Latest News

Ontario Teachers launches investment department focused on venture capital, growth equity

Pension Funds

Pension Funds

Ontario Teachers' Pension Plan is launching a new investment department focused on late-stage venture capital and growth equity investments.
Luxembourg group calls cross-border regulation changes 'restrictive'

Regulation

Regulation

Association of the Luxembourg Fund Industry called European regulation changes to facilitate cross-border fund distribution "restrictive."
EBRI: Retirement confidence on the rise

Retirement Plans

Retirement Plans

More retirees are confident about their financial situations this year compared with last year.
Supreme Court dismisses case on legal action after mergers

Courts

Courts

The Supreme Court dismissed a case that might have made it easier for shareholders to take legal action following mergers or acquisitions.
State Street Global Advisors' AUM gains for quarter, year

Money Management

Money Management

State Street Global Advisors' AUM as of March 31 rose 11.7% from three months earlier and 2.8% higher than a year earlier.
Lennox International transfers $100 million in pension liabilities with annuity

Pension Risk Transfer

Pension Risk Transfer

Lennox International purchased a group annuity contract from Pacific Life Insurance Co. to transfer $100 million in pension liabilities.
Houston Municipal Employees sues Conagra over Pinnacle Foods acquisition

Courts

Courts

Houston Municipal Employees Pension System filed a class-action lawsuit alleging Conagra Brands knowingly misled investors.
Northern Trust's assets up 9% for quarter, flat for year

Money Management

Money Management

Northern Trust Corp. reported $1.16 trillion in assets under management as of March 31, up 9% from Dec. 31 but flat from March 31, 2018.
Commentary: U.S. taxable municipal bonds – an often overlooked late-cycle asset class

Industry Voices

Industry Voices

U.S. retail investors have long dominated the U.S. municipal bond market, but over the last decade, institutional interest in the sector has soared.
U.K. fines two multiemployer plans over compliance

REGULATION

REGULATION

A tribunal upheld a decision by the Pensions Regulator to fine two DC multiemployer plans for lack of compliance with U.K. laws.
Trump drops plan to nominate Cain for Fed after GOP balks

Washington

Washington

President Donald Trump said he won't nominate Herman Cain for a seat on the Federal Reserve Board after opposition from his own party.
Social Security costs projected to surpass income next year, report says

Retirement Plans

Retirement Plans

Starting in 2020, the Social Security trust funds for retirement and disability insurance will begin drawing down assets to pay benefits.
IM Global buys minority stake in boutique U.S. value equities manager Scharf Investments

MONEY MANAGEMENT

MONEY MANAGEMENT

IM Global Partner acquired a 40% stake in Scharf Investments, a boutique U.S. value equities manager with $3.4 billion in assets.
Commentary: Should emerging markets liquidity be a top priority for investors?

Industry Voices

Industry Voices

Emerging markets are gradually finding favor with investors after bouncing back from tough times, but areas of caution remain.
Wells Fargo exec: Sale of asset management unit not in the cards

Money Management

Money Management

Wells Fargo & Co.'s efforts to streamline its business, aren't an indication that the firm is considering selling its asset management unit.