Table of Contents

Issue Date: Monday, May 13, 2019

News

Crowded stable of unicorns eager to break into market

VENTURE CAPITAL

VENTURE CAPITAL

Venture capital funds are exiting unicorns, which is good news for funds that invested early and fundraising of any unicorn-touched fund.
Investors still stalwart despite 2018 setback

ALTERNATIVES

ALTERNATIVES

Asset owners are reviewing alternative risk premium strategies after poor 2018 performance.
JPMAM sees control over joint venture a key to China

MONEY MANAGEMENT

MONEY MANAGEMENT

JPM Asset Management sees taking control of its Shanghai JV as the key to powering its growth in China's fast-growing retail market.
ADR case will test reach of investors on overseas firms

COURTS

COURTS

Toshiba's Supreme Court appeal in a U.S. ADR case has the potential to change litigation options for investors of foreign securities.
U.S. tariffs on China goods bring short-term pain, possible long-term gain
A consensus that a U.S.-China trade deal was in the bag has set the stage for a sharp correction but optimism on eventual outcome remains.
Rising stock prices a welcome gift for managers

Money Management

Money Management

Most publicly traded asset managers saw assets rise in the first quarter.
MiFID II creating more opportunities for active small-, midcap strategies

REGULATION

REGULATION

MiFID II has left active managers in a sweet spot by elevating the value of their in-house small- and midcap research, sources said.
Vanguard handing off proxy voting to subadvisers

GOVERNANCE

GOVERNANCE

Vanguard is granting its external managers proxy voting power for its subadvised funds, an unprecedented move for the firm.
Lack of urgency lamented in repairing Social Security

WASHINGTON

WASHINGTON

Inaction in Washington on Social Security could lead to massive uncertainty for Americans' retirements.
Record keepers take front seat on HSA bandwagon

HEALTH SAVINGS ACCOUNTS

HEALTH SAVINGS ACCOUNTS

Record keepers are signing deals with HSA providers to incorporate health care into their expanded financial wellness programs.
Debunking ESG myths crucial for DC acceptance — report

DEFINED CONTRIBUTION

DEFINED CONTRIBUTION

Defined contribution executives shouldn't allow myths about sustainable investing principles to color their DC portfolio planning.
Issue of global income inequality takes stage at Milken conference

ECONOMY

ECONOMY

Money managers and others at the Milken Institute Global Conference raised the alarm on income inequality endangering capitalism.
Pay disparity widens for some U.K. asset managers

MONEY MANAGEMENT

MONEY MANAGEMENT

Despite efforts by the U.K. government to eliminate corporate pay imbalances, the gap worsened for some global money managers.
Federated taking a few pieces of PNC’s asset management business
Federated Investors has agreed to buy parts of PNC Financial Services' asset management business, PNC Capital Advisors, for $52 million.
BofA, Fidelity have long love affairs with HSAs

HEALTH SAVINGS ACCOUNTS

HEALTH SAVINGS ACCOUNTS

Two large record keepers have been offering health savings accounts long before their peers.
HSAs, student loans, ESG funds are main topics at PSCA national conference
PSCA conference examines how many forms of wellness — from health care to finances — affect retirement savings.

Special Report

Top-performing managers Q1 2019
Growth strategies dominate the top 10 overall domestic equity strategies for the year ended March 31, Morningstar data show.
Alternative risk premium strategies
Asset owners are reviewing alternative risk premium strategies after poor 2018 performance.

Frontlines

Editorial

Tackling the issue of lifetime income

EDITORIAL

EDITORIAL

Some of the best minds in finance have turned their attention to the problem of making sure retirees don't outlive their retirement assets.
With risk, remember nothing is certain

EDITORIAL

EDITORIAL

Pension funds relying on higher-risk portfolios to dig out of a funding hole instead of seeking more contributions might find themselves digging deeper holes.

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