BlackRock

Money Management -

Money Management -

Tariq Fancy was named chief investment officer of BlackRock's sustainable investing group.
Climate change, diversity will be on agenda for 2018

GOVERNANCE -

GOVERNANCE -

Building off momentum from 2017, boardroom diversity and climate change reporting are expected to dominate conversations this proxy season.
Alt managers take the money and run
Alternative asset managers are having themselves a week, riding market highs and the passage of the pro-business tax bill.

Searches and Hires -

Searches and Hires -

The University of Chicago hired TIAA-CREF as sole record keeper of its four defined contribution plans, effective April 2.
Strong 2017 for fund managers; Vanguard and Fidelity lead
Passive fund managers saw a windfall of $227 billion flow into their institutional mutual funds year-to-date 2017 through November, with active managers taking in about $12 billion.
BlackRock hires head of Southeast Asia

Money Management -

Money Management -

Deborah Ho will join BlackRock in Singapore as a managing director and head of Southeast Asia, replacing Kevin Hardy.
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.