Online News

Viewing stories published on October, 18, 2017. Click here to view latest.

Spectrum Equity closes $1.25 billion fund

PRIVATE EQUITY

PRIVATE EQUITY

Spectrum Equity Management closed its latest growth equity fund, Spectrum Equity VIII, at its hard cap of $1.25 billion.
New CFTC commissioners take aim at market, technology risk

REGULATION

REGULATION

The two newest commissioners on the Commodity Futures Trading Commission said their focus will be on risk.
Northern Trust's AUM up 9% in quarter; company names next CEO

Money Management

Money Management

Northern Trust's assets under management totaled $1.125 trillion as of Sept. 30, up 9% from three months earlier and up 19% for the year.
Lovell Minnick Partners acquires majority stake in Tortoise Investments

Alternatives

Alternatives

Private equity firm Lovell Minnick Partners, along with other firms, are purchasing a majority stake in alternative money manager Tortoise Investments.
ESG analysis grows in all regions for CFA Institute members; EMEA takes biggest leap

ESG

ESG

CFA Institute members in North and South America continue to fall behind EMEA and Asia-Pacific regions in their use of ESG factors.
University of Chicago endowment returns 11.4%

Endowments and Foundations

Endowments and Foundations

University of Chicago's endowment returned 11.4% for the fiscal year ended June 30.
Saving more is key to secure retirement, PLSA panelists contend

Investing

Investing

Attendees at a Pensions and Lifetime Savings Association conference hear that saving more is key to secure retirement.
State pension funding ratios fall in fiscal year 2016

Pension Funds

Pension Funds

The median funding ratio of U.S. state pension plans fell again in fiscal year 2016 to 68% from 75% the previous fiscal year.
Wall Street is said poised to get key SEC reprieve on MiFID

REGULATION

REGULATION

The SEC is preparing to tell financial firms they won't have to overhaul their operations to comply with sweeping new European rules governing investment research.
PLSA conference panelists discuss challenges with U.K.'s auto-enroll program

Defined Contribution

Defined Contribution

A panel of speakers that advised the U.K. Government during its current automatic-enrollment review warned the process will face more obstacles.
Saudi Arabia's PIF creates new energy services company

Sovereign Wealth Funds

Sovereign Wealth Funds

Saudi Arabia's Public Investment Fund established a new energy services company to increase energy efficiency in government buildings.
Supreme Court puts off IPO disclosure case

Courts

Courts

The Supreme Court put on hold a case challenging whether an issuer's duty to disclose certain information allows for class-action lawsuits.
SS&C Technologies acquires CommonWealth Fund Services

Asset Servicing

Asset Servicing

SS&C Technologies Holdings acquired Canadian fund administrator CommonWealth Fund Services.
GAO report says American retirement system not providing adequate security

Washington

Washington

Social Security, workplace retirement plans and individual savings will not provide adequate retirement security for a growing number of people, the GAO said.

ASSET SERVICING

ASSET SERVICING

Rob Rushe was named European ETF segment executive at BNY Mellon, said a spokesman for the firm.