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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.