Latest News

Senate Finance tax reform package mirrors House on carried interest, endowments tax

LEGISLATION -

LEGISLATION -

The Senate Finance Committee late Thursday approved its version of tax reform along party lines.
SIFI designation wrong approach, report on FSOC says

REGULATION -

REGULATION -

The FSOC can improve the process for monitoring risk to the financial system by looking at specific activities or industrywide practices.
Employers propose moving Universities Superannuation Scheme participants to DC plan

PENSION FUNDS -

PENSION FUNDS -

Higher-education employers in the Universities Superannuation Scheme are proposing moving participants into a defined contribution plan.
Drexel University posts 14.7% fiscal-year return on endowment

ENDOWMENTS AND FOUNDATIONS -

ENDOWMENTS AND FOUNDATIONS -

Drexel University posted a 14.7% return for its $722 million endowment for the fiscal year ended June 30.
Illinois Municipal names new executive director

Pension Funds -

Pension Funds -

Brian Collins on Friday was appointed executive director of the Illinois Municipal Retirement Fund
NCPERS: Trying to close or freeze underfunded pension plans is misguided

PENSION FUNDS -

PENSION FUNDS -

Policymakers exerting pressure to close or freeze U.S. public pension plans because their funding ratios are less than 100% are misguided.
China moves to rein in risks from asset management products

MARKETS -

MARKETS -

China's financial regulators proposed sweeping rules to curb risks in the country's $15 trillion of asset management products.
Commentary: Live to fight another day

INDUSTRY VOICES -

INDUSTRY VOICES -

Now is the time for investors to broaden their opportunity set and actively select securities with an eye toward prudent risk management.
Wilbur Ross sued by firm's ex-managing directors over fees

Courts -

Courts -

U.S. Commerce Secretary Wilbur Ross and the company he founded, WL Ross & Co., were sued by three former managing directors.
HSAs next cash cow for 401(k) plan advisers, expert says

LEGISLATION -

LEGISLATION -

Financial advisers who work with 401(k) accounts should offer employers the same range of investment choices for HSAs, says a conference speaker.
Fewer U.K. investors seeing bonds as overvalued, survey shows

INVESTING -

INVESTING -

The proportion of investors believing corporate bonds are overvalued has dropped for the first time in 18 months, according to CFA U.K.'s latest quarterly valuations index.

Real Estate -

Real Estate -

Michael Levy was named CEO at real estate developer and manager Crow Holdings, replacing Harlan Crow.
PBGC single-employer, multiemployer deficits moving in opposite directions

Pension Funds -

Pension Funds -

The PBGC's single-employer insurance program's deficit improved in fiscal year 2017, while the multiemployer program's deficit worsened.
Commentary: Have endowments lost their mojo?

INDUSTRY VOICES -

INDUSTRY VOICES -

Endowments in search of alpha would do well to consider adding ETFs to their investment portfolios.
Congressional Democrats introduce multiemployer loan program bill

Legislation -

Legislation -

House and Senate Democrats launched an ambitious idea Thursday to help struggling multiemployer pension funds.