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Bain Capital closes 11th fund at $7.3 billion

Bain Capital closed its 11th North American private equity fund with $7.3 billion, which includes an $800 million investment by Bain executives.

April 17, 2014 | 03:23 pm

Morgan Stanley reports 2% AUM increase for quarter

Morgan Stanley Investment Management reported $382 billion in assets under management as of March 31, up 2% from Dec. 31 and up 12% from a year earlier.

April 17, 2014 | 02:28 pm

BNP Paribas Securities Services eyes acquisitions, U.S. revenue growth

BNP Paribas Securities Services is targeting 30% average annual growth rate in revenues from the U.S. custody business by 2016, with part of that growth potentially coming from its...

April 17, 2014 | 02:39 pm

BP Pension Trustees appoint interim CEO

David Rix was named interim CEO of BP Pension Trustees.

April 17, 2014 | 02:23 pm
CFA Institute managing director succeeds Joe Dear as SEC investment advisory chair

CFA Institute managing director succeeds Joe Dear as SEC investment advisory chair

Kurt Schacht, managing director of the CFA Institute's standards and financial market integrity division, was elected chair of the Securities and Exchange Commission's...

April 17, 2014 | 01:14 pm
 Victory Capital acquires Munder Capital, will form new firm

Victory Capital acquires Munder Capital, will form new firm

Victory Capital Holdings is acquiring Munder Capital Management for an undisclosed amount.

April 17, 2014 | 12:55 pm
BlackRock's AUM up 2% for quarter on $26.7 billion in net inflows

BlackRock's AUM up 2% for quarter on $26.7 billion in net inflows

BlackRock's assets under management totaled $4.401 trillion as of March 31, up 2% from three months earlier and up 12% from a year ago, according to an earnings statement released Thursday.

April 17, 2014 | 12:26 pm
U.S. venture capital investment up 18% in first quarter

U.S. venture capital investment up 18% in first quarter

U.S. venture capital firms invested $10.7 billion in 862 companies in the first quarter, up 18% in capital invested but down 10% in the number of deals from the fourth quarter of 2013 when firms...

April 17, 2014 | 10:55 am

Harry and Jeanette Weinberg Foundation names first CIO

Jonathan Hook will become the first chief investment officer of The Harry and Jeanette Weinberg Foundation Inc., Owings Mills, Md., effective May 27.

April 17, 2014 | 11:17 am

Portfolio managers pessimistic on credit default, survey finds

The outlook for credit defaults has worsened considerably in every global market since the end of 2013, according to a survey from the International Association of Credit Portfolio Managers.

April 17, 2014 | 08:00 am
INTECH hires managing director for consultant relations team

INTECH hires managing director for consultant relations team

Adam Craig was named managing director, consultant relations, at INTECH Investment Management, said spokeswoman Ciara Brinkmann.

April 16, 2014 | 12:01 pm
Detroit pension funds reach tentative deals on pension benefit cuts

Detroit pension funds reach tentative deals on pension benefit cuts

Detroit's two public employee pension funds reached separate tentative agreements regarding pension benefit cuts included in the city's revised bankruptcy recovery plan, filed April 1 in U.S....

April 16, 2014 | 03:51 pm

San Diego County Employees to set new asset allocation

San Diego County Employees Retirement Association's investment board is scheduled to select a new asset mix, according to the agenda for the $9.5 billion pension fund's Thursday board meeting.

April 16, 2014 | 04:13 pm

BP Pension Trustees CEO leaves

Sally Bridgeland left as CEO of BP Pension Trustees, Ms. Bridgeland confirmed.

April 16, 2014 | 10:38 am

Riviera Beach retirement system resolves lawsuit with Aaron’s Inc.

Riviera Beach (Fla.) General Employees' Retirement System preliminarily resolved a lawsuit it filed against Aaron's Inc. and its directors accusing the company of illegally restructuring its board in ...

April 16, 2014 | 04:06 pm