JP Morgan’s Dimon Criticizes US Policies During Earnings Call
The Chase CEO says he is “almost embarrassed” to be a US citizen.
News
H.I.G Funds to Invest in Middle-Market Debt, Direct-Lending Opportunities
Raises $1.1 billion from foundations, endowments, public and private pensions, and sovereign wealth funds.
CalPERS Seeking Global Equity, Private Equity “Transition” Managers
Pension looking for successful early-stage managers who no longer fit its “Emerging” category.
New Michigan Plan Looms as Gov. Snyder Signs Senate Bill 401
The new law will shift current retirement plans to a new DC hybrid.
BDO: Top ’17 Retail Risks are Economic Conditions, Regulations, Security
78% of retailers see risks associated with regulations tied to data privacy and security.
Jerry Albright to Replace Britt Harris as TRS CIO
Board elevates interim appointee to full-time position.
UK Supreme Court Upholds Pension Benefits for Same-Sex Couples
High Court says it is discriminatory to treat same-sex partners less favorably than an opposite-sex spouse.
FCA Swings to Loss, Penalties Plunge 79%
UK regulator reports £8.6 million loss, penalties drop to £181 million from £879.5 million.
Chase’s Dimon Concerned EU can “Dictate” Job Locations in Wake of Brexit
CEO says Brussels may wield too much influence, and also warns Fed may unwind QE too fast.
Hedge Funds Eke Out Eighth Positive Month in June
Emerging markets, activists funds post strong gains, while managed futures and large funds struggled.
Mercer Finds Pension Funding Level Drops 1% in June as Deficit Hits $416 Billion
Aggregate deficit is up $8 billion from the $408 billion measured at the end of 2016.
Virginia Retirement System Releases Annual Oversight Report
State trust fund increased $5.3 billon to $72.4 billion.
UK Automatic Enrollment Surpasses 8 Million Mark
Every week, tens of thousands are joining workplace pensions through automatic enrollment.
UK’s PPF Reports Strong Annual Results
Assets increased by £5.3 billion, as funding ratio rises to 121.6%.
UK BMW Workers Accept Revised Pensions Deal
New offer more than triples payments proposed in rejected offer.