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Viewing stories published on October, 19, 2017. Click here to view latest.

Oklahoma County drops 7 investment options from 401(a), 457 plans

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

Oklahoma County removed seven investment options from the lineups of its 401(a) and 457 plans.

PENSION FUNDS

PENSION FUNDS

Sudhir Rajkumar was named representative of the secretary-general for the investment of the assets of the $61.5 billion United Nations Joint Staff Pension Fund.
Kentucky governor, GOP pension reform recommendations include shifting some workers to DC plans

Pension Funds

Pension Funds

Kentucky Gov. Matt Bevin and Republican legislative leaders unveiled their recommendations to reform Kentucky's pension systems.
HFR: Hedge fund industry AUM reaches fifth consecutive quarterly peak

Hedge Funds

Hedge Funds

Hedge fund industry assets hit a new peak of $3.152 trillion as of Sept. 30, the fifth consecutive quarter of record-breaking assets under management.
U.K. Department for Work and Pensions taking over retirement dashboard project

Retirement

Retirement

The U.K. government is taking over oversight of a retirement dashboard in efforts to deliver good information on retirement to consumers.
London Stock Exchange CEO to leave by end of 2018

MARKETS

MARKETS

Xavier Rolet, CEO at the London Stock Exchange Group, will leave by the end of 2018.
Schroders reports 3.1% AUM gain in third quarter

Money Management

Money Management

Schroders reported its assets under management grew 3.1% over the three months and 11.9% over the 12 months ended Sept. 30, to £419.6 billion.

PENSION FUNDS

PENSION FUNDS

Rob Horsnall was named head of direct private equity at USS Investment Management, the in-house manager for the Universities Superannuation Scheme.
Textron contributes $311 million to pension funds in third quarter

Pension Funds

Pension Funds

Textron Inc. contributed $311 million to its pension plans during the quarter.
BNY Mellon's assets up 3% for quarter despite no net flows

MONEY MANAGEMENT

MONEY MANAGEMENT

Bank of New York Mellon reported $1.824 trillion in assets under management as of Sept. 30.
Blackstone's AUM up 4.4% for quarter 7.3% for year

Money Management

Money Management

Blackstone Group reported $387.4 billion in assets under management as of Sept. 30, up 4.4% from June 30 and up 7.3% from Sept. 30, 2016.
Commentary: Setting the hedge level of a pension plan

Industry Voices

Industry Voices

A key decision in setting the investment strategy for a DB plan, is the percentage of liabilities to hedge.
Commentary: European venture capital – Out of Silicon Valley's shadow

INDUSTRY VOICES

INDUSTRY VOICES

Europe's venture capital industry continues to expand in scale and depth, reducing Silicon Valley's monopoly on producing "unicorns."
U.K.'s PLSA consults on national retirement targets, need for more saving

Defined Contribution

Defined Contribution

The PLSA is consulting the industry on national retirement targets, which will help plan participants assess if they are on track for the desired retirement.

Regulation

Regulation

Brett Redfearn was named director of the division of trading and markets.