundations

Columbia University, New York, reported its endowment produced a 13.7% return for the fiscal year ended June 30.
GSAM's assets up 4% for the quarter, reports $27 billion in net inflows

MONEY MANAGEMENT

MONEY MANAGEMENT

Goldman Sachs reported $1.456 trillion in assets under supervision for its Goldman Sachs Asset Management and wealth management businesses as of Sept. 30.
Morgan Stanley's AUM rises 3% in quarter as net inflows total $4.6 billion

Money Management

Money Management

Morgan Stanley Investment Management reported $447 billion in assets under management as of Sept. 30.
New Zealand Super reports active management boosts fiscal-year returns

Defined Contribution

Defined Contribution

New Zealand Super said value-added activities accounted for more than a fifth of the fiscal-year 20.7% gain.