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Viewing stories published on November, 17, 2017. Click here to view latest.

Senate Finance tax reform package mirrors House on carried interest, endowments tax

LEGISLATION

LEGISLATION

The Senate Finance Committee late Thursday approved its version of tax reform along party lines.
SIFI designation wrong approach, report on FSOC says

REGULATION

REGULATION

The FSOC can improve the process for monitoring risk to the financial system by looking at specific activities or industrywide practices.
Employers propose moving Universities Superannuation Scheme participants to DC plan

PENSION FUNDS

PENSION FUNDS

Higher-education employers in the Universities Superannuation Scheme are proposing moving participants into a defined contribution plan.
Drexel University posts 14.7% fiscal-year return on endowment

ENDOWMENTS AND FOUNDATIONS

ENDOWMENTS AND FOUNDATIONS

Drexel University posted a 14.7% return for its $722 million endowment for the fiscal year ended June 30.
Illinois Municipal names new executive director

Pension Funds

Pension Funds

Brian Collins on Friday was appointed executive director of the Illinois Municipal Retirement Fund
NCPERS: Trying to close or freeze underfunded pension plans is misguided

PENSION FUNDS

PENSION FUNDS

Policymakers exerting pressure to close or freeze U.S. public pension plans because their funding ratios are less than 100% are misguided.
China moves to rein in risks from asset management products

MARKETS

MARKETS

China's financial regulators proposed sweeping rules to curb risks in the country's $15 trillion of asset management products.