BlackRock

PIMCO and T. Rowe add value in volatile 2018
PIMCO and T. Rowe Price led the 10 largest providers of institutional mutual funds in assets added from market appreciation through June 30 relative to their position at the start of the year. The...
Market volatility, inflation concerns push down AUM of public managers — report

MONEY MANAGEMENT

MONEY MANAGEMENT

Cumulative AUM of 15 publicly traded asset managers was $12.57 billion at the end of the first quarter, a $10 billion decline from 2017's fourth quarter.

SEARCHES AND HIRES

SEARCHES AND HIRES

Illinois State Board of Investment hired BlackRock as a strategic partner to manage or have discretionary oversight of $12 billion.

SEARCHES AND HIRES

SEARCHES AND HIRES

Holyoke Contributory Retirement System hired an active U.S. large-cap growth equity manager and three active U.S. large-cap value managers.
First half 2018 hires: Vanguard and BlackRock remain popular, Blackstone stays busy
Through Thursday, Vanguard and BlackRock led the asset manager universe in institutional hires in 2018, according to P&I data.

SEARCHES AND HIRES

SEARCHES AND HIRES

Occidental Petroleum Corp. is adding six new investment options and a target-date fund series to its 401(k) plan.

SEARCHES AND HIRES

SEARCHES AND HIRES

Nebraska State Farm College Savings Plan is overhauling the investment options offered by the $520 million 529 plan.

Searches and Hires

Searches and Hires

AES Corp., Arlington, Va., added three new investment options to its 401(k) plan.

SEARCHES AND HIRES

SEARCHES AND HIRES

General Electric Co. hired BlackRock as the manager of the target-date fund lineup in its 401(k) plan.

SEARCHES AND HIRES

SEARCHES AND HIRES

Citigroup hired BlackRock to manage eight passive options and one active fixed-income fund in its 401(k) plan for a total of $7.4 billion.
Strategic opportunities program moving state pension ahead
Four years after launching a strategic opportunities program, Virginia Retirement System is taking it to the next level.
More firms strive to become one-stop shop

MONEY MANAGEMENT

MONEY MANAGEMENT

Multiasset-class and OCIO strategies are a priority for large managers.
BlackRock to shut 16 ETFs focused on smart beta, multifactor

Money Management

Money Management

BlackRock will shutter 16 ETFs in smart-beta and multifactor strategies a few months after introducing a lineup of AI-driven products.
Core bond funds up duration amid rate hikes
The largest core bond funds have increased their duration in the period since the Federal Reserve began raising the discount rate in December 2015.
Funds, managers give big thumbs-up to trading fee rebate pilot study

REGULATION

REGULATION

Pension funds, money managers show strong support for SEC's proposed maker-taker pilot.