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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.