Kern County Employees’ Retirement Association, Bakersfield, Calif., has added a target allocation to private credit and doubled its target to real estate.
July 28, 2016 | 12:01 pm
AllianceBernstein had $489.5 billion in assets under management as of June 30, up 2.2% from March 31 and 1% from June 30, 2015.
July 28, 2016 | 11:56 am
Vanguard Group is no longer accepting new investors to its $30 billion Dividend Growth Fund.
July 28, 2016 | 11:54 am
Abu Dhabi sovereign wealth fund Mubadala Development Co. will acquire a 20% stake in alternative investment firm Investcorp Bank BSC, which has backed companies including Tiffany & Co. and Gucci Ltd. ...
July 28, 2016 | 11:49 am
Educational and policy studies organization The Aspen Institute named 22 financial leaders to its inaugural Financial Leaders Fellowship, including pension fund, endowment and money management...
July 28, 2016 | 11:44 am
Invesco reported $779.6 billion in assets under management as of June 30, up 1% from three months earlier but down 3% from a year earlier.
July 28, 2016 | 11:16 am
Singapore sovereign wealth fund GIC reported Thursday that its annualized real returns for the 20 years through March 31, 2016 dropped to 4.0% from the prior fiscal year's mark of 4.9%, and warned of ...
July 28, 2016 | 12:42 am
Disclosed M&A deal value in the asset and wealth management industry rose 544% in the first half of 2016 from the year earlier period while the number of announced deals declined 11%.
July 28, 2016 | 07:00 am
Canada-based money manager Fiera Capital's U.S. subsidiary acquired the investment strategies and staff of hedge fund-of-funds and liquid alternatives manager Larch Lane Advisors, effective Sept. 1.
July 27, 2016 | 03:05 pm
AllianceBenstein said in a statement Wednesday night that it will not acquire long/short equity hedge fund Visium Global Fund, after Citadel Group confirmed it is hiring most of the fund's investment ...
July 27, 2016 | 07:55 pm
Legg Mason reported $741.9 billion in assets under management as of June 30, up 11% from March 31 and up 6% from June 30, 2015, the company reported in its earnings statement Wednesday.
July 27, 2016 | 05:09 pm
Stephen Blyth, president and CEO of Harvard Management Co., the investment management arm of Harvard University, resigned for personal reasons, effective immediately.
July 27, 2016 | 11:38 am
New York State Common Retirement Fund announced Wednesday it had reached an agreement with The J.M. Smucker Co., Orrville, Ohio, to withdraw a shareholder proposal in return for the company agreeing...
July 27, 2016 | 03:48 pm
QIC, a leading Australian money manager, and AGL Energy Ltd., an integrated, Sydney-based energy company, announced a strategic partnership Wednesday to develop large-scale renewable energy...
July 27, 2016 | 05:29 am
The New York City Retirement Systems posted a 1.46% return on investment, net of fees, for the fiscal year ended June 30.