Latest News

Carlyle Group AUM climbs 1.9% in quarter, surpasses $200 billion

Carlyle Group reported $202.7 billion in assets under management as of June 30, a 1.9% increase from three months earlier and up 12.4% from the previous year, in its second quarter earnings report...

July 30, 2014 | 03:03 pm
AllianceBernstein assets advance 5.7% in quarter

AllianceBernstein assets advance 5.7% in quarter

AllianceBernstein reported $480.2 billion in assets under management as of June 30, a 5.7% increase from the previous quarter and up 10.5% from a year earlier.

July 30, 2014 | 12:19 pm

Oaktree’s mezzanine head Sacher quits in strategy dispute

Bill Sacher, managing director and head of Oaktree Capital Group's mezzanine business, has left the world's biggest distressed debt firm because of disagreements over the future of...

July 30, 2014 | 03:23 pm

Say-on-pay support flat from 2013

Companies won an average 90% level of shareholder support for the compensation of their CEOs and other top executives in say-on-pay voting this year through June 30, said a Towers Watson report...

July 30, 2014 | 03:51 pm
Senate reduces pension smoothing measures for highway bill

Senate reduces pension smoothing measures for highway bill

The Senate version of a highway funding bill approved Tuesday calls for less generous pension funding calculations for defined benefit plans than a House plan approved July 15.

July 30, 2014 | 03:41 pm

FOMC continues tapering, low rates

Members of the Federal Open Market Committee voted Wednesday to continue tapering their bond-buying program, dropping to $25 billion in monthly purchases from $35 billion in June. Information...

July 30, 2014 | 03:38 pm

Alliant shareholders reject firearms safety proposal filed by 2 pension funds

Alliant Technologies Inc. shareholders Wednesday rejected by a 92.3% vote a shareholder proposal on firearms safety filed jointly by the New York State Common Retirement Fund and the Connecticut...

July 30, 2014 | 03:28 pm
Early baby boomers comfortable with retirement income — report

Early baby boomers comfortable with retirement income — report

Recent retirees and those about to retire are relatively comfortable and confident in their retirement income, said a survey conducted by Brightwork Partners for T. Rowe Price Group.

July 30, 2014 | 03:18 pm

Neuberger Berman taps former KKR partner as Asia-Pacific senior adviser

Clifford Chiu has been named a senior adviser to Neuberger Berman Asia.

July 30, 2014 | 01:53 pm

Fidelity Worldwide names European fixed-income chief

Charles McKenzie joined Fidelity Worldwide Investment as head of European fixed-income portfolio management.

July 30, 2014 | 01:47 pm
Franklin Resources AUM up 4% in quarter

Franklin Resources AUM up 4% in quarter

Franklin Resources on Wednesday reported $920.5 billion in assets under management as of June 30, up 4% from the end of the previous quarter and up 13% from the year before.

July 30, 2014 | 11:57 am

OppenheimerFunds appoints institutional head

Steve Paddon joined OppenheimerFunds as senior vice president and head of institutional.

July 30, 2014 | 11:53 am
AMG assets up 29% for the year

AMG assets up 29% for the year

Affiliated Managers Group reported total assets under management of about $606.8 billion as of June 30, up 9% from three months earlier and up 29.2% from a year earlier, the company said in its...

July 29, 2014 | 02:46 pm
S&P Dow Jones: Pound-denominated equity funds blister past benchmarks

S&P Dow Jones: Pound-denominated equity funds blister past benchmarks

The majority of U.K. and European actively managed equity funds denominated in pounds outperformed their benchmarks over 2013, while euro-denominated funds lagged.

July 29, 2014 | 07:00 pm

El Paso County eyes hedge fund-of-funds managers

El Paso County Retirement Plan, Colorado Springs, Colo., will hear recommendations on potential hedge fund-of-funds managers from its investment consultant, Watershed Investment Consultants, at its...

July 29, 2014 | 04:00 pm