Latest News

KKR's assets drop 1.9% in quarter, up 6.5% for year

KKR & Co.'s assets under management totaled $96.1 billion as of Sept. 30, a 1.9% drop from three months earlier but a 6.5% increase from a year earlier.

October 23, 2014 | 02:29 pm

Education firm RM enters into pension buy-in with PIC

RM PLC, Abingdon, England, agreed to a buy-in with Pension Insurance Corp. to insure 13% of the liabilities of the company's defined benefit plan.

October 23, 2014 | 02:21 pm

China Investment Corp. chief tapped as chairman of investment bank CICC

Ding Xuedong, the chairman and CEO of sovereign wealth fund China Investment Corporation, was appointed chairman of Beijing-based investment bank China International Capital Corporation Limited and a ...

October 23, 2014 | 05:44 am
Real estate investors waiting on European banks to sell non-performing loans

Real estate investors waiting on European banks to sell non-performing loans

The opportunity to invest in non-performing loans to be sold by European banks has not played out, with still a number of distressed loans that could be sold, mainly from Southern Europe, said...

October 23, 2014 | 12:12 pm

eVestment countersues Compass iTech

eVestment filed a countersuit against Compass iTech, alleging the company illegally entered the eVestment database on several occasions and stole restricted data for its own commercial gain.

October 22, 2014 | 06:22 pm

Andrew Carter, father of active bond management, dies at 74

Andrew M. Carter — the father of active bond management who also created the first bond index fund and was considered “one of the finest math guys” in fixed income — built a...

October 22, 2014 | 04:15 pm
SEC rejects applications for non-transparent ETFs

SEC rejects applications for non-transparent ETFs

The Securities and Exchange Commission has declined an appeal by active fund managers to allow ETFs to trade without disclosing their underlying holdings.

October 22, 2014 | 02:49 pm

Alameda County commits additional $15 million to Angelo Gordon fund

Alameda County Employees' Retirement Association made a follow-on commitment of $15 million to AG Opportunistic Whole Loan Fund, a direct loan fund that invests in residential mortgage loans managed...

October 22, 2014 | 01:19 pm

Allstate Investments outlines real estate strategy at ULI conference

Allstate Investments has altered its real estate investing strategies while also becoming net sellers of properties, bringing the size of its real estate portfolio down to $3.5 billion from $4...

October 22, 2014 | 04:26 pm

Cornell endowment posts 15.8% return

Cornell University’s long-term investments returned 15.8% in the fiscal year ended June 30, the Ithaca, N.Y.-based university announced on Tuesday.

October 22, 2014 | 03:57 pm

Chicago gets new city treasurer

Kurt Summers Jr. on Wednesday was appointed Chicago city treasurer by Mayor Rahm Emanuel, effective Dec. 1.

October 22, 2014 | 03:52 pm

Fifth Street backs off IPO plans

Fifth Street Asset Management announced on Wednesday it plans to withdraw an initial public offering that was intended to raise $200 million.

October 22, 2014 | 03:44 pm

Towers Watson launches non-profit think tank to improve investment industry

Towers Watson is launching a global, non-profit think tank comprising asset owners, investment managers and other services providers that will focus on improving the investment industry for end savers.

October 22, 2014 | 03:37 pm
Ryder System offers lump sums to former employees

Ryder System offers lump sums to former employees

Ryder System Inc. is offering a lump-sum payment to about 11,000 former employees vested in its frozen U.S. defined benefit plan, the company announced in an SEC filing on Wednesday.

October 22, 2014 | 03:28 pm
Boeing contributes $750 million to pension funds in 3rd quarter

Boeing contributes $750 million to pension funds in 3rd quarter

Boeing Co. contributed $750 million to its defined benefit plans in the quarter ended Sept. 30, the company said Wednesday in a Securities and Exchange Commission filing.

October 22, 2014 | 03:17 pm