Online News

Viewing stories published on November, 3, 2017. Click here to view latest.

NCR purchases annuity to transfer $190 million in pension liabilities

Pension Funds -

Pension Funds -

NCR Corp. purchased a group annuity contract from Principal Life Insurance that will transfer about $190 million in pension obligations.
MSCI to temporarily block new companies with unequal voting structures from 2 indexes

GOVERNANCE -

GOVERNANCE -

MSCI announced it will temporarily block new companies with unequal voting structures from two of its indexes.
Colleges blast endowment target in Republican tax bill

Endowments and Foundations -

Endowments and Foundations -

A proposed tax on some wealthy college endowments "has no clear policy objective other than raising revenue," according to Cornell University.
Ares Management assets up 1.5% for quarter, 8.5% for year

Alternatives -

Alternatives -

Ares Management reported $105.6 billion in assets as of Sept. 30, a 1.5% increase from the end of the prior quarter and up 8.5% from a year earlier.
Preqin: Majority of private capital firms increasing headcount, base salaries

Alternatives -

Alternatives -

Many private capital firms expanded their headcount and increased employees' salaries in 2017 with plans to continue these actions in 2018.
Tax reform markup to begin in House on Monday

Washington -

Washington -

The House Ways and Means Committee said Friday it plans to act on the Republicans' ambitious tax reform legislative proposal on Monday.
Westpac selling infrastructure boutique Hastings to Northill Capital

Alternatives -

Alternatives -

Westpac Banking Corp. agreed to sell infrastructure boutique Hastings to Northill Capital.

HEDGE FUNDS -

HEDGE FUNDS -

Leo Guo joins UBS O'Connor to start new global long/short China-focused fund.
London CIV names interim CEO following departure of inaugural leader

Money Management -

Money Management -

Mark Hyde Harrison was named interim CEO at London Collective Investment Vehicle.