BlackRock

Blackstone vice chairman to depart at end of August

Alternatives

Alternatives

John J. Studzinski, senior managing director and vice chairman of investor relations and business development at Blackstone, will leave Aug. 31.
Apple hits $1 trillion market value; index funds enjoy the view
Apple Inc. became the first U.S. company to reach a $1 trillion market value Thursday as shares advanced 2.5% by midday, and 8.5% since Wednesday's open.

ECONOMICS

ECONOMICS

Elga Bartsch joined the BlackRock Investment Institute as head of economic and markets research.
Facebook needs to sell more ads
Facebook A shares cost pension funds, sovereign wealth funds and endowments a collective $2.4 billion in market share Thursday morning after the stock fell 20%. Shares were lower after the company...
Top DC managers grow AUM by 24% in 2017
Northern Trust Asset Management saw its defined contribution assets grow by 31% in 2017, according to data collected by Pensions & Investments after growing about 16% in 2016.

ESG

ESG

Ray Cameron was named head of Americas within BlackRock's investment stewardship team.
Investors' needs have cash managers trying new strategy tweaks
As interest rates rise globally, cash managers say they are seeing an uptick in interest in their services.