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Kern County employees adds private credit allocation, boosts real estate

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 sees assets inch up, reports inflows

AllianceBernstein sees assets inch up, reports inflows

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 closes Dividend Growth Fund to new investors

Vanguard Group is no longer accepting new investors to its $30 billion Dividend Growth Fund.

July 28, 2016 | 11:54 am

Investcorp says Abu Dhabi sovereign wealth fund Mubadala to buy 20% stake

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

Aspen Institute names 22 to inaugural Financial Leaders Fellowship

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's assets up 1% in quarter; net inflows total $2.7 billion despite ETF outflows

Invesco's assets up 1% in quarter; net inflows total $2.7 billion despite ETF outflows

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 GIC reports FY drop in long-term returns; warns of worse to come

Singapore GIC reports FY drop in long-term returns; warns of worse to come

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

PwC: M&A values strong in first half of 2016

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

Fiera Capital acquires Larch Lane Advisors' investment strategies

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

AllianceBernstein axes deal to acquire Visium Global Fund

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's assets up 11% in quarter on new acquisitions

Legg Mason's assets up 11% in quarter on new acquisitions

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
Harvard endowment CEO resigns

Harvard endowment CEO resigns

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
N.Y. State Common pulls proposal after Smucker agrees to disclose political spending

N.Y. State Common pulls proposal after Smucker agrees to disclose political spending

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, AGL forge strategic tie-up to build greenfield renewable energy projects

QIC, AGL forge strategic tie-up to build greenfield renewable energy projects

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
NYC Retirement Systems returns 1.46% in latest fiscal year

NYC Retirement Systems returns 1.46% in latest fiscal year

The New York City Retirement Systems posted a 1.46% return on investment, net of fees, for the fiscal year ended June 30.

July 27, 2016 | 03:31 pm