Online News

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

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.
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.
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.