BlackRock

T. Rowe Price leads U.S. managers in alpha
T. Rowe Price led the major U.S. active fund managers in alpha creation, with its funds topping their respective benchmarks by an average 280 basis points year-to-date through Nov. 30.
New CalPERS board member leery of private equity takeover

Pension Funds -

Pension Funds -

A newly elected CalPERS board member wants more transparency and criticized private negotiations between staff and BlackRock over the fund's private equity program.

SEARCHES AND HIRES -

SEARCHES AND HIRES -

Texas Municipal Retirement System committed a total of $410 million to three alternative investment funds.
Money managers earn perfect score on LGBTQ practices in workplace

ESG -

ESG -

Several institutional money management firms have earned a 100% rating on the 2018 Corporate Equality Index regarding their LGBTQ practices.
Managers waging battle over fees on several fronts

ETFS -

ETFS -

The competitive pressure on ETF fees climbed (or dropped) to a new plateau this fall.
BlackRock calls on companies to improve climate risk reporting

GOVERNANCE -

GOVERNANCE -

BlackRock is urging the companies it invests in to align climate risk reporting with Financial Stability Board task force recommendations.
U.S. passive assets 28% of GDP
When compared to U.S. GDP, assets invested in passive mutual funds and exchange-traded funds were about 28% of the U.S. gross domestic product at the end of 2016.

SEARCHES AND HIRES -

SEARCHES AND HIRES -

Minnesota State Board of Investment approved a total of $1.5 billion in commitments to alternative investment funds.
BlackRock, Vanguard on the way to dominate investing

MONEY MANAGEMENT -

MONEY MANAGEMENT -

BlackRock and Vanguard Group are less than a decade from managing a total of $20 trillion, a sum that could upend the asset management industry.
Moody's: Flows into active result in positive quarter for asset managers

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Strong equity markets and positive net flows into actively managed strategies for the first time in years resulted in a positive third quarter for managers.

Searches and Hires -

Searches and Hires -

Clwyd Pension Fund selected BlackRock to manage $27 million in North American private credit.
BlackRock to acquire Citibanamex money management unit, adding $31 billion in AUM

MONEY MANAGEMENT -

MONEY MANAGEMENT -

BlackRock agreed to acquire the asset management business of Citibanamex, a Mexico City-based subsidiary of Citigroup.
ETFs offer plethora of risk management alternatives

ETF -

ETF -

Bid-ask spreads of some of the biggest ETFs are lower than the underlying securities, largely because they are a more favorable investment.
Capital Group making a serious play for LDI

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Capital Group hires a veteran liability-driven investment executive to spearhead the expansion of its own LDI business.

Searches and Hires -

Searches and Hires -

Iowa Municipal Fire & Police Retirement System hired BlackRock to manage about $200 million in its global allocation fund.