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

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.
ConocoPhillips adds $600 million to its U.S. pension funds

Pension Funds -

Pension Funds -

ConocoPhillips Co. contributed $600 million to its U.S. pension plans in the third quarter.