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Viewing stories published on October, 26, 2017. Click here to view latest.

London to still be able to compete with financial centers after Brexit — keynote speaker

WorldPensionSummit

WorldPensionSummit

While the U.K.'s exit from the European Union will bring opportunities to other financial centers, Brexit does not spell the end of London's position.
Connecticut General Assembly passes budget that does not shift pension costs to municipalities

Legislation

Legislation

The Connecticut General Assembly passed a state budget that would not shift teacher pension costs onto towns and cities.
KKR's assets up 3.2% in quarter, but revenue, net income decline

Alternatives

Alternatives

KKR & Co. reported $153.3 billion in assets under management as of Sept. 30, up 3.2% from June 30 and up 17% from a year earlier.
SEC issues guidance on unbundling of research, execution costs

REGULATION

REGULATION

U.S. managers will be allowed to unbundle research and execution costs and not violate their fiduciary duty under guidance issued by the SEC.
Federated Investors' AUM sees little change for quarter, year

MONEY MANAGEMENT

MONEY MANAGEMENT

Federated Investors reported $363.7 billion in assets under management as of Sept. 30, up 1% from June 30 but flat from Sept. 30, 2016.
Franklin Resources AUM inches up 1% despite continued outflows

MONEY MANAGEMENT

MONEY MANAGEMENT

Franklin Resources reported $753.2 billion in assets under management as of Sept. 30, up 1% from three months earlier and up 3% from a year ago.
Endowments and foundations top the third-quarter InvestorForce returns

Endowments and Foundations

Endowments and Foundations

The median third quarter net return of MSCI's InvestorForce Plan Universes was 3.11%.
ATP notches 24.4% return for first 9 months of 2017

Pension Funds

Pension Funds

TP, Hilleroed, Denmark, returned 24.4% on its investment portfolio for the nine months ended Sept. 30.
Eight honored for excellence in retirement innovation

DEFINED BENEFIT

DEFINED BENEFIT

Pensions & Investments' WorldPensionSummit honored excellence in retirement across four categories in its 2017 Innovation Awards.
Principal to buy MetLife Afore pension fund business in Mexico

MONEY MANAGEMENT

MONEY MANAGEMENT

Principal Financial Group announced Thursday it will acquire full ownership of MetLife Afore.
PwC: Money management M&A activity picks up in the third quarter

Money Management

Money Management

Disclosed money management merger and acquisition activity in the third quarter totaled $2.4 billion, up 20% from the second quarter.
Oaktree AUM rises slightly in quarter

ALTERNATIVES

ALTERNATIVES

Oaktree reported $99.5 billion in assets under management as of Sept. 30, up 0.3% from the previous quarter and down 0.3% from a year prior.
House adopts Senate budget plan for tax reform

Washington

Washington

The House voted to adopt a Senate budget resolution that allows for up to $1.5 trillion to added to the federal deficit.

Private Equity

Private Equity

Robert van Zwieten is stepping down as president and CEO of EMPEA on Nov. 5.
Watchdog group sues DOL to see records for fiduciary rule rewrite

Courts

Courts

American Oversight filed a lawsuit to force the DOL to release records about revisions to the fiduciary rule now being considered.