Another financial services firm has agreed to some procedural changes and a monetary settlement regarding the proprietary funds it offered in its own 401(k) plan.

The Board of Supervisors ordered an audit Tuesday of L.A. County’s pension fund following a Times investigation of trustees’ spending on travel.

Bob Strachan has joined Principal Global Investors as a managing director for global consultant relations.

Traditional strategies helped lead to continued positive investment returns for institutional plan sponsors last quarter following a rebound in the first quarter of 2019, according to newly-released Northern Trust Universe data.