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U.S. managers' stocks plummet after Brexit vote

U.S. managers' stocks plummet after Brexit vote

Publicly listed U.S. money managers' stocks plummeted Friday after the U.K. voted to leave the European Union.

June 24, 2016 | 01:21 pm
Managers finding opportunities as markets tumble after U.K. votes to leave EU

Managers finding opportunities as markets tumble after U.K. votes to leave EU

The U.K. is expected to fall into a period of economic recession, as the pound sterling, domestic equity market, and international markets begin to digest the unexpected outcome of a decision by the...

June 24, 2016 | 03:16 am
House Republicans' tax reform plan seeks new savings methods

House Republicans' tax reform plan seeks new savings methods

House Republicans released a tax reform plan on Friday that calls for exploring new ways to spur retirement and other types of savings. The Republican Tax Reform Task Force report also recommends a...

June 24, 2016 | 03:33 pm

Cystic Fibrosis Foundation hires first CIO

Cystic Fibrosis Foundation hired Jack Mahler as its first chief investment officer.

June 24, 2016 | 03:21 pm

Advisors AM expands agreement with Rothschild

Advisors Asset Management has entered into an agreement with Rothschild Asset Management to become the distributor for select separately managed accounts.

June 24, 2016 | 02:29 pm
East Coast Costco employees to join Western Conference Teamsters Pension Trust

East Coast Costco employees to join Western Conference Teamsters Pension Trust

International Brotherhood of Teamsters local unions on the East Coast that represent 4,000 employees of Costco Wholesale Corp. have voted to join 12,000 West Coast employees in the $36 billion...

June 24, 2016 | 12:13 pm
Brexit vote causes U.K. pension plan deficits to soar 10% — Hymans Robertson

Brexit vote causes U.K. pension plan deficits to soar 10% — Hymans Robertson

The deficit in U.K. defined benefit plans increased almost 10% to £900 billion ($1.3 trillion) in one day on the back of the country's decision to leave the European Union as the pound sterling ...

June 24, 2016 | 12:03 pm
Co-CIO leaving Mariner Investment Group

Co-CIO leaving Mariner Investment Group

Basil C. Williams will leave his position as co-chief investment officer of alternative investment manager Mariner Investment Group at the end of the month.

June 24, 2016 | 11:59 am

Moody's: Volatility major theme money managers faced in first half of '16

Volatility was the theme for the first half of 2016, as markets oscillated between risk-averse and risk-seeking regimes, said a new report on U.S. asset managers from Moody's Investors Service.

June 23, 2016 | 04:21 pm
CalPERS looking to commit up to $11 billion to up-and-coming managers by 2020

CalPERS looking to commit up to $11 billion to up-and-coming managers by 2020

CalPERS plans to begin a search in July 2017 for transition managers and emerging managers to which it expects to commit up to $11 billion by 2020, the $294.1 billion pension fund announced in a news ...

June 23, 2016 | 04:18 pm

Blockchain spending expected to exceed $1 billion this year — report

Total expenditures for blockchain use for capital markets are expected to top $1 billion this year, Greenwich Associates said in a report.

June 23, 2016 | 01:44 pm

J O Hambro recruits 3 for Boston office

Phil Dever, Michelle Donley Holmes and Jonathan Weitz are joining J O Hambro Capital Management in its Boston office.

June 23, 2016 | 03:07 pm
Japan's GPIF sues Toshiba following accounting scandal

Japan's GPIF sues Toshiba following accounting scandal

Japan's Government Pension Investment Fund, Tokyo, is suing Toshiba Corp. for just less than ¥1 billion ($9.4 million) over valuation losses on the 139.8 trillion fund's holdings of Toshiba...

June 23, 2016 | 10:43 am
ICI: 401(k) plan assets, target-date funds reach record levels in first quarter

ICI: 401(k) plan assets, target-date funds reach record levels in first quarter

The assets of 401(k) plans and of mutual fund target-date funds reached records in the quarter ended March 31, the Investment Company Institute reported Thursday in its quarterly review of retirement ...

June 23, 2016 | 03:18 pm

Tricadia Capital Management adds marketing head

Daniel Hoinacki was named managing director and head of investor relations and marketing at hedge fund manager Tricadia Capital Management this month.

June 23, 2016 | 01:47 pm