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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.