Latest News

SS&C Technologies acquires CommonWealth Fund Services

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SS&C Technologies Holdings acquired Canadian fund administrator CommonWealth Fund Services.
GAO report says American retirement system not providing adequate security

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Social Security, workplace retirement plans and individual savings will not provide adequate retirement security for a growing number of people, the GAO said.

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Rob Rushe was named European ETF segment executive at BNY Mellon, said a spokesman for the firm.
Spectrum Equity closes $1.25 billion fund

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Spectrum Equity Management closed its latest growth equity fund, Spectrum Equity VIII, at its hard cap of $1.25 billion.
New Zealand Super reports 4.2% gain for first quarter of fiscal year

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New Zealand Superannuation Fund reported a strong start to its new fiscal year, with a 4.2% gain for the quarter ended Sept. 30.
AMP Capital picks institutional director to lead new Dubai office

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Sudhanshu Garg was named institutional director for AMP Capital's new representative office in Dubai.
IOOF to buy ANZ's pension, investments business for A$975 million

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IOOF to boost assets under advisement, administration and management with addition of ANZ's pensions and investments business.
Phillips 66 401(k) plan officials sued over keeping ConocoPhillips stock

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Phillips 66 401(k) plan participants sued saying plan officials breached their fiduciary duty by keeping $1 billion in ConocoPhillips stock.
Pensions & Investments unveils new pension risk transfer database

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Pensions & Investments has published a new database on pension risk transfers.
Willis Towers Watson adds head of U.S. delegated investment solutions

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Clint Cary was named head of U.S. delegated investment solutions at Willis Towers Watson.

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The Institutional Limited Partners Association launched a global search for a chief executive officer.

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Frank Vihant was named head of infrastructure debt Canada at Aviva Investors.
BofA: Managers' cash holdings fall to lowest level in 2 1/2 years

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Average cash holdings declined to 4.7% of managers portfolios in October, the lowest level in two and a half years.
First Eagle Investment Management to acquire direct lending manager NewStar Financial

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First Eagle has agreed to acquire NewStar Financial, a manager specializing in direct lending and management of broadly syndicated loans.
OECD calls for U.K. to tweak retirement benefits, maintain close ties with EU

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The OECD said the U.K. must maintain close ties with the European Union and implement policies to boost productivity in the aftermath of leaving the EU.