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Investors concerned about future amid debt ceiling drama
trueAs Washington policymakers face a looming deadline to avoid breaching the federal debt ceiling on Nov. 3, investors are calmer than they were during a similar scenario in 2013 but more concerned about the country's long-term fiscal health.
T+2 unlikely to be a walk in the park
trueAs T+2 trade settlement in the U.S. moves closer to reality, there's far more to the change than just knocking 24 hours off the settlement cycle, sources said. And while there's almost universal praise for the move, there are complex issues to be faced on both the buy side and the sell side to make ...
Managers join together to boost trading transparency
trueFive money management firms have banded together to focus on making markets fairer for investors, taking aim at alternative trading systems and dark pools on issues such as transparency and best execution.
Investors eyeing emerging markets with some caution
trueMoney manager executives' fingers are hovering over the “buy” button on emerging markets.
Publicly traded money managers not seeing asset growth
trueMoney managers reported flat and, in many cases, declining assets under management for the quarter ended June 30.
Managers push SEC for limits on brokers' maker-taker rebates
trueMoney managers want the Securities and Exchange Commission to examine maker-taker rebates — to limit or eliminate them for all stock trades — claiming that the rebates spur broker-dealers to find trading venues based on revenue, rather than on best execution for clients.
Dark pool for bonds might depend on equity success
trueThe recent launch by eight large U.S. money managers of an equity dark pool has some wondering if something similar could be built by the buy side for fixed-income trading.
Transition managers answer call for sophistication
trueTransition managers are adding new capabilities to transfer assets in complex derivatives, futures and options, along with traditional transfers of securities.
Schlumberger adds Voya Financial target-date funds to 401(k) plan
trueSchlumberger Ltd. has added a custom target-date fund series to its $5.3 billion U.S. 401(k) plan, said Gary Park, director of trust investments for the Houston-based oil and gas company.
Voya recruits J.P. Morgan exec to oversee insurance investment management sales
trueJohn D. Simone was named head of insurance investment management sales and solutions at Voya Investment Management.
Voya Investment Management chooses emerging markets debt head
trueJean-Dominique Butikofer has joined the fixed-income team at Voya Investment Management as head of emerging markets, spokesman Christopher Breslin said.
ING Investment Management strengthens emerging markets team
trueAshish Goyal and Robert Holmes were appointed to ING Investment Management International’s emerging market equity team.
U.K. surety bond deal gives new pension funding option
trueA FTSE 100 company has become the first to make surety bonds part of the funding strategy for its defined benefit plan, a new option for corporate executives looking to make good on pension promises.
Schroders adds multiasset position
trueSeth Finkelstein will join Schroders as U.S. product manager, portfolio solutions, within the firm’s multiasset and portfolio solutions business, a spokeswoman said.
Impact of GASB's new pension rules on government bond ratings
trueFor many public sector retirement plan sponsors, the Governmental Accounting Standards Board's new pension reporting rules couldn't have come at a worse time. The changes, effective June 15 and encapsulated in GASB Statements 67 and 68, mandate that governmental balance sheets reflect unfunded ...