Latest News

Hedge fund assets end 2017 at record $3.2 trillion – HFR

Hedge Funds -

Hedge Funds -

Hedge fund industry assets hit a new high of $3.211 trillion as of Dec. 31, data from the Fund Research showed.
Church-plan challenges lead uptick in ERISA class-action settlements in 2017

Courts -

Courts -

Class-action lawsuit settlements reached a record $2.7 billion in 2017, with $927.8 million coming from the 10 largest ERISA cases.

Alternatives -

Alternatives -

Joseph Zidle was named managing director and private wealth solutions investment strategist at Blackstone Group.
EnCap Flatrock Midstream closes fourth fund at $3.25 billion

ALTERNATIVES -

ALTERNATIVES -

EnCap Flatrock Midstream closed its latest oil and gas fund, EnCap Flatrock Midstream Fund IV, at its $3.25 billion hard cap.
Alight Solutions: 401(k) trading activity drops to record low in 2017

DEFINED CONTRIBUTION -

DEFINED CONTRIBUTION -

A surging stock market and rising popularity of target-date funds pushed 401(k) trading activity to a record low last year.
90% of CFTC employees could be furloughed in a government shutdown

Washington -

Washington -

About 90% of the CFTC's employees could be furloughed if the federal government shuts down at 12:01 a.m. EST Saturday.
Apollo-backed ADT falls after pricing IPO below the range

MARKETS -

MARKETS -

ADT Inc., the home security company owned by Apollo Global Management, fell during its first day of trading after raising less than expected in its IPO.
New York appeals court upholds dismissal of defamation suit against Highland Capital

Courts -

Courts -

An appeals court upheld a decision dismissing a lawsuit by Highland Capital Management against Geoffrey Stern, president of Muirfield Capital Management.
Kentucky proposes full actuarial pension contribution for first time in 20 years

CONTRIBUTIONS -

CONTRIBUTIONS -

Kentucky Gov. Matt Bevin is proposing contributing $3.31 billion total to the state's employee retirement systems over the next two fiscal years.
HSBC to pay $101 million to settle criminal front-running charges

Courts -

Courts -

HSBC Holdings will pay a total of $101 million to settle criminal charges that the bank engaged in "front-running" on foreign exchange to defraud two clients.
Sponsors cite new tax law in improving 401(k) plans

DEFINED CONTRIBUTION -

DEFINED CONTRIBUTION -

The new tax law played a role in several companies' decisions to enhance their 401(k) plans.
MetLife, FSOC end legal case over SIFI designation

REGULATION -

REGULATION -

MetLife and the Financial Stability Oversight Council agreed to end the legal fight over the company's designation as a non-bank systemically important financial institution.
Ohio Public Employees tweaks target asset allocation

PENSION FUNDS -

PENSION FUNDS -

Ohio Public Employees Retirement System approved slight changes to its target asset allocation.
High Court rules BT cannot change index to calculate pension benefit increases

Pension Funds -

Pension Funds -

BT PLC will not be able to change the index it uses to calculate pension benefit increases to participants in one part of its BT Pension Scheme.
U.S. Treasury 10-year yield rises to highest level since 2014

MARKETS -

MARKETS -

The benchmark Treasury yield rose Friday, extending a sell-off in the world's largest-debt market that began last September.