Table of Contents

Issue Date: Monday, November 12, 2018

News

Asset growth loses luster with market

MONEY MANAGEMENT

MONEY MANAGEMENT

Third-quarter assets under management rose, but publicly traded financial service firms' shares still were hammered in October.
Multiclass-share decision galvanizes investors to action

GOVERNANCE

GOVERNANCE

Investors are calling time on unequal voting structures of companies.
Divided Congress dims prospect for real change

Washington

Washington

The shifting balance of power in Congress means it will take bipartisanship to get anything done.
Voters reject candidates in 3 states who lobbied for switch to DC plans

ELECTIONS

ELECTIONS

Gubernatorial candidates who proposed big changes to state pension systems lost on Nov. 6.
A-shares success sets the stage for MSCI expansion

INVESTING/PORTFOLIO STRATEGIES

INVESTING/PORTFOLIO STRATEGIES

The success of MSCI's initial small-scale A-shares inclusion in its indexes sets the stage for more substantial follow-up.
Secondary market becomes hotbed of activity

PRIVATE EQUITY

PRIVATE EQUITY

Asset owners are tapping the alternative investment secondary markets to sell pre-recession funds.
Investors' focus shifts to what comes next with CAT data

TRADING

TRADING

Institutional investors should be looking ahead to 2019 as consolidation audit trail implementation begins.
Trump's DOL keeping enforcement pressure steady

WASHINGTON

WASHINGTON

Enforcement actions at the Department of Labor have remained steady, though calls for additional guidance persist.
California rent control proposal shows how limited partners are handcuffed

ELECTIONS

ELECTIONS

California voters defeated a controversial rent control proposition opposed by some of Blackstone's portfolio companies.
Alternatives spark decade of growth for largest funds

FOUNDATIONS

FOUNDATIONS

Investment portfolios are swelling for private foundations, which are continuing to embrace alternatives.
Managers ride A-share wave to attract more investments

INVESTING/PORTFOLIO STRATEGIES

INVESTING/PORTFOLIO STRATEGIES

The promise of alpha and inflows lures asset managers to launch China A-share strategies.
More fund execs look at ESG investing as logical extension of their missions

FOUNDATIONS

FOUNDATIONS

Foundations are going strong in impact investing, an area that is only expected to grow in the years ahead.
Fund executives grappling with plan design
Global DC plan experts discussed the central role of regulators in achieving effective retirement plan design for flexible economy workers.
Jay Fewel, who formerly was responsible for the Oregon Public Employees Retirement Fund's private equity portfolio, has died.
More ETF providers adopt ESG, but growth could be elusive

Exchange-traded Funds

Exchange-traded Funds

Despite issuers' best efforts to build an ESG niche in ETFs, it's possible that asset growth might never come to these specific products.
The EU should abolish the unanimity rule, which gives each member state the right to veto new laws, the former Belgian prime minister.
Investors take another route to stop dual-share issuances

MARKETS

MARKETS

Newly listed companies that don't offer one share, one vote should be encouraged to implement a sunset clause.
Market innovations could play part in surge of activity

Private Equity

Private Equity

Innovations in the secondary markets are also driving increased secondary market transactions.
Boeing Co., Mexico's CONSAR, Canada's CAAT and the U.K.'s Royal Mail Group were honored for innovation in retirement plans.
New reporters join P&I staff

STAFFING

STAFFING

Danielle Walker and Margarida Correia joined Pensions & Investments as reporters.

Special Report

Foundations
Investment portfolios are swelling for private foundations, which are continuing to embrace alternatives and impact investing.
Top-performing money managers: Q3 2018
Small-cap growth strategies again dominated Morningstar's ranking of equity investments, while high-yield bond strategies led the list of top fixed-income performers.

Frontlines

Editorial

Don't shut out the Saudi market

Editorial

Editorial

It is not the responsibility of investment executives to punish the Saudi Arabian regime, even if its involvement in the murder is proven.
The SEC is the beat cop that investors need

EDITORIAL

EDITORIAL

The SEC has continued to work to protect investors from those who have hurt investors despite the Trump administration reducing regulations.

Other Views

Navigating late-cycle investing doesn't mean avoiding risk but it does require formulating strategies that take into account unexpected threats.
Climate change and rising demand are crimping supplies of water even as investors are becoming aware of just how precious the resource is.