Latest News

Alternatives -

Alternatives -

Grosvenor Capital brings on emerging and diverse money manager specialist

Pension Funds -

Pension Funds -

Oregon State Treasury is searching for a senior fixed-income investment officer.
Senate Banking approves Jerome Powell as Fed chairman again

Washington -

Washington -

Jerome Powell was confirmed to be the next chairman of the Federal Reserve on Wednesday by the Senate Banking Committee.
Former Barclays FX trading head indicted on front-running charges

Courts -

Courts -

Robert Bogucki, former head of Barclays Capital's New York foreign-exchange trading operations, was indicted on charges of front-running £6 billion in foreign-exchange options.
Franklin Resources to acquire Edinburgh Partners

MONEY MANAGEMENT -

MONEY MANAGEMENT -

Franklin Resources agreed to acquire equity manager Edinburgh Partners in a transaction set to close in the first half of the year.
GSAM assets up 3% in quarter, sees $16 billion in net inflows

Money Management -

Money Management -

Goldman Sachs reported $1.494 trillion in assets under supervision for its Goldman Sachs Asset Management and wealth management businesses as of Dec. 31.
Irish Life to freeze 2 pension funds, move to new DC plan

Pension Funds -

Pension Funds -

Irish Life Assurance PLC is set to freeze its two defined benefit funds and replace them with a new defined contribution plan in May.

Hedge Funds -

Hedge Funds -

Karyn Williams left her post as head of clients solutions at alternative investment manager Two Sigma Advisers.
Carlyle hires managing director to lead growth investments in China

Alternatives -

Alternatives -

Wanlin Liu joins Carlyle Asia's private equity team in Shanghai as a managing director to lead the firm's growth investments efforts.
Colorado pension fund sues 9 banks over alleged Canadian rate manipulation

Courts -

Courts -

Colorado Fire & Police Pension Association filed a lawsuit against nine banks, including six Canadian banks, over alleged rate manipulation.

Pension Funds -

Pension Funds -

Gregg Rademacher was named the new CEO at the San Diego City Employees' Retirement System, replacing Mark Hovey who retired.
Citigroup discloses gender and racial pay gaps, plans raises

GOVERNANCE -

GOVERNANCE -

Citigroup Inc. said it would measure, publish and take steps to close the gaps between what it pays men and women in three countries and for U.S. minorities.
In rare move, investment adviser named as defendant in NYU retirement plan case

Courts -

Courts -

In an unusual turn of events, the investment adviser to New York University's retirement plan has been named as a co-defendant in litigation attacking the plan's allegedly excessive fees.
Railpen calls for more corporate disclosure from its holding companies

Governance -

Governance -

Railpen wrote to more than 200 of its holding companies requesting enhanced corporate disclosure in line with its new voting and engagement policy.
BofA: Managers trading in bonds for higher global equity allocations

Investing -

Investing -

Money managers' global equity allocations climbed to a two-year high in January, while their global bond and cash allocations fell to four- and five-year lows.