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Viewing stories published on November, 14, 2017. Click here to view latest.

BofA: Managers' cash levels hit 4-year low despite record level saying equities are overvalued

Money Management

Money Management

Money managers' average cash holdings declined to 4.4% of their portfolios in November, the lowest level since October 2013.
DFJ co-founder Steve Jurvetson leaves firm

Alternatives

Alternatives

Steve Jurvetson, partner and co-founder of Draper Fisher Jurvetson, left the firm.
Vereit selling Cole Capital to CIM Group

Real Estate

Real Estate

Vereit, a large listed real estate trust, said it was exiting the non-traded REIT business and selling Cole Capital to CIM Group.
NISA's founders to transfer ownership stakes to senior management

Money Management

Money Management

NISA Investment Advisors' co-founders' will transfer their current equity interests in the business to the existing senior management team.
SEC enforcement actions, fines drop precipitously following Jay Clayton's appointment

Regulation

Regulation

U.S. securities regulators took fewer enforcement actions and imposed fewer fines since SEC Chairman Jay Clayton took over.
CalPERS considers 4 asset allocation options; local officials prefer avoiding major changes

Pension Funds

Pension Funds

As CalPERS mulls over a new asset allocation for the next four years, one group is making it clear CalPERS needs to steer clear of major changes.
SSGA expands diversity push to Japanese, Canadian companies

GOVERNANCE

GOVERNANCE

State Street Global Advisors announced it will expand its guidance on gender diversity on corporate boards to Canadian and Japanese companies.
Nordstrom sued over alleged fiduciary breaches in 401(k) plan

Courts

Courts

A former participant in the Nordstrom Inc. 401(k) Plan has sued plan executives alleging breaches of fiduciary duties.
GE to contribute $6 billion to main pension plan in 2018

Pension Funds

Pension Funds

General Electric Co. plans to contribute about $6 billion to its main defined benefit plan in 2018.
GI Partners Fund V closes at $2.7 billion hard cap

Private Equity

Private Equity

GI Partners announced the final closing of GI Partners Fund V at its $2.7 billion hard cap and above its $2.3 billion fundraising target.
EY: Institutional investors maintaining hedge fund levels, moving more to custom arrangements

Hedge Funds

Hedge Funds

Institutional investors plan to stick with hedge fund allocations for the most part, according to an Ernst & Young Global survey.
Florida State Board approves filing direct lawsuit against Valeant

Courts

Courts

FSBA approved filing a direct lawsuit against Valeant Pharmaceuticals International Inc. for more than $60 million in losses.
U.K. government, financial industry need to work on social impact investing — report

ESG

ESG

The U.K. government and the financial industry need to support and increase the number of social impact investment opportunities in the market.
Credit Suisse to pay $135 million to settle New York FX charges

Trading

Trading

Credit Suisse will pay $135 million in a settlement with the New York Department of Financial Services over FX charges.
PPF: U.K. corporate pension funding improves again in October

Pension Funds

Pension Funds

The total deficit of all U.K. corporate pension funds covered by the Pension Protection Fund's 7800 index fell 5.2% in October to 149.8 billion.