Latest News

Singapore bourse sued by India exchange in futures dispute

Markets

Markets

The National Stock Exchange of India sued Singapore Exchange in a Mumbai court.

Endowments and Foundations

Endowments and Foundations

James Edwards and Matthew Werner were named managing directors of investments at Emory University's investment unit.
Shell withstands controversial votes on climate change, CEO pay

GOVERNANCE

GOVERNANCE

Royal Dutch Shell has seen off the two most debated issues at its shareholder meeting — the boss's pay and responsibility in tackling climate change.
Congressman introduces bill that could help endowments avoid new tax

Endowments and Foundations

Endowments and Foundations

Endowments facing a new tax on investment income could avoid that if they commit more profits to middle-class students, under proposed legislation.
5th Circuit denies states' second attempt to defend DOL fiduciary rule

Courts

Courts

The 5th U.S. Circuit Court of Appeals denied Tuesday another effort by attorneys general from California, New York and Oregon to defend the DOL's fiduciary rule.

Money Management

Money Management

Roland Schmidt was named director of Europe, Middle East and Africa business development at RBC Global Asset Management.
FTSE 100 pension funds show surplus for first time since financial crisis – LCP report

Pension Funds

Pension Funds

The pension funds of FTSE 100 firms show a year-end accounting surplus for the first time since the global financial crisis.
Lawyer representing fired TCW manager says firm is seeking to keep personal information secret

Courts

Courts

TCW Group and the other defendants in a lawsuit brought by former manager Sara Tirschwell are seeking to have personal information kept secret.
Najib queried on 1MDB as task force seeks to recover funds

International

International

The Malaysian Anti-Corruption Commission questioned former Prime Minister Najib Razak over 1MDB, as a special task force hones in on recovering assets.
Biggest pension fund in Brazil turns into a $50 billion activist

GOVERNANCE

GOVERNANCE

Previ, Brazil's biggest pension fund, is using its 180 billion reais in assets under management as ammunition in a minority-shareholder rights war.
Dutch metal workers pension funds divests from coal companies

ESG

ESG

The pension fund for Dutch metal workers divested its holdings in coal companies.
NYSE Group appoints first female president in its history

MARKETS

MARKETS

Stacey Cunningham was named president of NYSE Group, effective Friday, replacing Thomas Farley.
Japan Post Bank plans $60 billion boost to alternatives investments over next 3 years

INVESTING

INVESTING

Japan Post Bank ratchets up planned investments to alternatives to offset falling yields from Japanese government bonds.
New Hampshire Retirement re-signs 3 equity managers running $1.5 billion

PENSION FUNDS

PENSION FUNDS

New Hampshire Retirement System renewed three equity manager contracts totaling nearly $1.5 billion.
CFTC issues guidance for enhanced oversight of cryptocurrency futures trading

Trading

Trading

Markets trading cryptocurrency futures will be required to enhance their oversight, work closely with regulators and increase reporting.