Latest News

DC participants not saving enough, withdrawing too much — report

Defined Contribution

Defined Contribution

Participants in defined contribution plans are saving too little and withdrawing too much, research shows.
GAM announces AUM drop, restructuring, no dividend; stock price falls

Money Management

Money Management

GAM Holding saw its share price fall about 22% on Thursday as it announced an AUM drop, companywide restructuring and no dividend this year.
Congressman floats bill to sell bonds to pension funds and capitalize infrastructure bank

Infrastructure

Infrastructure

Rep. John Yarmuth plans to introduce legislation that would sell federal bonds to pension funds to finance a national infrastructure bank.
Hewlett-Packard Enterprise expects to contribute $190 million to non-U.S. pension plans

Pension Funds

Pension Funds

Hewlett-Packard Enterprise Co. expects to contribute about $190 million to its non-U.S. pension plans in fiscal year 2019.
Edward Jones agrees to pay $3.2 million to settle 401(k) fiduciary breach case

Courts

Courts

Edward Jones agreed to a $3.175 million settlement with 401(k) plan participants who alleged ERISA violations relating to investment options.
Jabre joins hedge fund veterans quitting a brutal market

Hedge Funds

Hedge Funds

Philippe Jabre is returning money to investors after a challenging year, adding to the growing list of hedge fund veterans calling it quits.

Searches and Hires

Searches and Hires

Texas Employees hired NEPC as general investment consultant and CBRE Caledon as consultant for its infrastructure portfolio.
ECB leaves rates unchanged, to end stimulus program

Economy

Economy

The European Central Bank kept interest rates unchanged and will end its asset purchase program this month.
Pound rises as U.K. prime minister secures party support

Brexit

Brexit

The pound sterling made small upward moves the morning after Prime Minister Theresa May secured support from her own political party.
Goldman Sachs Asset Management to buy hedge funds-of-funds manager Aptitude

MONEY MANAGEMENT

MONEY MANAGEMENT

Goldman Sachs Asset Management will acquire Aptitude Investment Management, a hedge funds-of-funds manager.
Natixis merges three regional private equity firms into new firm called Flexstone

MONEY MANAGEMENT

MONEY MANAGEMENT

Natixis Investment Managers announced it combined its three regional private equity businesses into a single unit called Flexstone Partners.
Public managers see AUM rise in Q3 but operating margins fall — SS&C analysis

MONEY MANAGEMENT

MONEY MANAGEMENT

Assets under management for 18 publicly traded money management firms analyzed by SS&C Technologies Holdings rose 2.4% in the third quarter.

MONEY MANAGEMENT

MONEY MANAGEMENT

Raymond Yin was named managing director, head of China onshore, at UBS Asset Management.
NEPC: Endowments, foundations bullish on private equity for next year or two

ENDOWMENTS AND FOUNDATIONS

ENDOWMENTS AND FOUNDATIONS

Slightly more than half of endowments and foundations are bullish on private equity for the next 12 to 24 months.
Chicago mayor proposes $10 billion in bonds to improve pension funding

Pension Funds

Pension Funds

Chicago Mayor Rahm Emanuel proposed issuing $10 billion in bonds to improve funding in the city's pension funds.