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Bridgepoint closes fifth European buyout fund at $4.3 billion

European private equity manager Bridgepoint announced on Monday its buyout fund Bridgepoint Europe V reached its hard cap of €4 billion ($4.3 billion).

March 30, 2015 | 02:56 pm

Albourne names successor to CEO

John Claisse, partner at Albourne Partners, will become CEO on Aug. 11.

March 30, 2015 | 02:41 pm
SEC charges private equity firm Patriarch, CEO with improper valuation

SEC charges private equity firm Patriarch, CEO with improper valuation

The SEC on Monday charged Patriarch Partners and CEO Lynn Tilton with improper asset valuation and failure to disclose poor performance of loan assets in three collateralized loan obligation funds...

March 30, 2015 | 02:26 pm

N.Y. State Common commits additional $30 million to in-state venture capital

New York State Common Retirement Fund made an additional $30 million commitment to Primary Venture Partners, an early stage venture capital firm, to invest in companies within the state.

March 30, 2015 | 01:27 pm
LCP: Global equity fees down in past 5 years, but charges rise in other asset classes

LCP: Global equity fees down in past 5 years, but charges rise in other asset classes

More than half of money managers running global equity allocations have reduced the fees charged to new clients by an average 20% over the past five years, new research shows.

March 30, 2015 | 01:06 pm
Kleiner Perkins wins in gender discrimination case

Kleiner Perkins wins in gender discrimination case

A jury rejected Ellen Pao's claims of gender discrimination by Kleiner Perkins Caufield & Byers, in a case that riveted Silicon Valley for weeks.

March 27, 2015 | 06:07 pm
Northern Trust: Target-date funds surge in DC plan allocation

Northern Trust: Target-date funds surge in DC plan allocation

Target-date fund allocations in defined contribution plans soared in 2014, climbing to 22% of plan assets from 15.7% in 2013, said a Northern Trust survey of 100 DC plan clients with $265 billion in...

March 27, 2015 | 03:36 pm

Access to liquidity key concern for equity traders, survey finds

Eighty-four percent of institutional equity traders are either “concerned” or “very concerned” about sourcing liquidity in the current market, according to a Liquidnet survey.

March 27, 2015 | 02:47 pm

Northern Trust names head of Greater China

Michael Wu was named head of the Greater China region at Northern Trust Corp., said John O’Connell, company spokesman.

March 27, 2015 | 12:28 pm
Aberdeen acquires remaining 49.9% stake in SVG Capital

Aberdeen acquires remaining 49.9% stake in SVG Capital

Aberdeen Asset Management will purchase the remaining 49.9% stake in its joint venture with SVG Capital for £29 million ($43.3 million.)

March 27, 2015 | 12:23 pm
Fidelity triples its China QFII quota, becoming first money manager to top $1 billion

Fidelity triples its China QFII quota, becoming first money manager to top $1 billion

Fidelity Investments Management (Hong Kong) got an additional $800 million in quotas for investment in China's capital markets Thursday, lifting its total quota under that country's qualified foreign ...

March 27, 2015 | 06:33 am

Texas Teachers returns 8.51% in 2014, slightly surpassing benchmark

Texas Teacher Retirement System returned 8.51% in 2014, outperforming its policy index by four basis points, said a performance report prepared by investment consultant Aon Hewitt Investment...

March 26, 2015 | 03:39 pm
Ameriprise Financial to pay $27.5 million in settlement with 401(k) participants

Ameriprise Financial to pay $27.5 million in settlement with 401(k) participants

Ameriprise Financial Inc. will pay $27.5 million as part of a preliminary settlement with participants in its 401(k) plan, said a court document published Thursday.

March 26, 2015 | 04:00 pm
Massachusetts treasurer proposes reforms to MassPRIM proxy-voting guidelines

Massachusetts treasurer proposes reforms to MassPRIM proxy-voting guidelines

Massachusetts Treasurer Deborah B. Goldberg proposed a series of reforms to the state's Pension Reserves Investment Management board's custom proxy-voting guidelines on Thursday.

March 26, 2015 | 01:46 pm

Russell adds investment strategist for global multiasset team

Paul Eitelman joined Russell Investments has an investment strategist.

March 26, 2015 | 04:15 pm