Latest News

Trump's Strategy and Policy Forum chaired by Schwarzman disbands following president's remarks

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President Donald Trump has closed both the Strategy and Policy Forum and Manufacturing Council.
BNY Mellon Master Trust Universe up 3.19% in quarter, 12.21% in year

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Plans in the BNY Mellon U.S. Master Trust Universe returned a median 3.19% and 12.21% in the three and 12 months ended June 30.
Fed members divided on whether inflation objectives are being met

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Fed members were divided about whether their inflation objectives were on track enough to raise rates further this year.
Holland Capital Management to close

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Minority- and woman-owned money manager Holland Capital Management is closing.
U.K. companies put executive pay more in line with investor expectations – analysis

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The U.K.'s largest listed companies have listened and acted on "investor rebellions" in 2016.
BlackRock's Fink joins CEOs in denouncing Virginia violence

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BlackRock CEO Laurence D. Fink joined the group of corporate leaders condemning racial intolerance that became violent over the weekend.
Philadelphia Board of Pensions returns 12.9% for fiscal year, above its benchmark

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Philadelphia Board of Pensions and Retirement returned 12.9% net of fees for the fiscal year ended June 30.
Eliopoulos says cutback to 'defensive' equities allocation lowered CalPERS' fiscal-year returns

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A "defensive" position that reduced the amount of equities in CalPERS' portfolio lowered overall returns in the fiscal year.
CalPERS finds varying levels of satisfaction with 3 consultants

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CalPERS investment committee members generally like the consultants they have hired but not entirely on all matters.
Dimensional Fund Advisors names new co-CEO

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Gerard O'Reilly was named co-CEO of Dimensional Fund Advisors, replacing Eduardo Repetto.
Kern County Employees CIO resigns

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Peter Tirp has resigned as chief investment officer of the $3.9 billion Kern County Employees' Retirement Association.
Trump to speed up public works permits, drop climate order to boost infrastructure investment

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President Donald Trump plans to sign an executive order Tuesday designed to streamline the approval process for infrastructure projects.

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Deborah Bannon joined BNY Mellon Investment Management in Hong Kong on Monday as Asia-Pacific head of consultant relationships.
Minnesota looking at moving to strategic asset allocation, returns 15.1% in fiscal year

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Minnesota State Board of Investment is considering restructuring its portfolio into more strategically-oriented categories.
Norway appoints academics to review sovereign wealth fund portfolio

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A group appointed by the Norwegian Ministry of Finance will assess the internal management of the Government Pension Fund Global.