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Viewing stories published on November, 9, 2017. Click here to view latest.

Senate introduces tax bill, keeps most retirement contributions intact

LEGISLATION -

LEGISLATION -

Senate Republicans released their proposal for tax reform Thursday.
House Ways and Means approves tax reform package

Legislation -

Legislation -

The House Ways and Means Committee approved their tax reform proposal Thursday by a 24-16 vote along party lines.
Fortress Investment sees 2.2% AUM drop in quarter excluding Logan Circle sale

Alternatives -

Alternatives -

Fortress Investment Group earnings down slightly in third quarter and year after Logan Circle Partners sale.
Anchorage Police and Fire lowers assumed rate of return

PENSION FUNDS -

PENSION FUNDS -

Anchorage (Alaska) Police and Fire Retirement System lowered its assumed rate of return to 7% from 7.7%.
OPTrust to divest from all tobacco-related equity, bond investments by January

ESG -

ESG -

OPTrust will divest from all tobacco-related equity and fixed-income investments by Jan. 1, 2018.

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Ram Ramaswamy was named managing director, head of investment solutions for Neuberger Berman's Breton Hill team.
Janus Henderson AUM rises 4.5% in quarter, records net inflows

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Janus Henderson Group reported $360.5 billion in assets under management as of Sept. 30, up 4.5% from June 30 and up 10.5% from a year earlier.
Greenwich: European investors plan to cut equity research spending by 1% ahead of MiFID II

Regulation -

Regulation -

European institutional investors plan to cut spending on equity research by 1% in the next 12 months ahead of MiFID II.
Former New York State Common manager admits taking bribes

COURTS -

COURTS -

A former portfolio manager of the New York State Common Retirement Fund admitted he accepted gifts in exchange for steering state business to brokerages.