The Federal Open Market Committee raised the federal funds rate 25 basis points to a range of 1.75% to 2% as expected.
Money managers are returning to U.S. equities in June, while cash levels continued to decline and trade wars continue to be the top concern.
The Senate Banking Committee advanced the nominations of Richard Clarida and Michelle Bowman to serve on the Federal Reserve Board of Governors.
The Supreme Court reduced the options investors have for filing repeated class-action lawsuits once an initial statute of limitations is reached.
For North Korea, this time it's different — and South Korea will be the big economic winner.
Millennial hiring requires money managers and pension funds to change their office culture and also bring their Gen X managers on board.
Markets have reacted cautiously to Malaysia's first change of government in 60 years, but many observers see long-term promise.
Money managers are watching the political drama in Italy, with some seeing investment opportunity.
DC plan executives in Europe are putting greater emphasis on derivatives to help protect returns.
Ant Financial raised $14 billion from overseas heavyweights such as GIC, CPPIB, Carlyle and Warburg Pincus with plans to accelerate its strategy.
Hedge funds with assets under management less than $250 million returned 91 basis points year-to-date through May, while funds with more than $1 billion in AUM added 25 basis points.
Individual savings programs are not enough to ensure a strong workplace DC system in Europe, experts say.
The head of asset management at APG Group is having problems finding enough top managers to give money to.
The Business Roundtable pushes public companies to adopt strategies that favor long-term growth over short-term profits.
Pension funds, money managers show strong support for SEC's proposed maker-taker pilot.