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Viewing stories published on October, 23, 2017. Click here to view latest.

Illinois SURS plans searches for consultants, options strategy manager

Searches and Hires

Searches and Hires

Illinois State Universities Retirement System plans to issue RFPs for general investment consultants for its DB and DC plans, and for an options-based strategy manager.
SSGA's AUM up 2.6% for quarter despite $25 billion in net outflows

Money Management

Money Management

State Street Global Advisors reported $2.673 trillion in AUM as of Sept. 30, up 2.6% from June 30 and up 9.3% from Sept. 30, 2016.
Former HSBC trader found guilty in front-running scheme

TRADING

TRADING

The former global head of FX cash trading at HSBC was found guilty of assisting in a front-running scheme involving $3.5 billion in trades.
Brown Capital adds portfolio manager to international equity team

Money Management

Money Management

Kabir Goyal joined Brown Capital Management's international equity team as director and portfolio manager/senior analyst.

Money Management

Money Management

Mesirow Financial has lifted out a seven-person high-yield and leverage-loan team led by Robert Sydow from Pacific Income Advisers.
BlackRock sees Asian investors turning to ETFs for bond exposure

INVESTING

INVESTING

Smaller Asian bond investors overlooked by banks increasingly turn to ETFs to get fixed-income exposure.
President Trump vows to protect 401(k) tax advantage

WASHINGTON

WASHINGTON

President Donald Trump tweeted Monday that the upcoming tax-reform effort will not change the tax incentives for defined contribution plans.
Countries need to focus on sustainable retirement systems – report

Pension Funds

Pension Funds

Countries with unsustainable retirement systems must take action now, or risk intergenerational equity issues, a new report states.