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Viewing stories published on November, 28, 2017. Click here to view latest.

BlackRock to acquire Citibanamex money management unit, adding $31 billion in AUM

MONEY MANAGEMENT -

MONEY MANAGEMENT -

BlackRock agreed to acquire the asset management business of Citibanamex, a Mexico City-based subsidiary of Citigroup.
Treasurer calls on CalPERS, CalSTRS to adopt diversity standards for corporate boards

GOVERNANCE -

GOVERNANCE -

California Treasurer John Chiang is calling on CalPERS and CalSTRS to require corporate boards of the companies they invest in to have a diversity standard.
Equifax investors push for changes to clawback, bonus policies

GOVERNANCE -

GOVERNANCE -

Equifax investors are pushing its board to adopt a stronger clawback policy and stop using adjusted financial results to calculate executive bonuses.
Supreme Court considers curtailing state securities class actions

COURTS -

COURTS -

The U.S. Supreme Court wrestled Tuesday with whether state courts have jurisdiction to hear certain securities class actions.
CBRE Global Investors closes eighth enhanced return fund at $1.34 billion

Alternatives -

Alternatives -

CBRE Global Investors closed its latest U.S. enhanced return fund, CBRE Strategic Partners U.S. Value 8, at $1.34 billion.
Senate Budget Committee advances tax reform bill

Legislation -

Legislation -

The Senate Budget Committee approved the Republican tax reform bill on Tuesday along party lines.
Corporate DC trusts in the U.K. relying heavily on passive equities – report

DEFINED CONTRIBUTION -

DEFINED CONTRIBUTION -

Developed markets equities were the predominant asset class in asset allocation of trust-based defined contribution plans in the U.K. in 2017.