Latest News

Invesco Trust will reimburse some ERISA investors

An Invesco Ltd. subsidiary will pay $10.3 million to settle claims brought by the Department of Labor that its Invesco Short-Term Investment Fund violated the Employee Retirement Income Security Act...

April 29, 2016 | 04:17 pm

BlackRock quant exec taking job with CPPIB

Paul Ebner, a senior portfolio manager who helped run BlackRock’s $1.6 billion mutual fund that bets on and against stocks, is leaving for a job with the Canada Pension Plan...

April 29, 2016 | 02:47 pm

Pearson shareholders reject pension funds’ resolution over testing, school development

Pearson PLC shareholders, including big pension funds, on Friday voted by 97.6% to reject a shareholder resolution filed by the Chicago Public School Teachers’ Pension & Retirement Fund and...

April 29, 2016 | 03:44 pm

Philadelphia Board of Pensions chooses new CIO

Michael Donatucci was named chief investment officer at the Philadelphia Board of Pensions and Retirement.

April 29, 2016 | 02:41 pm

Colorado Fire & Police could commit up to $250 million more to illiquid alternatives

Colorado Fire & Police Pension Association, Greenwood Village, could commit an additional $150 million to $250 million to illiquid alternatives managers in 2016, said Scott Simon, chief investment...

April 29, 2016 | 02:59 pm
Amundi ekes out AUM gain for quarter

Amundi ekes out AUM gain for quarter

Assets under management at Amundi increased 0.2% in the three months ended March 31, to €987.2 billion ($1.1 trillion), with net inflows partially offset by negative market effects.

April 29, 2016 | 02:43 pm

Robeco losing CIO, global head of distribution/marketing

Hans Rademaker, chief investment officer, and Hester Borrie, head of global distribution and marketing, are leaving Robeco Group.

April 29, 2016 | 01:41 pm
Kentucky governor signs bill funneling an additional $1.28 billion into pension funds

Kentucky governor signs bill funneling an additional $1.28 billion into pension funds

Kentucky will pour an additional $1.28 billion into its state retirement systems over the next two fiscal years under a budget bill signed into law by Gov. Matt Bevin.

April 29, 2016 | 11:12 am
Legg Mason assets hold steady for quarter, down 5% for year

Legg Mason assets hold steady for quarter, down 5% for year

Legg Mason reported $669.6 billion in assets under management as of March 31, flat from Dec. 31 and down 5% from March 31, 2015, the company reported in its earnings statement Friday.

April 29, 2016 | 11:33 am

Fortress divests control of convex Asia strategy amid hedge fund industry shakeout

Fortress Investment Group is exiting its convex Asia strategy, the latest to divest control of a business amid the hedge fund industry’s biggest shakeout since the 2008 financial crisis.

April 29, 2016 | 11:08 am
DC specialist leaving Willis Towers Watson to start own firm

DC specialist leaving Willis Towers Watson to start own firm

Nico Aspinall, head of U.K. defined contribution investment at Willis Towers Watson, will leave to launch his own firm.

April 29, 2016 | 09:50 am

Cambridge Associates promotes president to chairman and CEO

David Druley was named chairman and CEO of Cambridge Associates.

April 28, 2016 | 01:55 pm

Federated's AUM up 2% in quarter, 4% for year

Federated Investors reported $369.7 billion in assets under management as of March 31, up 2% from three months earlier and up 4% from a year earlier.

April 28, 2016 | 05:11 pm

Aberdeen taps AllianceBernstein veteran to head Asia-Pacific multiasset team

Irene Goh will join Aberdeen Asset Management as head of multiasset solutions, Asia-Pacific, effective May 3.

April 28, 2016 | 01:59 am

Pacific Life to buy Cadence Capital, add $4 billion in AUM

Pacific Life Insurance Co. agreed to buy Cadence Capital Management, adding $4 billion in assets under management and expanding into smart beta investing, which weighs metrics beyond market...

April 28, 2016 | 11:19 am