Online News

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.