Largest money managers
Vanguard High-Yield Corporate fund closed to new investors
Vanguard Group on Thursday announced it closed its $16.9 billion High-Yield Corporate fund to new accounts, effective immediately, in the wake of $2 billion of net inflows over the past six months.
May 24, 2012 | 02:30 pm
Fink: BlackRock equity repurchase shows stocks are cheap
BlackRock's repurchase of $1 billion in stock from Barclays demonstrates that equities are cheap compared with bonds, Laurence D. Fink, BlackRock chairman and CEO, said at his firm's annual meeting...
May 24, 2012 | 12:58 pm
Vanguard drops DC fund-use requirement for record-keeping clients
Vanguard Group dropped its requirement that defined contribution plan clients select its proprietary index funds, money market funds, target-date funds or balanced funds in order to use the firm's...
May 22, 2012 | 01:39 pm
Barclays to sell remaining stake in BlackRock
Barclays plans to sell its entire 19.6% stake in BlackRock, valued at $6.1 billion, the companies announced Monday.
May 21, 2012 | 10:05 am
Barclays plans to sell entire $6.1 Billion BlackRock stake
Barclays Plc, the U.K.’s second- largest bank by assets, will sell its entire $6.1 billion stake in BlackRock Inc. before the latest round of Basel rules stops it from counting the holding as...
May 21, 2012 | 09:37 am
Legg Mason to buy back $1.25 billion in convertibles from KKR
Legg Mason on Wednesday announced it would repurchase the $1.25 billion of convertible senior notes it sold in January 2008 to Kohlberg Kravis Roberts & Co., and expand its stock-repurchase...
May 16, 2012 | 04:08 pm
Institutional investors using boutique consultants for advice on outsourcing
Boutique investment consultants are helping a growing number of institutional clients decide whether they should outsource oversight of their investment portfolios, as the big consulting firms those...
May 14, 2012
TIAA-CREF, institutional investors in $2 billion farmland venture
A small number of institutional investors including AP2, British Columbia Investment Management Corp. and the Caisse de Depot et Placement du Quebec formed an investment firm with TIAA-CREF to invest ...
May 14, 2012 | 04:21 pm
PPIP report offers chance for direct comparison of money managers
Seven of the remaining remaining eight PPIP fund managers have earned double-digit net internal rates of return during the approximate 2.5 years of the program, a government report shows.
May 14, 2012
University of Washington streamlines 403(b) plans
University of Washington is restructuring its two 403(b) plans to reduce fees, cut redundant investment options and remove options that underperform their benchmarks, said Kathleen Dwyer, executive...
May 14, 2012
Clients note J.P. Morgan trading loss, take wait-and-see approach
Pension fund executives are examining their investments with J.P. Morgan Asset Management but taking a wait-and-see approach following news from parent company J.P. Morgan Chase of a $2 billion...
May 11, 2012 | 04:15 pm
Volatility rains on corporate DB plan funding parade in April
The funded status of U.S. corporate defined benefit pension plans dropped in April, the first decrease in 2012, due almost entirely to a decline in discount rates, according to reports from BNY...
May 09, 2012 | 03:30 pm
BlackRock surveys show split in confidence over ability to retire
A disconnect exists between defined contribution plan executives and participants on whether current employees have enough retirement savings and if they will need to continue to work beyond...
May 03, 2012 | 02:53 pm
Batterymarch analyst joins Invesco quant research team
Charles Ko will join Invesco’s global quantitative equity research team as a research analyst, effective May 15.
May 03, 2012 | 03:14 pm
FrontPoint founder Duff struggling to raise money for Massif, his new firm
Philip N. Duff, founder of hedge fund FrontPoint Partners, is struggling to attract assets for Massif Partners, his latest money management venture.