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Viewing stories published on December, 5, 2017. Click here to view latest.

Think tank blames sustainable investing for CalPERS' falling investment performance

Pension Funds

Pension Funds

CalPERS reported its unfunded liability grew $27.3 billion to $138.6 billion as of June 30, 2016, prompting criticism from a think tank.
Private equity, entrepreneurial titans sign on to Rise of the Rest Seed Fund

VENTURE CAPITAL

VENTURE CAPITAL

Revolution Ventures closed a venture capital fund with commitments from a who's who list of money managers and entrepreneurs.

MONEY MANAGEMENT

MONEY MANAGEMENT

PAG hired a Geneva-based quantitative investment and research team that previously worked at Pictet Group.

Money Management

Money Management

Frank Engels was named head of portfolio management at Union Investment, taking over from Bjorn Jesch on Jan. 1.
Institutional investors expect more volatility, opportunities for active in 2018 – survey

INVESTING

INVESTING

Active management continues to gain favor among institutional investors who predict higher volatility and asset bubbles in 2018.
U.K., U.S. lag in OECD ranking of gross retirement replacement rates

MARKETS

MARKETS

The U.K. comes last in a ranking of future gross replacement rates at 22%, finds a new report by the Organization for Economic Cooperation and Development.
SEC is said to probe if banks helped hedge funds inflate returns

REGULATION

REGULATION

The SEC is investigating whether some banks crossed the line to win business by offering hedge funds bogus price quotes on hard-to-value bonds.

PRIVATE EQUITY

PRIVATE EQUITY

Chad Crank was named a managing director at private equity firm Grain Management.
ClearBridge appoints head of global business development

Money Management

Money Management

Vinay Nadkarni was named head of global business development at ClearBridge Investments, a new position.
Auto enrollment, escalation on the rise across the board – DCIIA report

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

More U.S. defined contribution plans have implemented auto enrollment and auto escalation.
FINRA says BB&T overcharged retirement plans, charities

Regulation

Regulation

FINRA has censured BB&T Investment Services for having overcharged retirement plans and charitable organizations in their purchases of mutual funds.
Financial stability risks still moderate but new vulnerabilities emerge, OFR tells Congress

ECONOMY

ECONOMY

Overall risks to financial stability are still moderate, but new vulnerabilities include elevated market risk and cybersecurity incidents.
New Orleans ordinance could lead to changes in retirement age, COLA for city employees

Pension Funds

Pension Funds

New Orleans City Employees' Retirement System might see changes in its retirement age and cost-of-living adjustment.
PPF's 'Purple Book' shows U.K. pension fund allocations to equities dropping

PENSION FUNDS

PENSION FUNDS

U.K. pension funds allocated an average 29% of assets to equities as of March 31, with U.K.-listed equities declining in portfolios.
Fed chairman nominee Jerome Powell cleared for Senate confirmation vote

WASHINGTON

WASHINGTON

Jerome Powell was approved by the Senate Banking Committee to become the next chairman of the Federal Reserve board of governors.